Stereo Vision Gets Sony's Go Ahead for 'Booty'

Stereo Vision Gets Sony's Go Ahead for 'Booty'

HOLLYWOOD, Calif., Dec. 12, 2011 /PRNewswire/ -- Stereo Vision Entertainment Inc. (PINKSHEETS:SVSN) announced today that after it having been on hiatus with the 'Booty' feature film project while Sony Pictures Television Inc completed the details of its agreement with the 'Booty' screenwriters. With that now done, Stereo Vision's been given the go ahead by Sony Business Affairs to proceed with the feature film production of 'Booty' in 3D.

"We're very excited to be able to get back to work full song on the 'Booty' property," stated Stereo Vision's CEO Jack Honour. "During the hiatus we've been working on story revisions and lining up some top talent. As previously announced, having a First Look distribution deal with Sony certainly elevates the stature of the 'Booty' project, which we all believe is going to be a great moneymaker."

'Booty' is an authentic pirate's epic about eight women who get kidnapped by pirates who whereupon arriving at the pirate's Caribbean lair turn the tables when they snatch the pirates' treasure laden galleon filled with all their loot. A chase ensues that rivals 'Thelma and Louise' as the desperate band of cutthroats try to steal back their ill begotten Booty. This is a story of female empowerment. A true David and Goliath saga on the high seas. Created by 'Pirates of the Caribbean' conceptual genius James Byrkit and his brilliant team of screenwriters, this action packed adventure story with a twist is sure to appeal to both the domestic and international film markets. (See the 'Booty' trailer at http://stereovision.com)

"To complement our film production efforts and add shareholder value," continued Honour, "the Company acquired the 9 time Emmy Award winning 3D animation company REZN8, and signed the founder and CEO of REZN8, Paul Sidlo, to a five year REZN8 CEO deal. Therefore the production of 'Booty' will enable us to both deploy our own in house award winning 3D technology and production capabilities and provide more work for REZN8."

"Additionally during the hiatus, Puerto Rico, which is where 'Booty' is to be filmed, upped its film producer's potential 40% of the budget tax credits from $15,000,000 per year, to $350,000,000 per year. Stereo Vision's Vice Chairman, Puerto Rico's esteemed former two term governor and two term US Congressman Carlos Romero Barcelo, is our liaison with the Puerto Rican film commission, and our attorney of record in Puerto Rico is Antonio Sifre. Antonio authored Puerto Rico's film producer's legislation, so we can be sure that the Company's getting the proper guidance there going forward."

REZN8 - Since 1987 the nine time Emmy Award winning Hollywood based REZN8 (http://rezn8.com) has been instrumental in developing the media vision for a broad spectrum of domestic and international clients across a wide range of platforms including broadcast, film, Internet, wireless, and video games. REZN8 is an acknowledged leader in 3D broadcast graphics and animation, and is a pioneer in the design and development of graphical user interfaces (GUI). REZN8 has developed identity packages for NBC, ABC, CBS Sports, Entertainment Tonight, Fox, HBO, VH-1, Sci-Fi Channel, and Showtime. REZN8 has also been one of Microsoft's primary outside design sources for graphical user interface (GUI) including GUI design and development for Microsoft XBOX, MSN 9 & 10, Microsoft Home Media Center, Microsoft Windows XP, and Microsoft's Home of the Future.

Stereo Vision Entertainment Inc. - (http://stereovision.com) Stereo Vision Entertainment is a publicly traded company whose business is driven by the acquisition, development, and production of cutting edge 3D media assets. Responding to the exponential growth of demand for 3D content, Stereo Vision is developing and marketing a wide variety of 3D content and associated technologies, for these rapidly expanding markets.

Safe Harbor Statement: Except for historical information, this news release may contain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, as amended.

Contact: Jack Honour 818-326-6018 info@stereovision.com

SOURCE Stereo Vision Entertainment Inc.

Stereo Vision Entertainment Inc.

Web Site: http://stereovision.com

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