SVSN Stereo Vision Entertainment, Inc. featured news, full reports, and detailed charts
Stereo Vision Entertainment, Inc. (SVSN/SVSN.OB) Wrap Up:
Stereo Vision Entertainment, Inc. operates as a film production company with a focus on 3-D feature films. The company intends to produce and distribute 3-D feature films to capitalize on the mass distribution platform that is coming online. It seeks to produce new and existing feature films in 2-D and 3-D format for theatrical and direct to DVD release, as well as music albums. The company also focuses on licensing its films to the video gaming industry. Stereo Vision Entertainment was founded in 1999 and is based in Van Nuys, California.Stereo Vision Entertainment, Inc. (SVSN:OTC Bulletin Board Market)
Snapshot of Stereo Vision Entertainment, Inc. (SVSN)
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OPEN
$0.07
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PREVIOUS CLOSE
$0.07
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DAY HIGH
$0.07
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DAY LOW
$0.07
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52 WEEK HIGH
03/12/09 - $0.35
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52 WEEK LOW
04/2/09 - $0.03
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MARKET CAP
1.7M
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AVERAGE VOLUME 3 mo
16.5K
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DILUTED EPS TTM
--
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SHARES OUTSTANDING
24.2M
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SVSN Does Not Pay Dividends
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P/E TTM
NM
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SVSN Top Compensated Officers
Executives, Board Directors
Key developments for Stereo Vision Entertainment, Inc. (SVSN)
Stereo Vision Entertainment Inc. reported earnings results for the fiscal year ended June 30, 2009. The company reported net loss for the 2008-2009 fiscal year was $465,097, up from $1.33 million for the previous fiscal year. Earnings per share for the 2008-2009 fiscal year were $0.02, up/down from $0.06 for the previous fiscal year.
Stereo Vision Entertainment, Inc. filed its 10-K on October 13, 2009 for the period ending June 30, 2009. In this report its auditor, Robison, Hill & Co., gave an unqualified opinion expressing doubt that the company can continue as a going concern.
Stereo Vision Entertainment, Inc., in a filing with the Securities and Exchange Commission said that, the company might require approximately $1,500,000 over a period of 12 months to fund initial development of existing projects as well as operate the company. The company said, “In order to fund the actual production of a feature film, the Company estimates it will require approximately up to an additional $25,000,000 which it will obtain from a variety of sources including partner distributors, tax rebates for on site production in certain jurisdictions as well as debt and equity sources. The Company may attempt to arrange joint ventures with studios to facilitate the development of new movies. Although the Company has not yet commenced any formal capital raising efforts, the Company expects that any capital that it raises will be in the form of one or more debt or equity financings. However, there can be no assurances that the Company will be successful in raising any required capital on a timely basis and/or under acceptable terms and conditions.”
SVSN Competitors
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Industry Analysis
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| Price/Earnings | NM | Not Meaningful |
| Price/Sales | -- | Not Meaningful |
| Price/Book | NM | Not Meaningful |
| Price/Cash Flow | NM | Not Meaningful |
| TEV/Sales | -- | Not Meaningful |
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SVSN transactions
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More Recent News About Stereo Vision Entertainment, Inc.
More news for SVSN
STEREO VISION ENTERTAINMENT INC Financials
PERIOD ENDING30-Jun-0931-Mar-0931-Dec-0830-Sep-08Total Revenue - - - - Cost of Revenue247 - - - Gross Profit(247) - - - Operating ExpensesResearch Development - - - - Selling General and Administrative(117)114 100 151 Non Recurring - - - - Others - - - - Total Operating Expenses - - - - Operating Income or Loss(130)(114)(100)(151)Income from Continuing OperationsTotal Other Income/Expenses Net - - 0 138 Earnings Before Interest And Taxes(130)(114)(100)(13)Interest Expense30 22 32 22 Income Before Tax(160)(136)(132)(35)Income Tax Expense1 - - - Minority Interest - - - - Net Income From Continuing Ops(161)(136)(132)(35)Non-recurring EventsDiscontinued Operations - - - - Extraordinary Items - - - - Effect Of Accounting Changes - - - ...Click here to read the whole Article (external link)
STEREO VISION ENTERTAINMENT INC Files SEC form 10-K, Annual Report
ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS Plan of Operations - The following discussion should be read in conjunction with the Company's audited financial statements. SVEI intends to pursue opportunities in three product segments of the entertainment industry: Feature length 3-D and 2-D films for theatrical release Direct to DVD 3-D and 2-D films Licensing of Video Game rights StereoVision intends to be the only public company in Hollywood focused on developing a library of films using 3-D technology. The company intends to develop four new scripts for theatrical release and direct to DVD movies each year and will concentrate on the most popular genres including horror, visual thrillers, sci-fi CGI effect movies, comedies and family films. As a development stage company, SVEI has minimal historical operations, no revenues and negative cash flows. In order to satisfy cash requirements for SVEI's production and revenue goals, management must obtain working capital through either debt or equity financing which will lead to further dilution. The entertainment industry is an intensely competitive one, where price, service, location, and quality are critical factors. The Company has many established competitors, ranging from similar local single unit operations to large multi-national operations. The entertainment industry may be affected by changes in customer tastes, economic, and demographic trends. Factors such as inflation, increased supplies costs and the availability of suitable employees may adversely affect the entertainment industry in general and the Company in particular. In view of the Company's limited financial resources and management availability, the Company will continue to be at a significant competitive disadvantage vis-a-vis the Company's competitors. Results of Operations - There were no revenues from sales for the two years ended June 30, 2009 and 2008. SVEI has sustained a net loss of approximately $465,000 fo...Click here to read the whole Article (external link)
