Stereo Vision To Acquire Blossom Gap Records.

Business Editors/Entertainment Writers

LOS ANGELES--(BUSINESS WIRE)--Jan. 9, 2002

Stereo Vision Entertainment Inc. (OTCBB:SVED) and Blossom Gap Records Inc. reached terms yesterday in Nashville. The agreement calls for Blossom Gap Records, a private Tennessee corporation in good standing, to become a wholly owned subsidiary of Stereo Vision in a stock and cash deal.

The masters in Blossom Gaps catalog include ten No. 1 George Jones hits, thirty two Willie Nelson tracks, twenty two B.J. Thomas cuts, ten Kenny Rodgers songs, (including Ruby), ten memorable numbers by Jimmy Dean, ten of Ann Murray's best, Roy Drusky's live gospel double album, ten Isley Brother tunes, ten works by Faron Young, ten from the late great Carl Perkins, and others. "These songs will enable us to release at least thirteen albums," says Stereo Vision's Director of Music Operations Herky Williams. "We expect to sell an average of 50,000 units per album. With a $2.00 per unit profit, our gross profit target is $1.3 mil. For a cost of 100,000 rule 144 shares, and $10,000.00 in cash, the shareholders of Stereo Vision will realize a substantial boost in revenues," Williams concludes.

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