Urbanimmersive Inc. (TSXV:UI) announced a workforce reduction and a review of its strategic alternatives available. The Company has not made any decisions regarding its strategic alternatives at this time, and there is no guarantee that the review of its strategic alternatives will result in any specific favorable outcome. Urbanimmersive cautions that securing additional financing may not be possible, and revenue growth and expense reduction strategies may not be successful.

The Company does not plan to provide further updates on this review process unless required by applicable securities laws.