3D Eye Solutions, Inc. (OTCPK: TDEY) is pleased to announce that it has signed a 10 Year worldwide license agreement with 3D Network International, Inc. The new company will focus on licensing and distribution of 3D Eye Solutions’ 3D content worldwide.
As part of the settlement agreement, 3D Network International will receive the 10 Year license agreement which has already been paid to 3D Eye Solutions, Inc. Michael Gibilisco, the former CEO, will retain the rights, patents, and trademarks for 3D Eye Solutions and will continue to develop the technology.
“We believe the 10 Year License Agreement is in the best interest of all the shareholders. The license has already been paid for, which will allow 3D Network International to market the technology without the large R & D cost which were prohibitive to the growth of the Company” stated Marc Jablon, Chairman 3D Eye Solutions, Inc.
The public company will be undergoing a name change to better reflect its new business model. The new Company will market and sell the 3D technology under the 10 Year license agreement. All agreements are posted at http://www.otcmarkets.com/stock/TDEY/financials. 3D Network International is currently working on projects for television, motion pictures and animation including Bobo Tales, Who Am I, The Soul Exchange and Perfect Vision. 3D Network International will help 3D Eye Solutions fulfill 3D conversion projects in various markets worldwide.