3D ENTERTAINMENT Holdings Inc., signs an acquisition deal with
Oak River Technologies.
Cheyenne, WY - February 5th, 2015 - InvestorsHub NewsWire - 3D
Entertainment Holdings, Inc. a Wyoming Corporation dba 3D Eye
Solutions Inc (OTC Pinks:
TDEY)
We are proud to announce that 3D Eye Solutions Inc completed its
recent filings and is back to “current status” on the OTC
Markets.
The management has signed an acquisition MOU with Oak River
Technologies LLC., (dba) Employer Now Development Company (ENDCO).
ENDCO is a technology and software development/design Company
designed to process and enhance the processing and experience for
insurance companies and their potential clients.
Oak River Technology (ORT) is a newly formed Nevada LLC as of
October 2014. It holds the intellectual property known as the
“system”. ORT licenses this technology to the operating company(s)
of ENDCO LLC (ENDCO) www.myendco.com and Universal Worksite
Benefits Inc. (UWB)
Kent Linduff created a technology in 1999-2001 that allows the
free flow of unsecure or secure data from numerous operating
systems to a single database. The data can then be rerouted in a
converted computer language or ad hoc reports can be created from
this database. Patents were filed through Cox and Smith Law Firm of
San Antonio Texas.
The company ENDCO was formed in 2000 to commercially market this
technology to the Insurance Industry specific. The first version
was utilized at Farmers Insurance, for Zurich Inc in North America,
to tie together Zurich’s multiple companies. This resulted in a
hard/audited savings of Forty Two Million Dollars ($42MM) per
annum. After this first success the system underwent a significant
rewrite to allow enrollment in multiple carrier’s products,
premiums administration and reporting. Universal Worksite Benefits
was formed as a Third Party Administrator or Bill Pay Administrator
and went through the required Carrier and State legal and
compliance requirements.
Endco has success in the enrollment marketplace with numerous
industries.
“The technology allowed a complete transaction versus a
partial transaction. Reduced cost for the carriers and employers
and significantly reduced the time to process payments through the
system from payroll to carriers’ accounts. Full and legal
compliance, reconciliation was provided by one entity for the first
time in the marketplace versus multiple solutions. Best of all
ENDCO was/is profitable in the small group marketplace which
employs over 90% of Americans. ENDCO competitors are only
profitable in large group markets.” Stated Kent Linduff, founder of
the company and its technologies.
“The management feels comfortable to add a technology based
company to the company’s portfolio. The recent 2013 and 2014
financials of ENDCO shows a healthy $ 500K revenue model, with
approximately $ 98K in Gross Profit. The recent developments in the
Healthcare industry and ENDCO’s recent new contracts with the
insurance industry giants, makes our decision easy!” Stated Mr.
Tassan CFO, 3D Entertainment Holdings Inc.
“Our Company is always on a lookout for a good opportunity to
grow our portfolio and add to the company’s growth and shareholders
value. Admittedly, our management does not have a vast experience
in the insurance industry, and that is why we are excited to have
Mr. Linduff and his team come in and run the wholly owned
subsidiary. The key here, is to expand intellectual property
option, and who can argue with growth and potential of this
incredible new opportunity and the Expanding Healthcare Marketspace
and Healthcare Services.” Stated Mr. Vakser, Chairman of 3D
Entertainment Holdings Inc.
Our Company and the Management is excited to start a new year
with several new developments and to explore new market segments
and territories. We will continue to update and inform our
shareholders of the completion of our acquisitions and
projects.
Barrett Bott
CEO (TDEY)
About 3D Entertainment Holdings, Inc.
The Company continues its direction towards growth and expansion
through Mergers and Acquisitions. The Focus is targeting Software
and New Media Based companies and projects that are strategically
similar to 3D Technology and its various genres. The company
desires to invests and participate in Joint Ventures and
acquisitions involving companies in social media and content
distribution as well.
TDEY (OTC Pinks:
TDEY) is fully focused on a 2D and 3D content media creation
business with distribution of content through application and smart
devices. Owner and developer of App3DTV found on smart devices
which provide media content and entertainment. More information can
be found on www.App3DTV.com
App3DTV is 2D and 3D app available on Android for
$7.99. The application that features 3D movies, music videos,
and other media all at your finger tips. It is currently on
beta test and it is scheduled to be on Kindle, Roku, and Apple
shortly. To download the app go to: https://play.google.com/store/apps/details?id=com.ipointapps.app3dtv
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. 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.
Contact Info: ev24903@gmail.com
214-418-6940