3D Entertainment Holdings Incorporated announces new
Chairman/Board of Directors, the retirement of 1 billion company
shares and an internal investigation of past company convertible
debentures
3d Entertainment Holdings Inc. puts forth new slate of directors
and transfers super k class vote to the company
CHEYENNE, WY and CARSON CITY, NV -- September 15, 2015 --
InvestorsHub NewsWire -- 3D Entertainment Holdings, Inc., a
Wyoming Corporation, dba 3D Eye Solutions Inc. (OTCPINKSHEETS:
TDEY) announces the resignation of Scott Weinert as chairman
and CEO, the resignation of James S. Tassan as acting CFO and Eddie
Vakser as Director. The board has received a new slate of directors
consisting of three sole board members: Oak River Technology CEO
Kent Linduff, as Chairman TDEY, Ken Holderbaum, Director TDEY and
Linda Linduff, Secretary Treasurer TDEY. At this time the new board
of directors would like to thank Mr. Weinert, Mr. Tassan and Mr.
Vakser for their services while wishing them much success with
their future business aspirations.
On September 4, 2015 the company adopted a corporate resolution
stipulating the transfer of the 3D Entertainment Holdings, Inc.
Super K Class, non conversional, 69% super vote to the company. The
company now holds this voting right under a conditional provision
to exercise with the requirement of signatures from the company
chairman and one board member.
The aforementioned actions have been duly noted with the Wyoming
Secretary of State and OTC Markets Group.
3d Entertainment Holdings Inc. retires 1 billion company
shares
Our new Board of Directors has reached an agreement to
immediately retire the total 1 billion shares of company stock
which was acquired as part of the Oak River Technology LLC / 3D
Entertainment Holdings Inc. merger agreement.
3d Entertainment Holdings Inc. launches investigation of past
managements use of debt conversions
Our new Board of Directors has initiated an internal
investigation as to the past practices made by previous management.
Due to the presence of excessive company notes/debt conversions,
this investigation will include a full review of all past
convertible debentures to ensure that prior management utilized
such excess debt burden in the best interest of the company and not
for the benefit of personal enrichment. The new company Chairman is
of the professional opinion that the exodus of previous management
occurred without sufficient explanation as to the financial
hardship assigned to both the company and its shareholders with
respect to such debt conversions. Due to this investigation, Alpine
Securities received notification from the company's legal
representatives mandating a suspension of the clearing of any and
all future certs until further notice.
This is a significant step in building shareholder trust in the
new TDEY and Oak River Technology (ORT), all of us at TDEY/ORT will
remain focused on driving shareholder value and trust said Kent
Linduff, Chairman TDEY
For more information contact: investorrelations@oakrivertech.com
www.oakrivertech.com