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StereoVision Entertainment Inc. (OTCBB: SVSN, http://www.stereovision.com), a film production company focused exclusively on developing low cost, high-quality, next generation polarized 3-D films, believes the success of weekend box office champ Beowulf illustrates the tremendous growth potential in the 3-D film industry. According to Monday’s edition of The Hollywood Reporter, 3-D and IMAX screens playing Beowulf contributed disproportionately to the film’s total $27.5 million three-day weekend box office gross. Beowulf was shown this weekend in a total of 3,153 theaters with 850, or 20% of total screens, projecting the film in 3-D. Proving moviegoers demand for 3-D content, those screens contributed 40% of the film’s weekend gross. Those engagements include 84 IMAX screens, which contributed almost $3.65 million to the total take, representing a whopping $42,619 per screen average. “Beowulf’s opening weekend box office numbers resonate very strongly for all involved with StereoVision,” said Jack Honour, Chief Executive Officer of StereoVision. “After several years of stagnant box office sales in theaters, audiences are hungry for a unique cinematic movie-going experience. Box office numbers prove 3-D is bringing people back into movie theaters. StereoVision is uniquely positioned as a pure-play developer and producer of 3-D films. We concentrate on providing the content that is and will continue to be in demand by both audiences and theaters alike. Our independent 3-D film production company model expects to capitalize on the excitement surrounding this incredible new format.” Charlotte Jones, Screen Digest Global Film and Cinema Analyst, stated: “The economic incentives for both distributors to provide more 3-D content and exhibitors to upgrade their theater systems are now clear. A high-quality, varied slate of 3-D-only content will be a major incentive for exhibitors to achieve by 2009 our projected count of six thousand 3-D screens worldwide.” Jones is the author of the first major industry study on 3-D cinema, entitled, “The Business Case For Digital 3-D Cinema Exhibition.” 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 theaters 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 three years ago. Led by a management team that includes Chairman and Chief Production Officer Doug Schwartz, creator and executive producer of Baywatch, the world’s most watched television series in history, StereoVision intends to produce and distribute twelve to fifteen 3-D feature films over the next five years. Capitalizing on long-standing studio relationships, StereoVision is uniquely positioned to be a significant player in the motion picture industry’s 3-D future. 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.
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