NEWS OUT!
(COMTEX) NEW VISUAL ENTERTAINMENT TO ACQUIRE DUKE FILM CORP.
NEW VISUAL ENTERTAINMENT TO ACQUIRE DUKE FILM CORP.
LOS ANGELES, June 1 /PRNewswire/ -- New Visual Entertainment, Inc. (OTC
Bulletin Board: NVXE) is pleased to announce it has completed an
agreement with Rick Ducommun and Duke Film Corp. for the acquisition of
Duke Film Corp. and its properties, which includes multiple contracts,
literary properties, and many T.V. and movie projects in development.
Additionally, the company reports that it will add Rick Ducommun to the
New Visual Entertainment board of directors in order to add more
entertainment experience and creative management to the New Visual
team. Ducommun is a writer/actor/comedian whose television appearances
include Late Night With David Letterman, The Tonight Show, N.Y.P.D.
Blue and others too numerous to mention. His big screen appearances
include "The Burbs," with Tom Hanks, "Ground Hog Day," "Die Hard,"
"Hunt For Red October," and many others.
The agreement calls for an all-encompassing first look deal to create,
finance, develop, produce and distribute for all venues including
television, theatrical, pay per view, and live presentations, both
traditional and 3D.
Duke Film Corp. has produced award-nominated television shows including
two specials for HBO. Ducommun has development pacts with NBC,
Tristar/Columbia, ABC and Paramount to name a few.
"While making a deal with New Visual to write and direct a 3D, youth-
oriented action comedy, I became impressed with the company's
management," states Ducommun. "I truly believe their unique 3D process
will change forever the way visual entertainment viewed. The surface
has not yet been scratched," he continues.
"Rick's creative energy and experience adds a very exciting new element
to the New Visual Team", adds Ray Willenberg, Jr., President/CEO of New
Visual. "Rick's knowledge of the entertainment industry and his
extensive show business connections bode very well for the company's
future", he concludes.
The company not only participates in future Duke Film projects, but
will also exploit contracts made prior to this ageeement, including a
deal to develop an animated series with King World at a yet to be named
network as well as, video, pay per view, and syndication sales of
material in the Duke library.
Duke and Ducommun will also add their expertise to New Visual Film
productions including the currently in pre-production Belize Barrier
Reef and an exciting 3D portrayal of Nasa's Greatest Accomplishments.
New Visual Entertainment, Inc. is a true stereo 3D 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
3-dimensional media.
SOURCE New Visual Entertainment, Inc.
-0- 06/01/98 /CONTACT: New Visual
Entertainment, 888-639-8478, nvxe@newvisual.com/
(NVXE)
CO: New Visual Entertainment, Inc.; Duke Film Corp. ST: California
IN: ENT SU: TNM
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