Stereo Vision Taking Public Wholly Owned Subsidiary REZN8 Inc.
HOLLYWOOD, Calif., Nov. 5, 2012 /PRNewswire/ -- Stereo Vision Entertainment Inc--(OTC: SVSN) announced today that management has notified counsel that the Board of Directors has elected to take public the Stereo Vision wholly owned subsidiary REZN8 Inc.
Stereo Vision's CEO Jack Honour stated, "The plan underwrites the expansion of REZN8's sales and marketing divisions, adds key management personnel, produces content, and strategically collaborates with the Company on R&D and the further development of our proprietary technology. Transitionally REZN8 will apply to be traded on the OTCBB. Ultimately we'd like to see REZN8 have a major exchange listing. As a publicly traded stock the value of Stereo Vision's controlling interest REZN8 shares will create a net tangible asset on the Stereo Vision balance sheet. REZN8 will also provide the Company with additional revenues and a joint venture partner for the funding of the Company's productions. During this process management is working with legal and accounting to bring Stereo Vision current."
REZN8 Inc. - (http://rezn8.com) Founded in 1987, the 9 time Emmy Award winning Hollywood based REZN8 is well known 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 developed identity packages for, NBC, ABC, CBS Sports, Entertainment Tonight, Fox, HBO, VH-1, Sci-Fi Channel, and Showtime. REZN8 has also been one of Microsoft's primary outside design sources for graphical user interface (GUI) including GUI design and development for Microsoft XBOX, Microsoft Home Media Center, Microsoft Windows XP, and Microsoft's Home of the Future.
Stereo Vision Entertainment Inc. – (http://stereovision.com) Founded in 1999, Stereo Vision is a publicly traded company whose business is driven by the acquisition, development, and production of cutting edge 3D media assets. Responding to the exponential growth of demand for 3D software and hardware, Stereo Vision is developing and marketing a wide variety of 3D content and the associated technologies for these rapidly expanding markets. (http://Facebook.com/TeamS3D)
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.
Contact: Jack Honour 818-326-6018 firstname.lastname@example.org
SOURCE Stereo Vision Entertainment Inc.