posted
''Horrorween'' Goes 3-D with Stereo Vision Friday March 30, 9:00 am ET
LOS ANGELES--(BUSINESS WIRE)--STEREO VISION ENTERTAINMENT INC. (OTCBB:SVSN - News) announced today that they have joined forces with Adirondack International Pictures, Inc. (AIP) to produce "Horrorween 3-D". "Horrorween" (www.horrorween.com) has a fully funded production budget of $10,000,000.00 (source: www.imdb.com). Approximately $1,000,000.00 has been spent to-date on pre-production. The deal calls for Stereo Vision to provide its 3-D film production team, and be the lead theatrical 3-D distributor. Stereo Vision's principal partner "Baywatch" co-creator Doug Schwartz, has been appointed Executive Producer. Stereo Vision is to receive 50% of the net earnings of "Horrorween 3-D." ADVERTISEMENT
Stereo Vision's Chief Executive Officer, Jack Honour, stated, "We're thrilled to join Ed Meyer and his "Horrorween" crew including "Horrorween's" Director, Industry veteran Joe Estevez, and "Horrorween's" star, Chuck Lamb, the famous "Dead Body Guy", (www.deadbodyguy.com) for the metamorphosis of AIP's unique and innovative feature film "Horrorween", into the soon-to-be cult classic "Horrorween 3-D". With 3-D feature films being all the "Buzz" and getting recognition at the Industry's highest levels, the timing of "Horrorween 3-D" couldn't be better for the Stereo Vision shareholders."
About Stereo Vision:
Located in Van Nuys, California, Stereo Vision Entertainment is a publicly traded, vertically integrated media company, with interests in film, television, and music production properties. Stereo Vision's business is driven by the production and acquisition of cutting-edge entertainment media assets.
About Adirondack International Pictures, Inc.:
Located in Indian Lake, New York, Adirondack International Pictures, Inc., has been in the business of joint venture negative pickup deals for the financing and production of motion pictures. Current productions include feature films: "Horrorween" and "Jack Texas."
1995 Private Securities Act: Statements contained herein that are not historical are forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those expressed in forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance, and other risks detailed in Stereo Vision's filings with the SEC.
Contact: Stereo Vision Entertainment, Inc. Jack Honour, 512-608-8166 Email: info*stereovision.com
Stereo Vision's CEO to Purchase 500,000 SVSN Treasury Shares and Personally Pay Key Man Bonuses Monday April 2, 9:00 am ET
LOS ANGELES--(BUSINESS WIRE)--STEREO VISION ENTERTAINMENT, INC. (OTCBB:SVSN - News) announced today that its Chief Executive Officer, Jack Honour, has converted $150,000 of his audited cash loans to the Company, into 500,000 SVSN restricted shares at $.30 per share. Each of the following five Stereo Vision key men will receive 100,000 share bonuses personally from Honour. Baywatch co-creator and Stereo Vision's Head of Productions, Doug Schwartz. FilmCompletion's President, Ed Meyer, Stereo Vision Board of Directors member, Steve Curran, affiliate shareholder, Joe Bailey, and "Horroween 3-D" Co-Executive Producer, Randy Shelly. ADVERTISEMENT
Stereo Vision's principal financial advisor, Ted Botts, whose career in investment banking included thirteen years with Goldman Sachs, and twelve years with UBS, said, "This is yet another example of how Jack Honour has been working tirelessly on behalf of shareholders to build for the future. His early championing of the attraction of theatrical 3-D movies has now been embraced by the leading figures in Hollywood. His key man bonus idea exemplifies his willingness to sacrifice his own interests for the good of the Company. This will reward and continue to motivate some of Stereo Vision's most deserving key people, as well as help to further reduce the debt on Stereo Vision's balance sheet. In combination with other ongoing proactive measures the Company is undertaking, it expects that total debt outstanding will be reduced by 50% at the end of the current quarter." With the likes of Dreamworks, and Disney now trumpeting the arrival of theatrical 3-D, it looks like Jack Honour has Stereo Vision positioned in the right place, at the right time."
About Stereo Vision:
Located in Van Nuys, California, Stereo Vision Entertainment is a publicly traded, vertically integrated media company, with interests in film, television, and music production properties. Stereo Vision's business is driven by the production and acquisition of cutting-edge entertainment media assets.
Statements contained herein that are not historical are forward-looking statements subject to risks and uncertainties that could cause actual results to differ materially from those expressed in forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance, and other risks detailed in Stereo Vision's filings with the SEC.
Contact: Stereo Vision Entertainment Jack Honour, 512-608-8166 info*stereovision.com
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
