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Message #2
From: NewsBot
Date: December 14, 2007 09:47:33 AM

SVSN, StereoVision Announces Deal with Capitol Films

StereoVision Gets Three Picture Distribution Deal with Capitol Films
 
StereoVision Entertainment, Inc. (OTCBB: SVSN, http://www.stereovision.com), a film production company focused exclusively on developing low cost, high-quality, polarized 3-D feature films, announced today that a multimillion dollar, three picture distribution agreement has been made with Capitol Films Limited.

StereoVision’s founder and Chief Executive Office Jack Honour stated: “We’re very pleased to have the opportunity to work with David Bergstein and Capitol Films. David has gone the extra mile in providing StereoVision with this valuable opportunity. Having a quality distributor like Capitol Films in place allows us to negotiate the best possible terms for the financing of StereoVision’s slate of movies.”

Capitol Films Chairman David Bergstein added: “We believe the timing is perfect to exploit StereoVision’s theatrical 3-D movie model. There is going to be an exponentially growing demand for theatrical 3-D movie content, and we’re happy to work with StereoVision towards their becoming a leading supplier of that content.”

About Capitol Films

Capitol Films is an international film production, financing, and sales company. Founded in 1989, Capitol Films has distributed more than 100 feature films and continues to increase its library by 5 to 10 films a year. Credits include Robert Altman’s “A Prairie Home Companion,” the third Altman movie in a row to be handled by Capitol after “Gosford Park”, and “The Company.” Capitol Films’ library of more than 100 titles includes “Drowning Mona,” “Simple Men,” and more recently, the critically acclaimed hit “Alpha Dog” with Justin Timberlake. For more information, please visit www.capitolfilms.com.

About StereoVision

Located in Van Nuys, California, StereoVision Entertainment Inc. is a film production company focused exclusively on low-cost, high-quality, next generation 3-D feature films. Responding to the incredible growth of digital projection 3-D theater system worldwide, and the exploding demand for polarized 3-D feature films, StereoVision has been developing an exciting slate of commercial 3-D feature films, since its founding seven years ago. 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, StereoVision intends to produce and release at least fifteen 3-D feature films over the next 5 years. Capitalizing on its long-standing studio relationships, StereoVision is uniquely positioned to be a significant player in future of the 3-D motion picture industry. For more information, please visit www.stereovision.com.

Safe Harbor Statement

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. Our actual results, performance or achievements may vary materially from those expressed or implied in any forward-looking statements. All forward-looking statements reflect our beliefs and expectations as of the date of this press release and should not be relied upon as representing our views as of any subsequent date. 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.

The Investor Relations Group of New York:
Investor Relations:
Michael Crawford, 212-825-3210
mcrawford@investorrelationsgroup.com
or
Laura Colontrelle, 212-825-3210
lcolontrelle@investorrelationsgroup.com

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