RETRANSMISSION: ImagineAR's Famedays Secures $10 Million Contract to Develop 25,000 Sq. Ft. Immersive Entertainment Center at a Niagara Falls Hotel in Canada
ImagineAR (CSE: IP) (OTCQB: IPNFF) announced that its subsidiary FameDays has secured a $10 million contract to develop a 25,000-square-foot immersive experience center in Niagara Falls, Ontario. The agreement was executed with Ontario real estate developer Mr. J Grewal on February 21, 2025.
The project represents the first implementation of ImagineAR's new AR-AI business model designed for scalable, recurring revenue. Key features include:
- A non-refundable deposit of $250,000 paid upon contract execution
- A Master Services Agreement for ongoing support
- Annual fees and monthly royalties based on gross sales
- Immersive attractions, AR racing, VR Gaming, and Mixed AG真人官方ity
Located in a region attracting over 13 million visitors annually, the center aims to capitalize on Niagara Falls' tourism. The partnership serves as a blueprint for scaling ImagineAR's technology across high-traffic global destinations, with potential expansion already in discussion for a second, larger location in Ontario.
ImagineAR (CSE: IP) (OTCQB: IPNFF) ha annunciato che la sua sussidiaria FameDays ha ottenuto un contratto di 10 milioni di dollari per sviluppare un centro esperienziale immersivo di 25.000 piedi quadrati a Niagara Falls, Ontario. L'accordo 猫 stato firmato con il sviluppatore immobiliare dell'Ontario Mr. J Grewal il 21 febbraio 2025.
Il progetto rappresenta la prima attuazione del nuovo modello di business AR-AI di ImagineAR, progettato per generare entrate ricorrenti e scalabili. Le caratteristiche principali includono:
- Un deposito non rimborsabile di 250.000 dollari pagato al momento della firma del contratto
- Un Master Services Agreement per supporto continuo
- Tariffe annuali e royalties mensili basate sulle vendite lorde
- Attrazioni immersive, gare in AR, giochi VR e realt脿 mista
Situato in una regione che attrae oltre 13 milioni di visitatori all'anno, il centro mira a capitalizzare il turismo delle Cascate del Niagara. La partnership funge da modello per scalare la tecnologia di ImagineAR in destinazioni globali ad alto traffico, con potenziali espansioni gi脿 in discussione per una seconda sede, pi霉 grande, in Ontario.
ImagineAR (CSE: IP) (OTCQB: IPNFF) anunci贸 que su subsidiaria FameDays ha asegurado un contrato de 10 millones de d贸lares para desarrollar un centro de experiencia inmersiva de 25,000 pies cuadrados en Niagara Falls, Ontario. El acuerdo fue firmado con el desarrollador inmobiliario de Ontario Mr. J Grewal el 21 de febrero de 2025.
El proyecto representa la primera implementaci贸n del nuevo modelo de negocio AR-AI de ImagineAR, dise帽ado para ingresos recurrentes y escalables. Las caracter铆sticas clave incluyen:
- Un dep贸sito no reembolsable de 250,000 d贸lares pagado al momento de la firma del contrato
- Un Acuerdo de Servicios Maestros para soporte continuo
- Cuotas anuales y regal铆as mensuales basadas en las ventas brutas
- Atracciones inmersivas, carreras en AR, juegos VR y realidad mixta
Ubicado en una regi贸n que atrae a m谩s de 13 millones de visitantes al a帽o, el centro tiene como objetivo capitalizar el turismo de las Cataratas del Ni谩gara. La asociaci贸n sirve como un modelo para escalar la tecnolog铆a de ImagineAR en destinos globales de alto tr谩fico, con una posible expansi贸n ya en discusi贸n para una segunda ubicaci贸n m谩s grande en Ontario.
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ImagineAR (CSE: IP) (OTCQB: IPNFF) a annonc茅 que sa filiale FameDays a obtenu un contrat de 10 millions de dollars pour d茅velopper un centre d'exp茅rience immersive de 25 000 pieds carr茅s 脿 Niagara Falls, Ontario. L'accord a 茅t茅 sign茅 avec le promoteur immobilier de l'Ontario Mr. J Grewal le 21 f茅vrier 2025.
Le projet repr茅sente la premi猫re mise en 艙uvre du nouveau mod猫le commercial AR-AI d'ImagineAR, con莽u pour des revenus r茅currents et 茅volutifs. Les principales caract茅ristiques comprennent :
- Un acompte non remboursable de 250 000 dollars pay茅 lors de la signature du contrat
- Un contrat de services principaux pour un soutien continu
- Des frais annuels et des redevances mensuelles bas茅es sur les ventes brutes
- Attractions immersives, courses en AR, jeux VR et r茅alit茅 mixte
Situ茅 dans une r茅gion attirant plus de 13 millions de visiteurs par an, le centre vise 脿 capitaliser sur le tourisme des chutes du Niagara. Le partenariat sert de mod猫le pour 茅tendre la technologie d'ImagineAR dans des destinations mondiales 脿 fort trafic, avec une 茅ventuelle expansion d茅j脿 en discussion pour un deuxi猫me emplacement plus grand en Ontario.
ImagineAR (CSE: IP) (OTCQB: IPNFF) gab bekannt, dass ihre Tochtergesellschaft FameDays einen 10-Millionen-Dollar-Vertrag zur Entwicklung eines 25.000 Quadratfu脽 gro脽en immersiven Erlebniszentrums in Niagara Falls, Ontario gesichert hat. Der Vertrag wurde am 21. Februar 2025 mit dem Immobilienentwickler aus Ontario Mr. J Grewal unterzeichnet.
