LOS ANGELES, April 29, 2022 /PRNewswire/ — Intellimedia Networks, Inc., a Los Angeles, CA based immersive methods technological innovation business, today announced that certain of its IP has been obtained by Frontera Team, Inc. (OTC Pink: FRTG) (“Frontera” or “the Enterprise”), a Dallas, Texas centered technology-focused strategic acquirer of income-building providers and mental house (IP), as portion of its multi-portion tactic to make additional acquisitions from Intellimedia’s suite of technological innovation alternatives. This acquisition gives Frontera Team with a cutting-edge mix of media technologies, mastering platforms, and virtual celebration broadcasting systems, positioning FRTG at the forefront of a new wave of immersive technological innovation-powered material for a broad array of buyers.
Intellimedia Networks has made and positioned various multi-million-dollar IP belongings targeted on media, education, and digital function broadcasting systems suited for a assortment of sector verticals. The IP that Frontera has obtained features immersive technologies utilizing AR, VR, and interactive encounters that open up doors to progressive methods to leverage details-sharing. This sort of facts sharing gives substantial-effects, context-delicate encounters. The 70/20/10 product for studying and advancement highlights that persons master from career-similar encounters, as 70 % of what persons learn is experiential, when compared with 20% learned from other individuals and 10% via formal studying. FRTG’s acquisition of Intellimedia’s IP positions FRTG as a “understanding enabler” supporting the “70%” of the experiential part of learning.
“Intellimedia is thrilled with this M&A as our merchandise and methods are an best match with the price-generation possibility offered by Frontera. I believe our entire world-course options will carry on to produce remarkable benefit to customers, workers, and shareholders,” stated Darshan Sedani, President, and Co-founder of Intellimedia Networks.
“Our acquisition of Intellimedia Networks’ IP areas Frontera at the leading edge of the metaverse entire world of augmented truth, digital truth, and interactive worlds that are poised to crank out considerable profits in instruction and media technological innovation apps. Frontera will take part in increasing a new method of know-how-sharing using ROI-confirmed systems,” said Mr. Andrew De Luna, CPA, MBA, Interim Main Government Officer, Main Economic Officer, and Vice Chairman of FRTG.
“We seem ahead to the expansion and entry into new markets that the Frontera acquisition enables,” reported Teodros Gessesse, CEO and Co-founder of Intellimedia. “Our major focus of developing platforms that deliver context-delicate awareness and information to our prospects in media, coaching, and digital function broadcasting will be drastically improved as a portion of the Frontera Team.”
Frontera’s acquisition of Intellimedia Networks’ IP gives FRTG with obtain to a wide sector participate in for an accelerated entry into a NASDAQ listing. “We have a technique to get and spend in businesses that are the next wave of new systems with a keen target on apps that marketplaces call for and are all set to get,” said Mr. Mann Yam, Chairman of the Board of FRTG. “Intellimedia Networks has the intellectual residence to get us into new and recurring revenue streams throughout several vertical markets.”
About Frontera Group
Frontera Group is a strategic acquirer of intellectual property and revenue-creating providers in the technology and human cash markets. It is creating and executing an aggressive, four-tier acquisition and implementation system meant to deliver significant raises in profitability to its acquisitions in industries which have customarily lower and stagnant EBITDA multiples. The Corporation has discovered and is presently pursuing a number of income-making acquisition targets.
For further details, please go to Frontera’s web site at https://frtgtech.com/.
About Intellimedia Networks
Intellimedia Networks is a US and India-based technological innovation company that layouts and deploys cloud platforms and applications that create immersive activities. Intellimedia’s award-successful products use AR, VR, and AI to boost media, schooling, education, virtual party broadcasting, serious estate, and other applications. For further details, please pay a visit to Intellimedia Networks’ internet site at https://intellimedianetworks.com/.
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