February 22, 2004 (10:05am): StereoVision Press Release
February 19, 2004 - 9:00 PM
[StereoVision Entertainment, Inc.]
StereoVision Entertainment, GRB Entertainment, David McLane And Jeanie Buss Unveil WOW - Women Of Wrestling, A New Joint Venture Which Will Culminate With An All-New Television Series Featuring The WOW Women
LOS ANGELES - February 19, 2004 - StereoVision Entertainment, Inc (OTCBB: SVSN), GRB Entertainment, David McLane, CEO of WOW Events and Jeanie Buss of the LA Lakers have teamed together to unveil WOW - Women Of Wrestling, a new joint venture that will culminate with an all-new television series featuring the WOW women. Production is set to commence this summer.
Additionally, StereoVision Entertainment announced that it has reached an agreement for a multi-year, exlusve distribution agreement with GRB Entertainment, Inc ("GRB") for WOW and its proprietary entertainment content to network, cable, and syndication television audiences worldwide. Through this agreement, StereoVision intends to continue to achieve its goal in creating and maximizing value for its shareholders by leveraging GRB to build its WOW Events property in key media markets worldwide.
WOW Events' CEO David McLane, said "The GRB distribution agreement will provide tremendous reach for our WOW property, enabling us to capture a global audience while providing other fantastic opportunities including the marketing and licensing of branded merchandise. Given GRB's standing as one of the industry's preeminent producers and distributors of reality programming, WOW is now positioned to expand its television coverage beyond that of live events, to creating reality programming featuring its wrestling stars and related properties." Currently, GRB is set to launch the reality production, Next Action Star, for NBC.
"WOW is an exciting property with worldwide growth potential," said Gary Benz, the founder and CEO of GRB. "We have closely examined the marketplace and feel WOW is an uptapped programming source for a ore audience that is looking for new powerful, modern stars with diverse interests and qualities that make for good action and reality programming."
This distribution agreement servces as a cornerstone for WOW EVents LLC's world-class management team to execute its business lan in addressing the $500 million annual market opportunity for live wrestling event attendance, event programming, licensing and branding in the U.S. alone.
About WOW Events, LLC
WOW Events, LLC, an equally owned joint venture between StereoVision Entertainment, Inc. and David McLane Enterprises, Inc., is engaged in the development, production and marketing of live professional events featuring top female wrestling personalities marketed under the name WOW-Women Of Wrestling. These events are also taped for worldwide broadcast, pay-per-view, video and live-action Internet distribution.
About GRB Entertainment, Inc.
GRB Entertainment (www.grbtv.com) is an established global trendsetter of unscripted alternative and reality-based programming internationally. The Company's proven track record includes programming for leading networks such as ITV and Channel 4 (U.K.), Canal+ Group, and TF1 (France), Global and Life Network (Canada), RTL Group and ProSeiben (Canada), Fuji-TV Network, Inc. and TBS Inc.(Japan), Nine Network and Fox (Australia), Televisa (Mexico) and ABC, Inc., NBC Inc. and USA Networks, Inc., (U.S.).
About StereoVision Entertainment, Inc.
Located in Van Nuys, Calif., StereoVision Entertainment Inc. is a vertically integrated media company with interests in film, television, and music production properties. StereoVision's business is driven through the production and acquisition of cutting-edge entertainment media assets.
1995 Private Securities Act: Statements in this press release that are not historical facts including statements about plans or expectations regarding the business or opportunities, demand and acceptance of new and existing businesses, capital resources, and future financial conditions, are forward looking.
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