NVXE news release. another project under way
(COMTEX) B: NEW VISUAL ENTERTAINMENT TO OPEN NVX 3-D THEATER IN MESQU
B: NEW VISUAL ENTERTAINMENT TO OPEN NVX 3-D THEATER IN MESQUITE
LOS ANGELES, June 17 /PRNewswire/ -- New Visual Entertainment, Inc.
(OTC Bulletin Board: NVXE) is pleased to announce that Si Redd,
inventor of video poker and owner of the 1000 + room hotel and casino
"Si Redd's Oasis" in Mesquite, Nevada has provided initial funding to
develop an NVX Tru 3-D theater in Mesquite. While Si Redd has owned
the Oasis for many years, it's just recently that the development in
Mesquite has exploded around him. With thousands of homes completed,
thousands more under construction, and six casinos already in
operation, New Visual Entertainment feels very fortunate to have the
opportunity to develop the first 3-D theater in the area. New Visual
Entertainment's CEO, Ray Willenberg says, "Having a true living legend
such as Si Redd demonstrate his trust in us in this way, makes everyone
here at New Visual feel very proud."
For the continuing merger and acquisition strategy that New Visual has
embarked upon, Mesquite is a terrific location to bring together the
new partners in a working environment. Chris Condon along with
director Herb Lightman and his crew, currently in Belize under
production on our 3-D barrier reef film, Tim Kugland and STAR (ready to
deliver the worlds first simulcast closed circuit 3-D pay per view),
and Rick Ducommun who's preparing to kick off production of his 3-D
feature film, are all very excited about having another venue with
which to demonstrate our products and generate revenue.
New Visual Entertainment, Inc. is a true stereo 3-D production company
that specializes in 3D product development and distribution for special
venue theaters, home video broadcast, and theatrical markets by
utilizing patented technology for the creation and exhibition of
three-dimensional media.
Safe Harbor Statement under Private Securities Litigation Reform
Act of 1995: Statements in this news release looking forward in time
involve risks and uncertainties, including the risks associated with
the effect of changing economic conditions, trends in the product
markets, variations in the Company's cash flow, market acceptance
risks, technical development risks, seasonality, and other risk factors
detailed in the Company's Security and Exchange Commission filings.
SOURCE New Visual Entertainment, Inc.
-0- 06/17/98 /CONTACT: New Visual
Entertainment, 888-639-8478, nvxe@newvisual.com/
(NVXE)
CO: New Visual Entertainment, Inc. ST: California, Nevada IN: ENT
SU: PDT
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