Stereo Vision Entertainment, Inc. (OTCPK:SVSN) agreed to acquire 49% stake in UPTICK Newswire, LLC from Everett Jolly for $0.38 million on May 26, 2015. As part of the consideration, Stereo Vision will issue 15 million shares and short-term promissory note for $0.08 million. Everett Jolly, Chief Executive Officer of UPTICK Newswire, has been named as Chief Executive Officer/President and member of Board of Directors of StereoVision. Blain Burke, StereoVision former Chief Executive Officer/President, who along with Chief Investment Officer and Treasurer Leon Andrews has resigned. StereoVision Chief Financial Officer Herky Williams has been named Treasurer, and Vice Chairman Eric Honour has been named Chief Information Officer and Secretary of Stereo Vision.

Stereo Vision Entertainment, Inc. (OTCPK:SVSN) completed the acquisition of 49% stake in UPTICK Newswire, LLC from Everett Jolly on May 27, 2015.