LOS ANGELES, Calif., April 29, 2022 (Ship2Press NEWSWIRE) — Intellimedia Networks, Inc., a Los Angeles, California based immersive methods engineering organization, today announced that particular of its IP has been obtained by Frontera Team, Inc. (OTC Pink: FRTG) (“Frontera” or “the Company”), a Dallas, Texas dependent technologies-focused strategic acquirer of profits-producing organizations and mental residence (IP), as aspect of its multi-component technique to make additional acquisitions from Intellimedia’s suite of technologies alternatives.
This acquisition gives Frontera Team with a chopping-edge blend of media technology, understanding platforms, and virtual party broadcasting technologies, positioning FRTG at the forefront of a new wave of immersive technological innovation-run articles for a wide array of customers.
Intellimedia Networks has produced and positioned many multi-million-greenback IP belongings concentrated on media, instruction, and digital function broadcasting technologies suited for a selection of market place verticals. The IP that Frontera has obtained contains immersive technologies making use of AR, VR, and interactive activities that open up doorways to ground breaking approaches to leverage facts-sharing. This variety of information sharing delivers high-impression, context-sensitive ordeals.
The 70/20/10 model for learning and development highlights that people today find out from task-related experiences, as 70 % of what individuals master is experiential, when compared with 20% realized from some others and 10% via official discovering. FRTG’s acquisition of Intellimedia’s IP positions FRTG as a “knowledge enabler” supporting the “70%” of the experiential portion of studying.
“Intellimedia is thrilled with this M&A as our solutions and answers are an excellent fit with the price-development opportunity offered by Frontera. I think our planet-class alternatives will keep on to produce remarkable value to prospects, workforce, and shareholders,” reported Darshan Sedani, President, and Co-founder of Intellimedia Networks.
“Our acquisition of Intellimedia Networks’ IP sites Frontera at the foremost edge of the metaverse earth of augmented fact, virtual actuality, and interactive worlds that are poised to generate sizeable earnings in instruction and media know-how apps. Frontera will participate in expanding a new mode of information-sharing employing ROI-tested technologies,” reported Mr. Andrew De Luna, CPA, MBA, Interim Main Govt Officer, Main Monetary Officer, and Vice Chairman of FRTG.
“We glimpse ahead to the progress and entry into new marketplaces that the Frontera acquisition allows,” mentioned Teodros Gessesse, CEO and Co-founder of Intellimedia. “Our major focus of acquiring platforms that produce context-delicate expertise and information to our consumers in media, instruction, and digital event broadcasting will be drastically improved as a part of the Frontera Group.”
Frontera’s acquisition of Intellimedia Networks’ IP gives FRTG with obtain to a wide marketplace participate in for an accelerated entry into a NASDAQ listing. “We have a technique to acquire and spend in companies that are the subsequent wave of new systems with a keen target on apps that markets need and are completely ready to get,” explained Mr. Mann Yam, Chairman of the Board of FRTG. “Intellimedia Networks has the mental assets to get us into new and recurring income streams throughout various vertical markets.”
About Frontera Team:
Frontera Group is a strategic acquirer of intellectual home and income-creating firms in the technologies and human capital markets. It is creating and executing an intense, four-tier acquisition and implementation approach intended to supply considerable raises in profitability to its acquisitions in industries which possess usually minimal and stagnant EBITDA multiples. The Business has determined and is presently pursuing numerous profits-making acquisition targets.
For even more information, remember to check out Frontera’s internet site at https://frtgtech.com/.
About Intellimedia Networks:
Intellimedia Networks is a US and India-based know-how corporation that designs and deploys cloud platforms and apps that build immersive experiences. Intellimedia’s award-profitable items employ AR, VR, and AI to enhance media, teaching, instruction, virtual function broadcasting, serious estate, and other applications.
For further more info, please visit Intellimedia Networks’ web page at https://intellimedianetworks.com/.
Secure Harbor Assertion under the Personal Securities Litigation Reform Act of 1995
The statements contained in this information release which are not historic details may be “forward-looking statements” that contain threats and uncertainties which could lead to real results to vary materially from those at this time anticipated. For example, statements that describe eFRTG’s hopes, options, objectives, aims, intentions, or anticipations are ahead-hunting statements. The forward-looking statements built herein are only created as of the date of this information release. Many factors, a lot of of which are outside of FRTG’s management, will have an affect on real Effects. FRTG undertakes no obligation to publicly update such forward-searching statements to replicate subsequent functions or situations. This information release should really be read through in conjunction with FRTG’s most latest economical stories and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Fee by FRTG.
MEDIA Speak to:
Intellimedia Networks Press Contact
Information Supply: IntelliMedia Networks
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