VANCOUVER, British Columbia, Feb. 15, 2022 (GLOBE NEWSWIRE) -- XR Immersive Tech Inc. ("Immersive Tech", or the "Company") (CSE:VRAR) (FSE:79W) (OTCQB: FNTTF) is excited to announce the completion and unveiling of a custom mixed media escape experience for recognized magician Chris Ramsay. Ramsay has nearly 6 Million subscribers on YouTube alone and focuses his content around puzzles and magic. With well over 1 Billion video views on his YouTube channel, Chris Ramsay is one of the most popular social influencer magicians in the world.

See the highlight video here or for the full video visit Chris Ramsay's channel here.

The experience features XR Immersive Tech's proprietary Uncontained/OS automation platform to control a wide range of immersive props, turning an originally vacant room in Ramsay's studio into a futuristic hotel aboard a space station. The Unity game engine driven digital experience is integrated into multiple screens, reacting to Ramsay's progress throughout the experience. Set in the UNCONTAINED Deep Signal game universe, Ramsay is tasked with solving a series of puzzles and challenges in order to defeat an artificial intelligence named ACE—who has gone rogue.

Accompanying the release of the video is a limited edition at-home experience also designed by the XR Immersive Tech team. The experience features custom Ramsay cards, booklet and a mobile app escape experience which fans can purchase today from his online store. With over 30 videos featuring Ramsay, fans can play along while enjoying the exclusive video content with their very own at-home standalone experience to help Ramsay solve the mystery.

Ramsay says, "It was amazing working with the Immersive Tech team. They took a vague concept I had around my love of space and technology, and turned it into a complete adventure, with unique interactions and storytelling—right here in my studio. The at-home companion experience serves to give my fans an opportunity to experience some of that adventure for themselves."

Tim Bieber, CEO of the Company states, "We were thrilled to have been able to work with Chris on this unique project which took advantage of the company's attractions building experience and our Uncontained/OS control platform that our customers love for easily building next-gen immersive experiences."

The team behind XR Immersive Tech is a blend of accomplished executives coming together under CEO, Tim Bieber (BroadbandTV, CBS Interactive), Director of Franchise Development, Steven Dooner (The VOID, Walt Disney Imagineering, Universal Studios Japan), Kevin Williams (Walt Disney Imagineering, Spider Entertainment), Dan Burgar (VRAR Association President, Shape Immersive), Lance Priebe (co-founder Club Penguin, Disney Interactive) as well as board member Alvin Wang Graylin (HTC China President, Virtual Reality Venture Capital Alliance President).

On behalf of the Board of Directors

Tim Bieber, Director and Chief Executive Officer
XR Immersive Tech Inc.

For further information about XR Immersive Tech, please contact:

Contact - Tim Bieber
Email: investors@immersivetech.co
Telephone: +1-604-283-3029

ABOUT XR IMMERSIVE TECH

XR Immersive Tech is building the industry's premier location-based Metaverse Platform. Since 2016 the Company has been an industry leader in Social Entertainment, Virtual Reality (VR) and Augmented Reality (AR) entertainment attractions. With its Hardware Platform UNCONTAINED, its Software Platform Uncontained/OS and its growing network of over 300 VR operators through Synthesis VR, the Company helps its stakeholders build user experiences unmatched in realism, depth and immersion. The Company builds experiences on its platforms for some of the world's largest companies including: Intel, Bayer, Capital One, Scotia Bank, the US Food and Drug Administration, Allegiant Airlines and more.

FORWARD-LOOKING INFORMATION

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable securities laws. Such forward-looking statements may, without limitation, be preceded by, followed by, or include words such as "believes", "expects", "anticipates", "estimates", "intends", "plans", "continues", "project", "potential", "possible", "contemplate", "seek", "goal", or similar expressions, or may employ such future or conditional verbs as "may", "might", "will", "could", "should" or "would", or may otherwise be indicated as forward-looking statements by grammatical construction, phrasing or context. All statements other than statements of historical facts contained in this news release are forward-looking statements. Forward-looking information in this news release includes, without limitation, statements regarding benefits to users and creators for expansion of opportunities in the Metaverse, execution of business strategy, future performance and future growth, business prospects, the Company's expansion initiatives and pursuit of M&A activity, and other factors beyond the Company's control.

Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company's actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Forward-looking information is based on the reasonable assumptions, estimates, analysis and opinions of management made in light of its experience and perception of trends, current conditions and expected developments, and other factors that management believes are relevant and reasonable in the circumstances at the date such statements are made, including, but not limited to, such other assumptions presented in the Company's disclosure record. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein is qualified in its entirety by this cautionary statement, and XR Immersive Tech disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.

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