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Location: UFOUpDatesList.Com > 1997 > Nov > Nov 25

Two New And Exciting TV Specials

From: Stig_Agermose@online.pol.dk (Stig Agermose)
Date: Tue, 25 Nov 1997 02:30:26 +0200
Fwd Date: Tue, 25 Nov 1997 02:44:00 -0500
Subject: Two New And Exciting TV Specials


>From the PRNewswire:


New Visual Entertainment Signs Agreement To Co-Produce Reality-Based TV
Programming
06:30 a.m. Nov 24, 1997 Eastern


SAN DIEGO, Nov. 24 /PRNewswire/ -_ New Visual Entertainment (OTC
BULLETIN BOARD: NVXE) is pleased to announce it has completed an
agreement with Reel Images, LLC to co-produce two reality-based TV
specials centered around the physical evidence of extra-terrestrial
existence and NASA's film and video archives. Additionally, New Visual,
Reel Images and its broadcast company, Seven Star Entertainment, plan
to work together to create from the NASA archives an NVX 3D product for
special venue distribution.

The Company reports that it will co-produce and share in the revenue
generated from distribution of 26 episodes of programming that will be
sold to foreign and domestic markets. The first two episodes, which
have already received a tremendous amount of interest overseas, have
booked pre-sales and are projected to gross just over $4 million per
episode over the next 18 months. The three-way agreement stipulates
that New Visual will maintain a 40% revenue share for each of the
episodes and the Company anticipates receipt of revenues from foreign
pre-sales by year end 1997.

Former CBS producer, and now executive producer and president at Seven
Star Entertainment, Chris Wyatt, will lead the "flat," 2D production
effort. Wyatt previously produced the highly successful programs "Day
and Date" and "UFO's Above and Beyond" while at CBS. Seven Star
Entertainment has been granted open access to NASA film and video
archives, a distinction held by no one in the world prior. This access
to the vault revealed much highly classified footage never before seen
by the public.

The majority of the creative process will be performed at the Seven
Star and Reel Images facilities in Encino, California, which includes
advanced state-of-the-art digital editing and a complete audio
composition studio. The alliance between New Visual, Seven Star, and
Reel Images makes the process of producing the program virtually
painless, as nearly all phases will be done in house. In a measure that
illustrates the confidence that Reel Image, LLC has in the future of
New Visual, it has acquired a significant amount of New Visual's stock,
from the nvxe pool of shares outstanding.

"We consider ourselves very fortunate to be a part of such an enormous
project as this one," New Visual CEO Ray Willenberg, Jr.
enthusiastically states. "I think this is one of those instances where
being in the right place at the right time really makes the difference.
When we began working with Barry L. Brewer, Reel Images' founder and
CFO, we knew it was an intelligent move in order to help us accomplish
our goals in our business plan, but we had no idea it would lead to
this," he adds. "We expect this project to significantly and
immediately change our position in the industry, while at the same
time, potentially create an avenue for diversification," he concludes.

New Visual Entertainment, Inc. is a true stereo 3D production company
that specializes in 3D product development and distribution for home
video, broadcast, and theatrical markets by utilizing proprietary
technology for the creation and exhibition of 3-dimensional media.

Reel Images is a production and distribution house positioned to create
high quality Television and Film productions, TV Commercials, TV
series, high- end motion picture 3D animation and visual effects.
SOURCE New Visual Entertainment


Copyright 1997, PR Newswire



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