July 28, 2008
Lawrence Biggs Named Stereo Vision’s CEO and President With Immediate Effect
Stereo Vision Entertainment, Inc. (OTCBB:SVSN), a film production company focused exclusively on developing high quality, low cost, polarized 3D feature films, announced today that Lawrence Biggs has been named Chief Executive Officer and President with immediate effect. He also joins the Board of Directors. Stereo Vision's former CEO and President, and control shareholder, Jack Honour, has been named Principal Executive Producer over all productions, and has been signed to a new three-year contract.
Jack Honour stated, "I have known and respected Larry Biggs for ten years. He has been a highly successful entrepreneur and public company CEO, and I am excited about the prospect of our working together. He has founded and taken multiple companies from start-up to profitability including Spectrum Communications and Voxcom Communications during a 20 year career as CEO. He has been successful in attracting significant multi-million debt and equity investments in the companies where he has served as CEO. As CEO of MaxInternet, he was successful in listing the company on the NASDAQ exchange and growing it to a significant market capitalization. Larry will be focused on developing the company's strategic plan and communicating it to the market while I will be devoting all of my energy to putting a quality product in the theatres. It's a great time to be in the 3D movie business."
Chairman of the Board, Doug Schwartz, stated, "The Board enthusiastically approved the hiring of Larry Biggs as President and CEO because of his strong track record in managing and funding private and public companies. We're delighted to bring him into the Stereo Vision family and look forward to working with him. The 3D revolution is in full swing and we believe Larry can help the Company capitalize on it."
Stereo Vision's Chief Executive Officer, Lawrence Biggs, stated, "I'm excited to join the team at Stereo Vision. This is a great opportunity and I believe my experience in public and private companies will serve me well in my new position. Stereo Vision is perfectly positioned to capitalize on the emerging 3-D film industry. I'm impressed with the team of industry experts Jack Honour has assembled and I believe I will work well with them. I'm looking forward to bringing the message of the Stereo Vision opportunity to the capital markets."
About Stereo Vision
Located in Van Nuys, California, Stereo Vision Entertainment www.stereovision.com is a film production company focused exclusively on high quality, low cost, next generation 3D feature films. Responding to the incredible growth of digital projection 3D theater system worldwide, and the exploding demand for polarized 3D feature films, Stereo Vision has been developing an exciting slate of commercial 3D feature films. Led by a management team that includes Chairman and Chief Production Officer Douglas Schwartz, creator and executive producer of "Baywatch," the world's most watched television series in history, and Chief Financial Officer, Goldman Sachs veteran Theodore Botts, Stereo Vision intends to produce and release at least fifteen 3D feature films over the next 5 years. Capitalizing on its long-standing studio relationships, Stereo Vision is uniquely positioned to be a significant player in future of the 3D motion picture industry.
This press release may contain forward-looking statements that involve risks and uncertainties, including statements regarding business strategy and development plans, plans for entering into new businesses, anticipated sources and uses of funds and other statements regarding our plans, objectives, expectations and intentions that are not historical facts.