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Microcap & Penny Stocks : NVEI (Was NVXE) - New Visual Entertainment Inc. -- Ignore unavailable to you. Want to Upgrade?

To: purecntry5 who wrote (1523)	7/29/1999 10:04:00 AM
From: poorboy	Respond to of 2211

Thursday July 29, 8:31 am Eastern Time Company Press Release SOURCE: New Visual Entertainment, Inc. New Visual Entertainment Completes 'Miss International Hawaiian Tropics '99' Production, Sells Worldwide Rights to C3D Digital SAN DIEGO, July 29 /PRNewswire/ -- New Visual Entertainment, Inc. (OTC Bulletin Board: NVXE - news) is pleased to announce that it has completed principal photography and post production of the ''Miss International Hawaiian Tropics '99'', shot entirely in NVX 3D and sold to the world's first digital satellite 3D channel, C-3D. The 30 minute short, filmed in Las Vegas in April of this year, captures exotic swimsuit models from all over the world in ultra-rich off-screen glamour. Each year the Tropicana Hotel, in conjunction with Hawaiian Tropics, hosts this highly publicized and anticipated event. New Visual originally filmed test footage during last year's event and developed multiple strategic relations at a number of levels, culminating with this featurette and other ventures to follow. Earlier this year, C-3D Digital, Inc. launched the world's first television network to exclusively offer 3D programming to satellite dish owners, cable TV subscribers and pay-per-view lodging guests. The channel, called IC3D Network, broadcasts on the C-band an array of sports and live events as well as entertaining movies in full stereoscopic 3D to a vast satellite footprint that covers all 50 states. The worldwide distribution agreement with C-3D is the second such deal with the company as New Visual continues to supply stereoscopic content to their unprecedented satellite 3D platform. Earlier this year, New Visual also licensed their popular and most frequently viewed ''Edge of Reality'' extreme sports film, which will soon see additional Home Video distribution through C-3D's Television and Internet marketing programs. As anticipated, the company reports revenues in excess of $200,000 for the first two quarters of 1999 with multiple production opportunities in development. The Company also reports that its long-awaited funding negotiations are progressing to the satisfaction of its Chief Executive Officer, Ray Willenberg, Jr., who states, ''We're in a good place right now, feeling confident that our continued revenues and demand for 3D content will ultimately help us complete the growth capital financing we've been working to secure for sometime.'' New Visual Entertainment, Inc. is a true stereoscopic 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. Safe Harbor Statement under the 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 products markets, variations in the Company's cash flow, market acceptance risks, technical development risks, seasonality and other risk factors detailed in the Company's Securities and Exchange Commission filings. SOURCE: New Visual Entertainment, Inc. More Quotes and News: New Visual Entertainment Inc (OTC BB:NVXE - news) Related News Categories: entertainment, internet