Business, Free News Articles

Intellimedia Network’s Immersive Technology IP Acquired by Frontera Group

LOS ANGELES, Calif. -- Intellimedia Networks, Inc., a Los Angeles, California based immersive solutions technology company, today announced that certain of its IP has been acquired by Frontera Group, Inc. (OTC Pink: FRTG) ("Frontera" or "the Company"), a Dallas, Texas based technology-focused strategic acquirer of revenue-generating companies and intellectual property (IP), as part of its multi-part strategy to make further acquisitions from Intellimedia's suite of technology solutions.

This acquisition provides Frontera Group with a cutting-edge mix of media technology, learning platforms, and virtual event broadcasting technologies, positioning FRTG at the forefront of a new wave of immersive technology-powered content for a wide array of customers.

Intellimedia Networks has developed and positioned several multi-million-dollar IP assets focused on media, education, and virtual event broadcasting technologies suited for a variety of market verticals. The IP that Frontera has acquired includes immersive technologies using AR, VR, and interactive experiences that open doors to innovative ways to leverage information-sharing. This form of information sharing provides high-impact, context-sensitive experiences.

The 70/20/10 model for learning and development highlights that people learn from job-related experiences, as 70 percent of what people learn is experiential, compared with 20% learned from others and 10% through formal learning. FRTG's acquisition of Intellimedia's IP positions FRTG as a "knowledge enabler" supporting the "70%" of the experiential portion of learning.

"Intellimedia is thrilled with this M&A as our products and solutions are an ideal fit with the value-creation opportunity presented by Frontera. I believe our world-class solutions will continue to deliver exceptional value to customers, employees, and shareholders," said Darshan Sedani, President, and Co-founder of Intellimedia Networks.

"Our acquisition of Intellimedia Networks' IP places Frontera at the leading edge of the metaverse world of augmented reality, virtual reality, and interactive worlds that are poised to generate significant revenue in training and media technology applications. Frontera will participate in expanding a new mode of knowledge-sharing utilizing ROI-proven technologies," said Mr. Andrew De Luna, CPA, MBA, Interim Chief Executive Officer, Chief Financial Officer, and Vice Chairman of FRTG.

"We look forward to the growth and entry into new markets that the Frontera acquisition enables," said Teodros Gessesse, CEO and Co-founder of Intellimedia. "Our primary focus of developing platforms that deliver context-sensitive knowledge and information to our customers in media, training, and virtual event broadcasting will be greatly enhanced as a part of the Frontera Group."

Frontera's acquisition of Intellimedia Networks' IP provides FRTG with access to a broad market play for an accelerated entry into a NASDAQ listing. "We have a strategy to acquire and invest in companies that are the next wave of new technologies with a keen focus on applications that markets require and are ready to buy," said Mr. Mann Yam, Chairman of the Board of FRTG. "Intellimedia Networks has the intellectual property to get us into new and recurring revenue streams across several vertical markets."

About Frontera Group:

Frontera Group is a strategic acquirer of intellectual property and revenue-generating companies in the technology and human capital markets. It is developing and executing an aggressive, four-tier acquisition and implementation strategy intended to provide substantial increases in profitability to its acquisitions in industries which possess traditionally low and stagnant EBITDA multiples. The Company has identified and is currently pursuing several revenue-generating acquisition targets.

For further information, please visit Frontera's website at https://frtgtech.com/.

About Intellimedia Networks:

Intellimedia Networks is a US and India-based technology company that designs and deploys cloud platforms and applications that create immersive experiences. Intellimedia's award-winning products utilize AR, VR, and AI to enhance media, training, education, virtual event broadcasting, real estate, and other applications. For further information, please visit Intellimedia Networks' website at https://intellimedianetworks.com/.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

The statements contained in this news release which are not historical facts may be "forward-looking statements" that involve risks and uncertainties which could cause actual results to differ materially from those currently anticipated. For example, statements that describe eFRTG's hopes, plans, objectives, goals, intentions, or expectations are forward-looking statements. The forward-looking statements made herein are only made as of the date of this news release. Numerous factors, many of which are beyond FRTG's control, will affect actual Results. FRTG undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances. This news release should be read in conjunction with FRTG's most recent financial reports and other filings posted with the OTC Markets and/or the U. S. Securities and Exchange Commission by FRTG.

Intellimedia Networks Press Contact

press@intellimedianetworks.com

Related link: https://intellimedianetworks.com/

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Awards and Honors, Business, Entertainment, Free News Articles, Product Launches, Software

IntelliMedia Networks’ HoloPort and Mixie shortlisted for 2019 NAB Show Product of the Year Awards

LAS VEGAS, Nev. -- Leading Cloud video solutions provider IntelliMedia Networks’ (NAB 2019 Booth SU 8924) two products have been shortlisted for 2019 NAB Show Product of the Year Awards. The Los Angeles based media-tech company delivers personalized video experiences across all screens and has proven track record in video management, publishing, analytics, and monetization. It has been providing enterprise media solutions to many Fortune 500 companies, OTT providers, SMBs, government agencies.

This year’s it product launches include, Holoport and Mixie, to provide enterprise VR solutions and for live streaming with real-time graphic overlays. Both have been shortlisted for the coveted award. IntelliMedia is also showcasing AI solutions for video content.

Launching this year at NAB

Holoport:
One of its Award nominated products, Holoport, is a hyper reality streaming solution that provides customized high impact immersive training and visualization applications.

It also lets users experience 360-degree walkthroughs with integrated AR elements. A user can experience volumetric video within this virtual environment. From hyper-realistic graphics that respond to user's presence to specialized audio that lets one hear sounds from multiple directions, Holoport facilitates it all!

This product can be utilized for 3D visualization & asset creation; 2D and 3D animation; Photogrammetry; 360-degree video; 3D modeling and texturing; Real-time VFX Environment scanning among a host of other applications.

This solution is extremely useful for event organizers, sports leagues, broadcasters, education and businesses.

Mixie:
It is a live encoding app (iOS) with real-time graphics overlay, which facilitates streaming of professional quality live videos simultaneously on multiple platforms. Mixie helps the new content creators with a simpler and quicker solution to publish their stories.

This product is highly recommended for sports and live event broadcasting like consumer broadcasting for social media. It's a must for organizers of the events to broadcast graduations, seminars and keynote addresses, corporate presentations, announcements and sales communications, faith-based event broadcasting and special services.

Video AI:
This is a real-time image recognition software for videos that recognizes every frame and extracts intelligent insights. Video AI can process video in real-time to recognize objects, faces, emotions, expressions, gender, converting speech to text, video metadata extraction, custom tagging workflow to name a few areas that it’s powerful AI is capable of.

This product is highly useful in the areas of security and surveillance, media and entertainment, enterprise broadcasts, corporate training and education.

About IntelliMedia:
IntelliMedia Networks, Inc is a U.S. based company committed to the delivery of world-class media delivery solutions for its customers worldwide. It has a proven track record of delivering quality solutions on time and within budget.

A highly flexible and service-oriented company, IntelliMedia has registered an average annual growth rate of over 90 percent. Darshan Sedani (President) and Teodros Gessesse (CEO) are the founders.

More information: https://intellimedianetworks.com/

VIDEO (YouTube):
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