StereoVision and J/V Partner Inspirational Vision Media Adjust Strategy on the Acquisition of Dorothy of Oz LLC and Emerald City of Oz LLC
(firmenpresse) - LAS VEGAS, NV -- (Marketwired) -- 04/28/16 -- StereoVision Entertainment Inc. (SVE), a publicly traded Nevada corporation (OTC PINK: SVSN), announced today that they and their J/V partner Inspirational Vision Media Inc., (IVM) a Nevada C corporation, are adjusting their strategy as to the acquisitions of the Dorothy of Oz LLC and Emerald City of Oz LLC.
"We believe the Legends of Oz - ''Dorothy Returns'' animated feature film produced by Alpine Pictures in association with Emerald City of Oz LLC and Dorothy of Oz LLC is a fantastic 3D movie," stated StereoVision''s CEO Jack Honour. "We at StereoVision would very much like to see ''Dorothy Returns'' be given a fair opportunity to receive the recognition it deserves and we will continue to work towards that end. After substantive discussions, the SVE and IVM management teams decided that it is in the best interest of the SVE and IVM shareholders to adjust our strategy to acquiring individual members interests in the Dorothy of Oz LLC and Emerald City of Oz LLC in a fair and equitable manner, instead of acquiring outright the Dorothy of Oz LLC and Emerald City of Oz LLC which own ''Dorothy Returns''."
() a Nevada C corporation whose purpose is to bring together StereoVision, and the prime assets of Alpine Pictures Inc., Dorothy of Oz LLC, Emerald City of Oz LLC, and Star Guardian LLC under the umbrella of the to be publicly traded company, Inspirational Vision Media Inc.
. () headquartered in Las Vegas, Nevada, StereoVision Entertainment is a publicly traded Nevada corporation focused on creating, acquiring, and producing multimedia content. SVE is generating a wide variety of IP''s and technologies for the many existing and emerging content distribution platforms.
() A StereoVision subsidiary. Founded in 1987, the 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 broadcast graphics, titles, and 3D animation and is a pioneer in the development of graphical user interface (GUI). REZN8''s produced content for among others NBC, ABC, CBS Sports, Fox, HBO, VH-1, UFC, and Showtime. REZN8''s been a Microsoft primary outside design source for graphical user interface, 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.
StereoVision Entertainment Inc.
Herky Williams
702-337-4326
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Datum: 28.04.2016 - 08:36 Uhr
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