Fantasy 360 Technologies Secures LOI to Supply Two UNCONTAINED VR Attraction Units For a New Las Vegas Mixed Use Entertainment Center
December 09, 2021 at 07:45 am EST
Fantasy 360 Technologies Inc. d/b/a Immersive Tech announced it has executed a non-binding letter of intent on December 6, 2021 (the LOI) with a leading immersive entertainment company for the production and sale of two UNCONTAINED standalone virtual reality VR attraction units, for a proposed new mixed use entertainment facility being planned for the Las Vegas strip. Pursuant to the terms of the LOI, the Company will be responsible to engineer, acquire materials, fabricate transport and assist with the installation for two (2) 40 foot units. The LOI may be terminated by either party and is subject to negotiation of any custom modifications to the VR units and negotiation of a definitive agreement (the Definitive Agreement) within 30 days to secure priority production and delivery timing.