New Visual Entertainment, Inc., a 3D production company specializing in 3D
product development and distribution for special venue theaters, home
video, broadcast, and theatrical markets, has announced its completed
acquisition of Impact Pictures, Inc., a small San Diego-based multi-media
production house specializing in Web animation, streaming media and
high-end CD-ROM corporate presentations, in a stock for stock transaction.
New Visual plans to utilize the creative hardware and staffing assets of
Impact Pictures to launch its own multi-media and Web animation services
division in mid-January or early February 2001. Impact Pictures former
president, Mark Rabe, brings to New Visual a respectable base of initial
clients for both Web animation and CD-ROM projects. Headquartered in San
Diego, the multi-media and Web animation services division will also
redesign and upgrade the company's Web site, newvisual.com, which should be
fully upgraded with Flash technology by mid-to-late February.