Stereo Vision Entertainment Forms SVE Studios Puerto Rico
LOS ANGELES--(BUSINESS WIRE)--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 it is forming a wholly
owned subsidiary named SVE Studios Puerto Rico. Andres Romero-Barcelo,
52, son of the Honorable Carlos Romero-Barcelo, Puerto Rico's former
Governor, U.S. Congressman, and Stereo Vision Board member, has
been appointed President with immediate effect.
Stereo Vision's Chief Executive Officer, Jack Honour, stated, "We're
forming SVE Studios P.R. because with a wholly owned Puerto Rican
company we can better capitalize on the many incentives provided to film
producers by the Puerto Rican government. Puerto Rico's
diverse topography will also allow us to produce virtually any kind of
movie. From a wild west ghost story, to a pirate's movie on the high
seas, Puerto Rico has it all. Working with Puerto Rico's already strong
film production community, SVE Studios P.R.'s business mission is to
develop the infrastructure necessary to take a film from
pre-production, through principal photography, and then wrap post
production on the island. This will allow us to circumvent the high cost
of working with the studios and unions in Hollywood, and bring in
additional revenue by being a one stop shop for other production
companies coming to Puerto Rico. We expect this to be the beginning of a
permanent Stereo Vision presence in Puerto Rico."
About Stereo Vision
Located in Van Nuys, California, Stereo Vision Entertainment Inc. (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 for
several years, 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 our 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. Because these forward-looking statements involve risks and
uncertainties, actual results could differ materially from those
discussed in this press release.
