Image Metrics, Inc. announces an Equity Buyback for 22,000,000 shares, representing 29% for $22 million.
March 09, 2018 at 05:07 pm EST
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Image Metrics, Inc. (OTCPK:IMGX) announces a share repurchase program. Under the program, the company will repurchase up to 22,000,000 shares, representing 29% of its outstanding shares for $22 million. The company intends to repurchase shares directly from each of its investors. The program will be valid up to August 31, 2018.
Image Metrics, Inc. is a provider of computer vision and machine learning for face and body. The Company, through its algorithms create custom augmented reality experiences for brands. It delivers easy-to-used software to digital media, consumer electronics, interactive entertainment, and other software companies. The Company's algorithms make the recognition and real-time animation of nuanced expressions and emotion possible with a camera on a laptop, tablet, or smartphone. Its technologies can be integrated into computers, tablets, smartphones, interactive television, and other digital devices. The Company offers a range of technology, including real-time three-dimensional (3D) body tracking. The Companyâs technology includes cosmetics virtual try on (VTO), body augmented reality (AR), eyewear virtual try on and social face AR. The Company offers real-time two-dimensional (2D), and 3D body tracking for mobile devices for both iOS and Android.
IMAGE METRICS, INC. 
