YDreams Global Interactive Technologies Inc. (TSX-V: YD) (FSE: APY) (“YDreams Global” or the “Company”), a creative and technical supplier for Fortune 500 brands such as Cisco, Qualcomm, Intel, and Coca-Cola, as well as recently being invited as a member of the prestigious VR/AR Association would like to announce that it has signed an MOU with CRTV International Media (Beijing) Company Ltd (CRTV).
Under the MOU, YDreams and CRTV are collaborating to develop virtual reality/ viewer immersion entertainment projects that will be centered within the movie and entertainment industry. CRTV owns 76 cinemas and has affiliations with 2000 theatres and cinemas in China.
Daniel Japiassu, director of YDreams, stated “We are very pleased to have entered into this MOU with a highly regarded Chinese state owned company such as CRTV. They have deep and wide reaching ties within the Chinese entertainment community and we look forward to building a mutually beneficial relationship.”