Stereo Vision Partners Up with the Wakabayashi Fund for Film Financings
LOS ANGELES--(BUSINESS WIRE)--Stereo Vision Entertainment, Inc. (OTCBB:SVSN - News), a film production company focused exclusively on producing high-quality, low-cost, polarized 3D feature films, announced today that an agreement had been reached making the private equity firm Wakabayashi Fund LLC, a principal partner in StereoVision. StereoVision's Chief Executive Officer Jack Honour stated, "This agreement with the Wakabayashi Fund expands our reach for capital from Wall Street to the Pacific Rim. With Wakabayashi Fund being a principal partner, their real upside is in the delivery of shareholder value. Having access to the Pacific Rim institutional money, where they're leading the way with 3D technology (Sony has predicted that 3D TV will be ‘in every home’ by the end of 2010) allows us the opportunity to procure institutional funding for our slate of 3D movies in a very favorable environment."About Wakabayashi Fund:Wakabayashi Fund LLC (http://wakabayashifund.com/) a private equity firm with offices ...Click here to read the whole Article (external link)
StereoVision XA Worldwide Agree To Mutual Release From Film Financing Deal
LOS ANGELES--(BUSINESS WIRE)--Stereo Vision Entertainment, Inc. (OTCBB:SVSN), a film production company focused exclusively on producing high-quality, low-cost, polarized 3D feature films, announced today that a mutual release from the previously announced StereoVision - XA Worldwide $33mil film financing deal has been agreed to. Stereo Vision's CEO, Jack Honour, stated, "We appreciate the efforts of everyone at XA Worldwide in working with us to try and secure financing for our feature film projects. Unfortunately, with the current economic conditions, to date, we've been unable to complete a satisfactory financing. While XA Worldwide will continue to try and surface film financing opportunities for StereoVision, this mutual release will clear the chain of title on our film properties for the other film financing opportunities that StereoVision’s been cultivating."About Stereo Vision:Located in Van Nuys, California, Stereo Vision Entertainment (www.stereovision.com) is a film production company focused exclusively on producing high-quality, low-cost, polarized, digital 3D entertainment content. Responding to the incredible growth of digital projection 3D theater systems worldwide, and the exploding demand for polarized 3D content, Stereo Vision has been developing an exciting slate of commercial 3D movies, and going forward, plans to become a leading su...Click here to read the whole Article (external link)
STEREO VISION ENTERTAINMENT INC Financials
Copyright © 2009 Yahoo! Inc. All rights reserved. Privacy Policy - Terms of Service - Copyright/IP Policy - Send Feedback Quotes delayed, except where indicated otherwise.Delay times are 15 mins for NASDAQ, 20 mins for NYSE and Amex. See also delay times for other exchanges.Fundamental company data provided by Capital IQ. Quotes and other information supplied by independent providers identified on the Yahoo! Finance partner page. Quotes are updated automatically, but will be turned off after 25 minutes of inactivity. Quotes are delayed at least 15 minutes. Real-...Click here to read the whole Article (external link)
STEREO VISION ENTERTAINMENT INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis or Plan of Operation. Plan of Operations - The following discussion should be read in conjunction with the Company's reviewed financial statements. SVEI intends to pursue opportunities in three product segments of the entertainment industry: Feature length 3D and 2D films for theatrical release Direct to DVD 2D and 3D films Licensing of video game rights StereoVision intends to be the only company in Hollywood focused on developing a library of films using 3D technology. The company intends to develop four to five new scripts for theatrical release in 3D and 2D and direct to DVD movies (initially in 2D only) each year and will concentrate on the most popular genres including horror, action/adventure, sci-fi CGI effect movies, comedies and family films. The Company currently has five film projects in various stages of development including one with a completed script and both a director and a producer attached. As a development stage company, SVEI has minimal historical operations, no revenues and negative cash flows. In order to satisfy cash requirements for SVEI's production and revenue goals, management must obtain working capital through either debt or equity financing. The entertainment industry is an intensely competitive one, where price, service, location, and quality are critical factors. The Company has many established competitors, ranging from similar local single unit operations to large multi-national operations. The entertainment industry may be affected by changes in customer tastes, economic, and demographic trends. Factors such as inflation, increased supply costs and the availability of suitable employees may adversely affect the entertainment industry in general and the Company in particular. In view of the Company's limited financial resources and management availability, the Company will continue to be at a significant competitive disadvantage vis-a-vis the Company's competitors. Results of Ope...Click here to read the whole Article (external link)
