RESTON, Va., May 16, 2016 /PRNewswire/ -- Vision III® Imaging, Inc. (the "Company"), the developer of revolutionary parallax visualization (v3®) technologies that enhance the three-dimensionality of normal media displays, announced today that the Company has launched a direct-to-accredited-investors capital raise using the exemption from registration provided by the US Securities and Exchange Commission's (SEC) Rule 506(c).
The Company recently created an industry buzz in the Future Park at the April 2016 National Association of Broadcasters (NAB) convention in Las Vegas, NV with a dramatic demonstration of the Real Shot™ technology's ability to "pop" imagery off the surface of large outdoor LED displays. The amazing Real Shot visual experience can be viewed at following links:
https://vimeo.com/166750355 (NAB video - 1.5 min)
https://vimeo.com/148021816 (Investor video teaser - 1 min.)
"The future visual imaging market will belong to the technology that delivers the best visual experience in the simplest and most cost effective manner. v3 delivers on all three counts."
Chris Mayhew - CEO, Vision III Imaging, Inc.
The Company is the inventor and developer of the v3 parallax visualization (PV) technologies. The PV technologies are the subject of a significant patent portfolio protecting a series of optical and software tools that capture and present three-dimensional information. On May 9, 2016, the Company received a Notice of Allowance from the US Patent and Trademark Office for its twenty-first patent.
The v3 technologies allow producers and advertisers to differentiate their content and therefore maximize the value of their content vis-à-vis the surrounding programming. No glasses or anything special is required to distribute or view v3 programming across a wide spectrum of mediums including home televisions, mobile devices, tablets, movie theaters or on large outdoor displays.
The v3 technologies significantly enhance image three-dimensionality and are directly applicable to digital cinema, broadcast television, video games, defense/security, medical, virtual reality and augmented reality content creation.
The Company is to raising up to $5.25 million from accredited investors through a Rule 506 (c) Offering. It intends to apply the proceeds of the Offering to implement its business strategy.
To access the Company's offering materials visit: www.inv3.com/506c
For more information about v3 technology visit: www.inv3.com
And for technical published information on the v3 technologies visit:
About Vision III Imaging, Inc.
The Company is a leading provider of advanced, immersive depth and data processing solutions that enable users to create three-dimensionally enhanced visual information viewable on all current and future displays, without the need for special glasses or modified devices. v3 technologies can be adapted for any camera, any lens and displayed on any screen, at any resolution and can be applied in real-time or in post-production. The Company's current addressable market is estimated to be in excess of $700 billion, the the v3 technology is equally applicable for enhancing the visual reality of the emerging virtual reality and subsequent augmented reality markets.
Over twenty years in development, v3 technology is protected by 20 issued US patents, numerous foreign patents and backed by an IP protection strategy based on a rich pipeline of ongoing patent applications.
The Company's v3 imaging technologies have been developed for creating, capturing and displaying three-dimensional parallax depth information. These technologies empower users to generate and assemble imagery with a high degree of precision. The Company has focused its R&D efforts on an area of human perception that is unique and largely overlooked by the imaging industry. It has developed a large body of work around the concept of presenting parallax (three-dimensional) information over time. As a result, the Company has been able to develop and patent a series of fundamental proprietary parallax visualization technologies and tools.
For additional information, please call Ms. Molly Dedham (703) 476-6762 (O) or visit: www.inv3.com
For more content and news about Vision III Imaging, check out:
Social Media Disclaimer
Investors and others should note that we will announce material financial information to our investors using SEC filings and press releases. We use general media, our website and social media to communicate with our subscribers, shareholders and the public about the Company, v3®technology development, and other corporate matters that are in the public domain. At this time, the Company will not post information on social media that could be deemed to be material information unless that information was distributed to public distribution channels first. We encourage investors, the media, and others interested in the Company to review the information we post on the Company's website and the social media channels listed below:
*This list may be revised or updated from time to time.
NO OFFER TO SELL
The information contained in this press release is provided for information purposes only. The information in this press release is not an offer to sell or solicitation of an offer to buy or subscribe for the securities of Vision III Imaging, Inc., nor shall there be any sale of such securities in any country or state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws and regulations of any such country or state. Any such offer or solicitation will be pursuant to exemptions from registration requirements set out in applicable securities laws and made only by means of delivery of the Private Placement Memorandum dated May 11, 2016, as the same may from time to time be amended, relating to a particular investment only to accredited investors in those jurisdictions where permitted by law. Investing in securities is not suitable for every investor and there is a risk of loss of your entire investment. This press release is a summary only of certain important matters relating to Vision III Imaging, Inc. and is qualified in its entirety by the detailed information in the offering materials. Prospective investors should take note of the risk factors described therein. Nothing in this press release or other announcements are intended to be, and you should not consider anything herein to be, investment, accounting, tax or legal advice.
Legal Notice Regarding Forward-Looking Statements
No statement herein should be considered an offer or a solicitation of an offer for the purchase or sale of any securities. This release contains forward-looking statements that are based upon current expectations or beliefs, as well as a number of assumptions about future events. Although the Company believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, it can give no assurance that such expectations and assumptions will prove to have been correct. Forward-looking statements, which involve assumptions and describe our future plans, strategies, and expectations, are generally identifiable by use of the words "may," "will," "should," "could," "expect," "anticipate," "estimate," "believe," "intend," or "project" or the negative of these words or other variations on these words or comparable terminology. The reader is cautioned not to put undue reliance on these forward-looking statements, as these statements are subject to numerous factors and uncertainties, including but not limited to adverse economic conditions, intense competition, lack of meaningful research results, entry of new competitors and products, adverse federal, state and local government regulation, inadequate capital, unexpected costs and operating deficits, increases in general and administrative costs, termination of contracts or agreements, technological obsolescence of the Company's products, technical problems with the Company's research and products, price increases for supplies and components, litigation and administrative proceedings involving the Company, the possible acquisition of new businesses or technologies that result in operating losses or that do not perform as anticipated, unanticipated losses, the possible fluctuation and volatility of the Company's operating results, financial condition and stock price, losses incurred in litigating and settling cases, dilution in the Company's ownership of its business, adverse publicity and news coverage, inability to carry out research, development and commercialization plans, loss or retirement of key executives and research scientists, changes in interest rates, inflationary factors, and other specific risks. There can be no assurance that further research and development will validate and support the results of our preliminary research and studies. Further, there can be no assurance that any necessary regulatory approvals will be obtained or that Vision III Imaging, Inc. has or will be able to develop commercially viable products on the basis of its v3 technologies. In addition, other factors that could cause actual results to differ materially. The Company undertakes no obligation to publicly release the results of any revisions to these forward looking statements that may be made to reflect the events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Nikhil Sureshkumar (703) 476-6762 (O)
v3 Media Manager
* v3 and Real Shot HD video examples available for broadcast media uses.
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SOURCE Vision III Imaging, Inc.