LONGWOOD, Fla., June 22, 2012 /PRNewswire/ -- 3D Entertainment Holdings dba 3D Eye Solutions, Inc. (OTCPK: TDEY) is pleased to announce it has completed the acquisition of NX Desk Ltd , a U Kingdom based company, for $450,000 in restricted Preferred and Common Stock.
NX Desk gives users a fully functional Windows Desktop that runs on hardware hosted in a datacenter rather than on local hardware. NX Desk allows users to connect to the hosted Desktop from a local PC, laptop, or thin client over the internet and access all of its applications and data. All of the data is secured using industry standard encryption, just like online banking.
The best part of NX Desk hosted desktops is that they are available 24/7 from anywhere in the world where you have internet connection. NX Desk is fully compatible with all Microsoft Windows applications and runs on all PCs, laptops, and Apple iPads. (Please visit www.nxdesk.com).
As part of the acquisition, 3D Entertainment has appointed Owen Dukes and Robert Zysblat as officers and directors of 3D Entertainment Holdings. 3D Entertainment Holdings will be undergoing a name change, however, the Company will continue to retain the 10 Year worldwide license for 2D to 3D conversions from 3D Eye Solutions.
3D Entertainment has accepted the resignations of Dominic Crain and Cynthia Cassidy. New management would like to thank Mr. Crain and Ms. Cassidy for their continued support as the Company moves in a new direction.
3D Entertainment Holdings reduced its long term liabilities from ($2,306,554) for yearend Dec. 31, 2010 to ($1, 425, 892,) yearend December 31, 2011. As a result of the debt forgiveness, the Company posted under "Other Income" a gain of $738,010, and its net loss for the Year End 2011 was reduced by $862,652. The Net loss for Year end 2011 was just ($278,948) compared to ($1,141,600) in 2010.
"New management plans to continue the debt reduction efforts and improve the bottom line. The NX Desk Cloud Computing solution is completely paid for which will allow our Company to focus on sales and marketing of this new revolutionary technology," stated Robert Zysblat.
To learn more about NX Desk, please visit: www.nxdesk.com
About 3D Eye Solutions, Inc.:
3D Eye Solutions, Inc. is a service provider and integrator for the 3D Stereo and Auto-stereo media industry that covers a wide range of markets. 3D Eye Solutions, Inc. produces and processes media content for corporate, venues, and trade show events. The Company also provides turnkey systems and converts existing media to enable end users to showcase properties in multi-view format. For more information, please visit the Company's Web site: www.3deyesolutions.com.
Safe Harbor: Statements regarding financial matters in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as that term is defined in the Private Securities Litigation Reform Act of 1995. The Company intends that such statements about the Company's future expectations, including future revenues and earnings, technology efficacy and all other forward-looking statements be subject to the safe harbors created thereby. The Company is a development stage company who continues to be dependent upon outside capital to sustain its existence. Since these statements (future operational results and sales) involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materially from expected results.
For more information please contact: [email protected]
SOURCE 3D Entertainment Holdings, Inc.