XenoHolographic Executes Three Year Agreement Valued Up to $775,000

Imagination Park Entertainment (CSE:IP) announced that its joint ventured company, XenoHolographic Inc has been selected to provide the augumented reality and mobile app software license platform to Liberty Fairs for the next three years with a contract value estimated up to $775,000 USD.

As quoted in the press release:

Liberty Fairs, the world’s leading directional fashion fair and trade show event operator, will be announcing its debut fashion, beauty, wellness and music festival, PARAISO, in a high-profile PR event on May 5, 2018 at the W South Beach in Miami Beach. Major consumer-facing fashion lifestyle events are also planned for New York, Los Vegas, Los Angeles, and Paris in 2018.

“XenoHolographic demonstrated the most advanced augmented reality mobile platform as compared to any other technology solution our team reviewed. We look forward to our long-lasting creative partnership and to providing our fashion lifestyle attendees the most advanced augmented reality mobile experience available,” stated Stephen Savage, President of Liberty Fairs.

Jordan English, Managing Partner at New Brave World and agent for Liberty Fairs stated: “XenoHolographic’s data capabilities will provide Liberty Fairsnumerous global brand & agency sponsors with unmatched consumer insights and the technology platform is sure to drive millions of dollars in new value.”

Alen Paul Silverrstieen, CEO of XenoHolographics, stated: “We are excited about our three year exclusive partnership with Liberty Fairs. As the leading fashion event organizers in the world, the Xeno AR Mobile App is honored to have been trusted with presenting their various brands and events to the global fashion community and to fashion lifestyle consumers around the world.”

The Xeno AR Mobile App will assist all attendees in discovery of events, admission to exclusive parties, concerts, VIP experiences, and other core on-site integrations. It will be available for both IOS and Android.

Further, the Company has amended the terms of 1,389,928 common share purchase warrants (the “Warrants”), that were issued by way of private placement, by reducing the exercise price to $0.70.

The Warrants affected are the 1,389,928 non-transferable share purchase warrants issued on March 19, 2018 at an exercise price of $0.90 and an expiry date of March 19, 2020.

The Company will send out new warrant certificates to the subscribers.

Click here for the full text release.