3D Entertainment Production Company Makes Acquisition

Van Nuys-based Stereo Vision Entertainment Inc. has agreed to fully acquire Hollywood-based REZN8 Productions Inc., the local company announced. Stereo Vision Entertainment produces and delivers digital 3D entertainment content, and REZN8 specializes in motion graphics, animation and user interface design and implementation. The acquisition price is 20 million restricted common shares. Going forward, REZN8 will serve as a Stereo Vision Entertainment wholly-owned subsidiary. REZN8’s founder Paul Sidlo will serve as the subsidiary’s CEO. “I am excited to enter this new phase in the emerging Stereo 3D market,” Sidlo said. “I believe this technology will transform the media experience in all areas of visual communication.” Sidlo and his partner, Robert S. Block, agreed to non-compete agreements in exchange for Stereo Vision options, which will be capitalized on the Stereo Vision balance sheet. REZN8’s assets consist of computer hardware and software, media and entertainment content, ongoing contracts, industry relationships and trade secrets. The Hollywood company also owns an interest in two spin-off companies, which consists of 18 percent ownership interest in Instant Effects, which has developed real-time stereo 3D technology, and a small minority ownership in EMN8. Some of REZN8’s clients include Microsoft, Sony, Intel, Disney, Paramount, ABC, CNN, HBO and other high-profile companies. REZN8 has won nine Emmy awards and other industry awards. Through the acquisition, Stereo Vision will become the owner of REZN8’s new production pipeline technology that is designed to significantly reduce production costs. Stereo Vision Entertainment CEO Jack Honour said the acquisition is a boost for the Van Nuys-based company. “We’ve made a terrific marriage of companies,” Honour said. “The REZN8 acquisition will bring the company added resources and talent that will greatly improve production quality and lower the cost of our 3D productions. REZN8’s world-class cutting edge commercial 3D applications will further broaden management’s opportunities to enhance shareholder value.” REZN8’s body of work has been used for events and projects such as the Super Bowl, the Academy Awards, Sony’s “Digital Dream Kids” and NASCAR’s “Fast Forward.” Jessica Vernabe