STEREO VISION ENTERTAINMENT INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis or Plan of Operation. Plan of Operations - The following discussion should be read in conjunction with the Company's audited financial statements. SVEI intends to pursue opportunities in three product segments of the entertainment industry: Feature length 3D and 2D films for theatrical release Direct to DVD 2D and 3D films Licensing of video game rights StereoVision intends to be the only company in Hollywood focused on developing a library of films using 3D technology. The company intends to develop four to five new scripts for theatrical release in 3D and 2D and direct to DVD movies (initially in 2D only) each year and will concentrate on the most popular genres including horror, action/adventure, sci-fi CGI effect movies, comedies and family films. The Company currently has five film projects in various stages of development including one with a completed script and both a director and a producer attached. As a development stage company, SVEI has minimal historical operations, no revenues and negative cash flows. In order to satisfy cash requirements for SVEI's production and revenue goals, management must obtain working capital through either debt or equity financing. The entertainment industry is an intensely competitive one, where price, service, location, and quality are critical factors. The Company has many established competitors, ranging from similar local single unit operations to large multi-national operations. The entertainment industry may be affected by changes in customer tastes, economic, and demographic trends. Factors such as inflation, increased supply costs and the availability of suitable employees may adversely affect the entertainment industry in general and the Company in particular. In view of the Company's limited financial resources and management availability, the Company will continue to be at a significant competitive disadvantage vis-a-vis the Company's competitors. Results of Oper...Click here to read the whole Article (external link)
STEREO VISION ENTERTAINMENT INC Files SEC form 10-Q, Quarterly Report
Item 2. Management's Discussion and Analysis or Plan of Operation. Plan of Operations - The following discussion should be read in conjunction with the Company's audited financial statements. SVEI intends to pursue opportunities in three product segments of the entertainment industry: Feature length 3D and 2D films for theatrical release Direct to DVD 2D and 3D films Licensing of video game rights StereoVision intends to be the only company in Hollywood focused on developing a library of films using 3D technology. The company intends to develop four to five new scripts for theatrical release in 3D and 2D and direct to DVD movies (initially in 2D only) each year and will concentrate on the most popular genres including horror, action/adventure, sci-fi CGI effect movies, comedies and family films. The Company currently has five film projects in various stages of development including one with a completed script and both a director and a producer attached. As a development stage company, SVEI has minimal historical operations, no revenues and negative cash flows. In order to satisfy cash requirements for SVEI's production and revenue goals, management must obtain working capital through either debt or equity financing. The entertainment industry is an intensely competitive one, where price, service, location, and quality are critical factors. The Company has many established competitors, ranging from similar local single unit operations to large multi-national operations. The entertainment industry may be affected by changes in customer tastes, economic, and demographic trends. Factors such as inflation, increased supply costs and the availability of suitable employees may adversely affect the entertainment industry in general and the Company in particular. In view of the Company's limited financial resources and management availability, the Company will continue to be at a significant competitive disadvantage vis-a-vis the Company's competitors. Results of...Click here to read the whole Article (external link)
STEREO VISION ENTERTAINMENT INC Files SEC form 10KSB, Annual Report
ITEM 6. MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATIONS Plan of Operations - The following discussion should be read in conjunction with the Company's audited financial statements. SVEI intends to pursue opportunities in three product segments of the entertainment industry: Feature length 3-D and 2-D films for theatrical release Direct to DVD 3-D and 2-D films Licensing of Video Game rights StereoVision intends to be the only public company in Hollywood focused on developing a library of films using 3-D technology. The company intends to develop four new scripts for theatrical release and direct to DVD movies each year and will concentrate on the most popular genres including horror, visual thrillers, sci-fi CGI effect movies, comedies and family films. As a development stage company, SVEI has minimal historical operations, no revenues and negative cash flows. In order to satisfy cash requirements for SVEI's production and revenue goals, management must obtain working capital through either debt or equity financing which will lead to further dilution. The entertainment industry is an intensely competitive one, where price, service, location, and quality are critical factors. The Company has many established competitors, ranging from similar local single unit operations to large multi-national operations. The entertainment industry may be affected by changes in customer tastes, economic, and demographic trends. Factors such as inflation, increased supplies costs and the availability of suitable employees may adversely affect the entertainment industry in general and the Company in particular. In view of the Company's limited financial resources and management availability, the Company will continue to be at a significant competitive disadvantage vis-a-vis the Company's competitors. Results of Operations - There were no revenues from sales for the two years ended June 30, 2008 and 2007. SVEI has sustained a net loss of approximately $1,333,000 ...Click here to read the whole Article (external link)
