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[ Mon, Sep 28th 2009
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[ Mon, Sep 28th 2009
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[ Mon, Sep 28th 2009
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iseemedia provides business update on its RealBiz360 subsidiary
RealBiz360 Business Model Focused on Recurring Revenue Strategy RealBiz360 is executing a three-pronged strategy to grow profitable and recurring revenues: 1. The RealBiz360 business model is focused on achieving broad distribution of its immersive imaging solution through licensing arrangements with key leading real estate organizations and their franchisors which allow their agents and brokers to access more advanced immersive virtual tour services for a nominal fee. All imaging and other online marketing tools are available as a 'pay as you go' or monthly subscription service. 2. The company also 'co-labels' its virtual tour solution suite with other online service providers to real estate and other markets and shares licensing revenues as generated by the third-parties. 3. The company also licenses its virtual tour technology to camera manufacturers to embed its basic 360 degree photo stitching functionality to create instant real estate panoramic tours. Digital cameras from leading manufactures ship this capability onboard which allows agents to get into virtual tours easily without any training. The company is paid a royalty per camera shipped from manufacturing.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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