LAS VEGAS, NV / ACCESSWIRE / May 27, 2015 / StereoVision Entertainment Inc., a publicly traded Nevada corporation (PINKSHEETS: SVSN), announced today it has acquired, in a stock for stock swap, 49% of UPTICK Newswire LLC. UPTICK Newswire is one of the Internet's fastest growing public capital markets news portals. UPTICK Newswire's CEO Everett Jolly has been named StereoVision's CEO/President and Board of Directors member with immediate effect, replacing StereoVision's former CEO/President Blain Burke and his company I-Vault, who along with Chief Investment Officer and Treasurer Leon Andrews has resigned. StereoVision's CFO Herky Williams has been named Treasurer, and Vice Chairman Eric Honour has been named Chief Information Officer and Secretary with immediate effect.
"We're very excited to be joining forces with UPTICK Newswire," stated StereoVision's Chief Information Officer Eric Honour. "As a seasoned and profitable revenue generating company with its public capital markets veteran CEO, Everett Jolly, it will add to StereoVision's bottom line and as a disseminator of capital markets news with a built in and rapidly expanding following, we will have an in-house resource to initiate our project financing's through. Such as the taking public as a BDC of StereoVision's wholly owned subsidiary REZN8, and the financing of our slate of films using the new Reg A and Reg D 506 rules as amended in the recently enacted JOBS Act."
"We believe we've made an excellent marriage of companies with core businesses that perfectly complement each other," added StereoVision's Chief Executive Officer Everett Jolly. "With our companies already up to speed with their products and services, we're hitting the ground running. We expect to continue our exponential growth in capturing an increasing market share in the dissemination of public capital markets news with UPTICK Newswire, the independent production of media content with StereoVision and our production LLC's, and the production, branding, and business development capabilities of our wholly owned subsidiary, REZN8."
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.
UPTICK Newswire, LLC (http://upticknewswire.com/) an Arizona Limited Liability Company was founded in 2012 when UPTICK Newswire's Founder and CEO Everett Jolly recognized a need regarding publicly traded company news releases actively reaching interested readers, and that while their news was going out on the wire, the public companies were missing out on sustained attention about their successes and products. UPTICK Newswire was created to bridge the gap between publicly traded companies and financial markets information consumers hungry for their news such as, boutique brokerage houses, editors, journalists, bloggers, and investors. Through UPTICK Newswire's 21st Century Newsroom they currently provide up to the minute public capital markets news with international syndication in Canada, Europe, Asia, and Australia, and 200+ unique news sources such as Yahoo Finance, NASDAQ, Reuters, Bloomberg, the New York Times, and the Wall Street Journal. With their 2,000+ boutique brokerage houses in the U.S. and Canada, 6,000+ opt in media contacts, 20,000+ opt in high net worth investors, and 24,000+ NADT opt in day traders and investors, UPTICK Newswire is one of the fastest growing international voices in the public capital markets news sector.
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.
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SOURCE: StereoVision Entertainment Inc.