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Stereo Vision Closes Worldwide Rights/First Look Deal with CPT Holdings for the Family Fun Feature Film ''Booty 3D''
LOS ANGELES-(Business Wire)-February 13, 2008 - 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 has completed a license/first right of refusal distribution agreement with CPT Holdings, Inc. (a Sony Pictures Television service mark) for the worldwide theatrical and television feature film rights to the script of Booty, for the production of the family fun pirate movie, Booty 3D.
Stereo Vision's Chief Executive Officer, Jack Honour stated, "We're very happy to have the opportunity to produce the Booty 3D feature film. This is a great deal for Stereo Vision. As part of the agreement, SVE has been granted worldwide theatrical, television, and DVD rights to the Booty 3D movie. This will aid tremendously in our efforts to generate foreign pre-sales. Stereo Vision's Chairman, Baywatch creator Doug Schwartz, has been developing the Booty property for several years, and he knows that it's been my favorite for development into a 3D feature film. Booty co-creator, Jim Byrkit, has been working for the last five and a half years with Jerry Bruckheimer and Gore Verbinski as Conceptual and Creative Consultant on all three Pirates of the Caribbean movies. Producer Jerry Bruckheimer and director Gore Verbinski personally selected Jim Byrkit to write and direct the new Pirates of the Caribbean short movie that is a 'bonus feature' on the Pirates of the Caribbean World's End DVD."
Stereo Vision's Chairman Doug Schwartz added, "Booty 3D is a frolicking family fun film about eight women who get kidnapped by a crew of cutthroat pirates. Upon arriving at the pirates' island hideout, they turn the tables when they snatch the pirates' ship filled with all their booty. A chase across the high seas ensues that rivals 'Thelma and Louise' as the desperate band of pirates attempts, by hook or by crook, to track down their treasure laden galleon, and the crafty wenches that tricked them out of it. This is a movie about female empowerment, a true David and Goliath tale with a twist. Booty 3D is to be filmed on the South Seas paradise island of Fiji, in state-of-the-art digital 3D. It will be filled with blue skies, spectacular South Pacific scenery, beautiful women, and despicable pirates. Booty 3D is the kind of film that will be fun for the whole family."
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. These risks and uncertainties are described in greater detail in the reports that we file with the Securities and Exchange Commission. While we may elect to update these forward-looking statements publicly at some point in the future, we specifically disclaim any obligation to do so, whether as a result of new information, future events or otherwise.
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