CHEYENNE, WY, and CARSON CITY, NV / October 2, 2015 / 3D
Entertainment Holdings, Inc., a Wyoming Corporation, dba 3D Eye Solutions Inc.
(OTCPINKSHEETS: TDEY)
Today the company announces the completion of its internal investigation
relating to debt, notes and common shares distributed by previous management.
We are pleased to announce the following as a result of this exhaustive
investigation and resulting actions.
1. The Company will retire approximately one million dollars in debt held by
note holders.
2. The Company will retire approximately one billion eight hundred million
common shares securing various notes that have been retired.
3. The Company will immediately
submit the necessary documents to retire the H Share with the Wyoming SOS.
4. The Company will create a restricted preferred L Series share. This share
will have a redeemed value of 1-100 and be restricted for 90 days from issue.
Further these shares have a 10% trickle clause restricting the sale of more
than 10% a month or 10% of daily market volume. We have negotiated these
Restricted Preferred L Series shares to replace all debt and notes from
previous management. We will issue approximately Three Million L Shares to
retire the debt and notes.
5. The Company has reached agreements of total and complete discharge, of any
and all claims, from all previous officers, directors and note holders. Further
The Company has been indemnified and held harmless for any and all undisclosed
debt or notes.
6. The company will also file the above with OTC Markets as a Material
Event/Shareholder Update in 8k format under Filings and Disclosure
section.
"The Company invested the time and
resources needed to absolutely and with finality, get control of all debt and
notes from previous management. This was a significant effort and the results
exceeded my expectations. TDEY can move forward in a much cleaner and defined
investor environment."
Kent Linduff, Chairman TDEY
For more information contact: investorrelations@oakrivertech.com