LAS VEGAS, NV / ACCESSWIRE / July 17, 2015 / StereoVision Entertainment Inc., a publicly traded Nevada corporation. (OTC: SVSN) updates shareholders on management and acquisitions. Mr. Everett Jolly has resigned as StereoVision's CEO, President, and StereoVision founder and former CEO and Chairman, Jack Honour has been named CEO, President, and Director with immediate effect. StereoVision and UPTICK have agreed to unwind StereoVision's acquisition of 49% of UPTICK Newswire.
"We have a great deal of respect for Everett Jolly," stated StereoVision's CEO Jack Honour. "After the practical application of our plan we came to realize that in the long term StereoVision's acquisition of UPTICK Newswire would not be the most productive path for either company so we've amicably agreed to unwind our CEO and UPTICK acquisition deal with him. The fifteen million shares paid for 49% of UPTICK are being returned to the treasury and we're square. StereoVision
has made arrangements to outsource the marketing for the financing of
our film projects and will continue to work with Everett and UPTICK whenever possible."
StereoVision Entertainment Inc. (http://stereovision.com) Headquartered in Las Vegas, Nevada, StereoVision Entertainment is a Nevada publicly traded company focused on the delivery of high-quality, low-cost 3D content. StereoVision's
business is driven by the creation, acquisition, and production of
cutting edge multimedia assets. Responding to the growing demand for 3D
content StereoVision is developing a
wide variety of 3D intellectual properties and technologies for the
continuously emerging multimedia content distribution platforms.
REZN8 (http://rezn8.com/) A StereoVision
wholly owned subsidiary. Founded in 1987, the Hollywood based 9 time
Emmy Award winning REZN8 is well known throughout the Industry for
developing the media vision for a broad spectrum of domestic and
international clients across a wide range of platforms including
broadcast, film, Internet, wireless, and video games. REZN8 is an
acknowledged leader in 3D broadcast graphics and animation and is a
pioneer in the design and development of graphical user interfaces.
(GUI) REZN8 has produced content for NBC, ABC, CBS Sports, Entertainment
Tonight, Fox, HBO, VH-1, Syfy Channel, the UFC, Showtime,
and numerous others. For many years REZN8's been a primary outside
design source for Microsoft's graphical user interface, (GUI) including
Microsoft Home Media Center, Microsoft Windows XP, Microsoft's Home of
the Future, and Microsoft XBOX.
Safe Harbor Statement: Except for historical
information, this news release may contain "forward-looking statements"
within the meaning of Section 27A of the Securities Act of 1933, and
Section 21E of the Securities Exchange Act of 1934 as amended.
SOURCE: StereoVision Entertainment Inc.