LAS VEGAS, NV--(Marketwired - Aug 18, 2016) - StereoVision Entertainment Inc. (
"Due to the launch of our new venture in Puerto Rico, we've been hearing from shareholders inquiring as to whether StereoVision's (SVE) core business of developing multimedia content is changing," said SVE's CEO Jack Honour. "It is not. We launched our medical cannabis company in Puerto Rico to enhance shareholder value and better enable us to fund our slate of movies."
"Currently," Honour continued, "With every available resource we are pursuing any and all funding opportunities available for our inspirational film, 'Three Dimensions Of Jerusalem' led by producer Aaron Norris of Norris Brothers Entertainment and our Academy Award winning screenwriter Pamela Wallace, our extreme sports 3D feature 'Gonzo 3 Double D' with our production partner 'Baywatch' Executive Producer and co-creator Michael Berk, who is also our production partner and screenwriter on our female empowerment 3D creature feature 'Aubrey Blaze Gates of Hell' set to be filmed in Puerto Rico. In addition, our agent is making the rounds with movie distributors representing the Company in the sale or licensing of our recently acquired movie library of 11 feature films."
Honour added, "In collaboration with Inspirational Vision Media's (IVM) management we are representing to the Industry, including major studios and TV networks, our interest in making a deal with IVM's 9 book series Legends of Oz, by Roger S. Baum. We continue to build IVM's proprietary database of accredited investors for our plan to take IVM public. We've structured IVM per the guidance of SEC Auditors and SEC Counsel and are proceeding accordingly."
"With the U.S. Federal court recently giving a major victory to the medical cannabis industry, http://time.com/4455098/medical-marijuana-justice-department-courts/ management believes the timing and team are right for our medical cannabis joint venture in Puerto Rico, GreenVision Systems (GVS)," Honour concluded. "Upon success, this venture could propel the fundraising efforts for all of our projects. With GVS we are looking to bring in a seasoned management group as our operating partner with a record of success in the medical cannabis industry so upon completion of film financings, SVE's management can focus fully on producing and releasing our movies. Through SVE's General Counsel and SEC Attorney we plan to file a $5mil S-1 registration statement for GVS which would make it one of a handful of Puerto Rico companies publicly traded in the U.S. The $5mil from the S-1 will fund the construction and equipping of our planned state of the art cannabis cultivation and medical cannabis manufacturing facility in Puerto Rico and GNA for year one operations. We've received interest regarding GreenVision Systems from a number of medical cannabis funding sources."
StereoVision Entertainment Inc. (http://stereovision.com) headquartered in Las Vegas, SVE is a publicly traded Nevada corporation focused on creating, acquiring, and producing multimedia content, and the medical marijuana industry. SVE is generating a wide variety of Intellectual Properties and technologies for the many existing and emerging content distribution platforms, and is aggressively pursuing licensing in Puerto Rico for the legal cultivation, manufacturing, and transportation of cannabis products and on our state of the art medical cannabis facility through our jointly owned Puerto Rico subsidiary company GreenVision Systems LLC.
Inspirational Vision Media Inc. (http://ivmi.biz) A StereoVision majority owned subsidiary. Based in Las Vegas, IVM is a Nevada C corp. whose purpose is to bring together a diversified portfolio of prime media assets, state of the art technologies, and in-house project funding capabilities under the umbrella of the to be publicly traded company, Inspirational Vision Media.
REZN8 (http://rezn8.com/) A StereoVision wholly owned subsidiary. Founded in L.A. in 1987, the 9 time Emmy Award winning REZN8 and its Founder Paul Sidlo are 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, 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, UFC, and Showtime. REZN8's been a Microsoft primary design source for GUI on 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, Section 21E of the Securities Exchange Act of 1934 as amended.