3D Entertainment Holdings, Inc. Definitive Merger Agreement
August 05 2015 - 9:15AM
InvestorsHub NewsWire
3D ENTERTAINMENT Holdings Inc.
Cheyenne, WY -- August 5th, 2015 -- 3D Entertainment
Holdings, Inc. a Wyoming Corporation dba 3D Eye Solutions Inc
(OTC
Pinks: TDEY)
TDEY and Oak River Technology (ORT) announce the signing of a
Definitive Merger Agreement. TDEY and Oak River Technology have
signed a merger agreement which will allow Oak River Technology to
continue its operations as a subsidiary of TDEY with the CEO of
ORT, Ken Linduff, managing and operating the company.
Oak River Technology (ORT) specializes in individual and group
payment, collections and remittance solutions. ORT unique solutions
have significantly reduced the cost to the public for Payroll
Deductions, Automatic Deductions from Checking Accounts. As
importantly, the cost to the creditor is also reduced with
additional benefits. Creditors now can receive one payment with a
reconciliation report for numerous individuals versus single
account information requiring costly labor, systems to reconcile.
ORT has impacted numerous business verticals such as Internet
Gambling, Insurance Products and Travel Industry and continues to
rapidly expand into other markets. The ORT solution allows for very
low cost implementation and a simple interface for both the
purchasing party and the creditor. There are systems to interface
with or learn. We have created a simple process driven versus
technology solution that results in a much lower cost for services
utilized by the majority of transactions around the world today
said Kent Linduff Oak River CEO.
Kent Linduff CEO of ORT has an extensive technology background
reaching over 40 years; from Telecommunications Group Director of
Invensys Plc of London, UK, to most recently CEO of ENDCO Inc. In
2002 Linduff created a solution which allowed multiple systems to
share data resulting in a $42MM per annum savings for Zurichs
Farmers Insurance. Linduff is a Six Sigma Black Belt and utilizes
Six Sigma methodologies for maximum profitability of all companies
he associates with.
Oak River Technology anticipates the signing of several
agreements with major insurance companies to provide billing and
reconciliation services. These agreements will make Oak River
Technology one of the leaders in the financial collections,
remittance services based on volume.
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.