Lawrence Biggs Named Stereo Vision's CEO and President with Immediate Effect
LOS ANGELES--(BUSINESS WIRE)--Stereo Vision Entertainment, Inc.
(OTCBB:SVSN - News), 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.
