Stereo Vision and REZN8 Agree to New Buyout Deal – Sign 9 Time Emmy Award Winning Paul Sidlo to Five Year REZN8 CEO Deal
HOLLYWOOD, Calif., Nov. 7, 2011 /PRNewswire/ — Stereo Vision Entertainment Inc. (PINKSHEETS: SVSN) announced today that a new acquisition agreement has been reached for the buyout of REZN8, and Paul Sidlo, REZN8′s founder and driving force, has been signed to a five year contract as REZN8′s CEO. Robert S. Block will remain REZN8′s Chairman of the Board.
Stereo Vision’s CEO Jack Honour stated, “In these fast paced economic times, Stereo Vision’s management very much appreciates REZN8 partners Robert S. Block, and Paul Sidlo’s willingness to, as indicated in the Company’s 10/25/2011 SEC 8k filing, work expeditiously with us in completing this new agreement, which we all believe will best serve the interests of the Stereo Vision shareholders.”
REZN8 – Since 1987 the nine time Emmy Award-winning Hollywood based REZN8 (http://rezn8.com) has been instrumental in 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, MSN 9 & 10, Microsoft Home Media Center, Microsoft Windows XP, and Microsoft’s Home of the Future.
Stereo Vision Entertainment Inc. – (http://stereovision.com) Stereo Vision Entertainment is a publicly traded company whose business is driven by the acquisition, development, and production of cutting edge 3D media assets. Responding to the current exponential growth of demand for 3D content, Stereo Vision is developing a wide variety of 3D content and technologies for these rapidly expanding markets.
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 Stereo Vision Entertainment Inc.