Das Projekt stellt die erste Umsetzung des neuen 础搁-础滨-骋别蝉肠丑盲蹿迟蝉尘辞诲别濒濒蝉 von ImagineAR dar, das f眉r skalierbare, wiederkehrende Einnahmen konzipiert ist. Zu den Hauptmerkmalen geh枚ren:
- Eine nicht erstattungsf盲hige Anzahlung von 250.000 Dollar, die bei Vertragsunterzeichnung gezahlt wird
- Ein Master-Service-Vertrag f眉r fortlaufende Unterst眉tzung
- J盲hrliche Geb眉hren und monatliche Lizenzgeb眉hren basierend auf dem Bruttoumsatz
- Immersive Attraktionen, AR-Rennen, VR-Spiele und gemischte AG真人官方it盲t
Das Zentrum befindet sich in einer Region, die j盲hrlich 眉ber 13 Millionen Besucher anzieht, und zielt darauf ab, vom Tourismus der Niagaraf盲lle zu profitieren. Die Partnerschaft dient als Vorlage f眉r die Skalierung der Technologie von ImagineAR an stark frequentierten globalen Standorten, wobei bereits 眉ber eine zweite, gr枚脽ere Niederlassung in Ontario diskutiert wird.
- Secured a substantial $10 million contract for immersive entertainment development
- Established recurring revenue model through annual fees and monthly royalties
- Strategic location in Niagara Falls with access to 13 million annual visitors
- Received $250,000 non-refundable deposit showing client commitment
- Potential expansion with discussions for additional locations already underway
- Positioned in a rapidly growing market projected to reach $1.7 trillion by 2032
- Project execution and timeline risks for completing the 25,000 sq. ft. center
- Dependency on tourism patterns which can be affected by economic downturns
- Competition in the rapidly growing immersive technology market
- Potential technical challenges in implementing advanced AR/AI technologies
- Reliance on a single developer relationship for this major project
FameDays also signed a Master Services Agreement to provide ongoing on-site and software support and will be paid an annual fee and recurring monthly royalties once the center opens to the public
Vancouver, British Columbia--(Newsfile Corp. - February 25, 2025) - (CSE: IP) (OTCQB: IPNFF) (FSE: GMS1) an Augmented AG真人官方ity company that enables organizations, brands and businesses to create their own immersive experiences, announced today the execution of a Design and Project Installation Agreement by its wholly-owned subsidiary FameDays to develop a 25,000-square-foot immersive experience center in Niagara Falls, Ontario. The
Mr. J Grewal, an Ontario real estate developer and owner of the location for the Immersive Centre at Niagara Falls, paid a non-refundable deposit of
Strategic Location: Niagara Falls' Tourism Powerhouse
Niagara Falls attracts over 13 million visitors annually, making it one of North America's most iconic tourist destinations. The immersive center intends to capitalize on this foot traffic, positioning ImagineAR's technology at the intersection of entertainment, education, and next-gen tourism. The location ensures access to a global audience and enhancing visibility for both parties.
2025 Rollout
The Niagara Falls center is the first immersive AR /AI installations slated for 2025. The partnership serves as a blueprint for scaling ImagineAR's technology across high-traffic global destinations, from theme parks to cultural landmarks.
Mr. J Grewal added, "An immersive center inside a hotel transforms the guest experience from a simple stay to a journey of discovery, blending technology, culture, and entertainment seamlessly. In Canada, where travelers seek both adventure and authenticity, this innovation allows hotels to offer curated, interactive experiences that not only enhances guest satisfaction but also drives longer stays and repeat visits, making it the future of hospitality. We have already expressed interest to open two more locations, and we are currently in discussions to open our 2nd immersive center in Ontario with much larger square footage."
Alen Paul Silverrstieen, CEO of ImagineAR, stated, "This partnership is a transformative milestone. Niagara Falls' tourist base provides the ideal stage to showcase how AR/AI can redefine experiential entertainment. By signing a
Recent data predicts the immersive tech market will explode from
About ImagineAR
ImagineAR Inc. (CSE: IP) (OTCQB: IPNFF) (FSE: GMS1) is an augmented reality (AR) platform, ImagineAR.com, that enables businesses of any size to create and implement their own AR immersive campaigns with no programming or technology experience. FameDays, wholly owned subsidiary, is a leading-edge developer of immersive entertainment centers, integrating AR/ AI and interactive technology to create fully immersive, high-impact experiences. The large-scale venues redefine storytelling by blending pre-rendered visuals, augmented reality overlays, and real-time interactivity, offering audiences a next-generation entertainment experience with limitless creative possibilities.
For more information or to explore working with ImagineAR or Famedays , please email [email protected], or visit .
All trademarks of the property of respective owners.
ON BEHALF OF THE BOARD
Alen Paul Silverrstieen
President & CEO
(818) 850-2490
[email protected]
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.
Forward-Looking Information and Statements
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FAQ
What is the value of the contract ImagineAR (IPNFF) secured for the Niagara Falls immersive center?
How will IPNFF generate recurring revenue from the Niagara Falls immersive center project?
What technologies will be featured in IPNFF's Niagara Falls immersive entertainment center?
What is the projected market growth for immersive technology that IPNFF is targeting?
What expansion plans does IPNFF have beyond the initial Niagara Falls immersive center?
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