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Stereo Vision Seeks Replacement for Kimbo Slice in Kung Fu U Project

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 due to a misunderstanding among the agents involved with the Kimbo Slice deal, Stereo Vision is retracting the press release announcing that Kimbo Slice was to co-star in Stereo Vision's Kung Fu U 3D movie. Stereo Vision will therefore be seeking a suitable replacement for that role.

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.