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Microcap & Penny Stocks : NVEI (Was NVXE) - New Visual Entertainment Inc.
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To: SurfCa2 who wrote (2)10/30/1996 11:50:00 AM
From: Claudia Benson   of 2211
 
LOS ANGELES--(BUSINESS WIRE)--Oct. 30, 1996--New Visual

Entertainment Inc. (NASDAQ/BBS:NVXE) reports that BDO Siedman, LLP

of Los Angeles has completed an audited review for the nine month

period ended July 31, 1996.

The review declares the company's current asset base of

$6 million, up from just over $400,000 in the previous period. The

company is currently in the process of filing reporting form 10SB to

be completed prior to Oct. 31, 1996 and anticipates a NASDAQ

smallcap application subsequent to the 10SB.

New Visual Entertainment is a development-stage 3D production

company that has jointly developed a proprietary dual element single

lens camera system for the creation and exhibition of holographic

3-dimensional media (H3D). This revolutionary technology, known as

the New Visual Experience (NVX), allows for cost-effective, high

quality production and projection of spectacular, holographic 3D
tol 10/30/96 11:34 AM TD53:362 Current News Database

cn: prev: /

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imagery for traditional multi-plex theater centers as well as New

Visual's own location-based entertainment (LBE) centers.

Additionally, the company brings the New Visual Experience (NVX)

into the home by utilizing a low cost viewing system that allows

worldwide viewing of H3D content on any home television or computer

via cable, broadcast, video, or CD-ROM.

For further information regarding New Visual Entertainment call

800/377-9370 or e-mail New Visual Entertainment at 3d@siliwood.com.



--30--LES/la* TJM/la

Claudia

















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