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StereoVision Gives Shareholder's Management and Acquisitions Update

LAS VEGAS, NV / ACCESSWIRE / July 17, 2015 / StereoVision Entertainment Inc., a publicly traded Nevada corporation. (SVSN) updates shareholders on management and acquisitions. Mr. Everett Jolly has resigned as StereoVision's CEO, President, and StereoVision founder and former CEO and Chairman, Jack Honour has been named CEO, President, and Director with immediate effect. StereoVision and UPTICK have agreed to unwind StereoVision's acquisition of 49% of UPTICK Newswire.

"We have a great deal of respect for Everett Jolly," stated StereoVision's CEO Jack Honour. "After the practical application of our plan we came to realize that in the long term StereoVision's acquisition of UPTICK Newswire would not be the most productive path for either company so we've amicably agreed to unwind our CEO and UPTICK acquisition deal with him. The fifteen million shares paid for 49% of UPTICK are being returned to the treasury and we're square. StereoVision has made arrangements to outsource the marketing for the financing of our film projects and will continue to work with Everett and UPTICK whenever possible."

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.

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.

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.

SOURCE: StereoVision Entertainment Inc.