Business
StereoVision Entertainment Inc. Provides Shareholder Update Regarding New Medical Cannabis Subsidiary in Puerto Rico
StereoVision Entertainment Inc. Provides Shareholder Update Regarding New Medical Cannabis Subsidiary in Puerto Rico.
About this update from Stereo Vision Entertainment, Inc.
[{"type":"text","content":"\n \n \n StereoVision Entertainment Inc. Provides Shareholder Update Regarding New Medical Cannabis Subsidiary in Puerto Rico\n \n \nStereoVision Entertainment Inc. Provides Shareholder Update Regarding New Medical Cannabis Subsidiary in Puerto Rico\n \n LAS VEGAS, NV--(Marketwired - Aug 18, 2016) - StereoVision Entertainment Inc. (OTC PINK: SVSN) a publicly traded Nevada corporation provides shareholder update on new Puerto Rico medical cannabis subsidiary.\n \"Due to the launch of our new venture in Puerto Rico, we've been hearing from shareholders inquiring as to whether StereoVision's (SVE) core business of developing multimedia content is changing,\" said SVE's CEO Jack Honour. \"It is not. We launched our medical cannabis company in Puerto Rico to enhance shareholder value and better enable us to fund our slate of movies.\"\n \"Currently,\" Honour continued, \"With every available resource we are pursuing any and all funding opportunities available for our inspirational film, 'Three Dimensions Of Jerusalem' led by producer Aaron Norris of Norris Brothers Entertainment and our Academy Award winning screenwriter Pamela Wallace, our extreme sports 3D feature 'Gonzo 3 Double D' with our production partner 'Baywatch' Executive Producer and co-creator Michael Berk, who is also our production partner and screenwriter on our female empowerment 3D creature feature 'Aubrey Blaze Gates of Hell' set to be filmed in Puerto Rico. In addition, our agent is making the rounds with movie distributors representing the Company in the sale or licensing of our recently acquired movie library of 11 feature films.\"\n Honour added, \"In collaboration with Inspirational Vision Media's (IVM) management we are representing to the Industry, including major studios and TV networks, our interest in making a deal with IVM's 9 book series Legends of Oz, by Roger S. Baum. We continue to build IVM's proprietary database of accredited investors for our plan to take IVM public. We've structured IVM per the guidance of SEC Auditors and SEC Counsel and are proceeding accordingly.\"\n \"With the U.S. Federal court recently giving a major victory to the medical cannabis industry, http://time.com/4455098/medical-marijuana-justice-department-courts/ management believes the timing and team are right for our medical cannabis joint venture in Puerto Rico, GreenV...