Frontera Group took over IP technology from Intellimedia Network

Intellimedia Networks, Inc., a Los Angeles, CA based on immersive solutions technology, today announced that a portion of its intellectual property has been acquired by Frontera Group, Inc. (OTC Pink: FRTG) (“Frontera” or “the Company”), a Dallas, TX technology-focused strategic acquirer of revenue-generating companies and intellectual property (IP), as part of its multi-pronged strategy to complete further acquisitions from Intellimedia’s suite of technology solutions.

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

Intellimedia Networks has developed and positioned several multi-million dollar IP assets focused on media, education and virtual event delivery technologies suitable for a variety of vertical markets. The intellectual property that Frontera has acquired includes immersive technologies using augmented reality, virtual reality and interactive experiences that open the door to innovative ways to leverage information sharing. This form of information sharing offers high-impact contextual experiences. The 70/20/10 model for learning and development emphasizes that people learn from work-related experiences because 70% of what people learn is experiential, compared to 20% learned from others and 10% by formal learning. FRTG’s acquisition of Intellimedia’s intellectual property positions FRTG as a “knowledge facilitator” supporting the “70%” of the experiential part of learning.

“Intellimedia is excited about this merger and acquisition because our products and solutions are a perfect fit for the value creation opportunity presented by Frontera. I am confident that our world-class solutions will continue to deliver exceptional value to customers, employees and shareholders,” said Darshan Sedanipresident and co-founder of Intellimedia Networks.

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“Our acquisition of the Intellimedia Networks intellectual property puts Frontera at the forefront of the metaverse world of augmented reality, virtual reality and interactive worlds that are poised to generate significant revenue in training and technology applications. multimedia. Frontera will help expand a new mode of knowledge sharing using proven ROI technologies,” said Mr. Andrew DeLunaCPA, MBA, Interim CEO, CFO and Vice President of FRTG.

“We look forward to the growth and entry into new markets that the acquisition of Frontera enables,” said Theodros Gessesse, CEO and co-founder of Intellimedia. “Our primary focus of developing platforms that provide knowledge and contextual information to our clients in media, training and virtual event delivery will be greatly enhanced as part of the Frontera Group.”

Frontera’s acquisition of the Intellimedia Networks intellectual property provides FRTG with access to a large market for accelerated entry into a NASDAQ listing. “We have a strategy of acquiring and investing in companies that represent the next wave of new technologies, with a focus on applications that markets need and are ready to deliver.” to buy,” said Mr. Mann Yam, Chairman of the Board of FRTG. “Intellimedia Networks owns the intellectual property to enable us to generate new and recurring revenue streams across multiple vertical markets.”

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