LONGWOOD, Fla., July 3, 2008 (PRIME NEWSWIRE) -- AFA Music Group, Ltd. (Pink Sheets:AFAO) is pleased to announce that the Company has completed the acquisition of 3D Eye Solutions, a developer and integrators of "stereoscopic and "auto-stereoscopic" three dimensional technologies for the film, television and video game industries. 3D Eye Solutions delivers a 3D experience without 3D glasses and the process simulates true natural depth that appears to project off the screen. The Company will market its innovative integrated technologies to major film, television and video game production companies.
3D Eye Solutions' technologies are being developed to integrate with film, television and current game consoles to produce auto-stereoscopic 3D images during viewing. The Company is developing software plugins to integrate with current computer applications and hardware appliances to integrate with professional and consumer level products. It will also provide consulting, integration and media content conversions for theme parks, trade shows, corporate venues, malls, airports, stadiums and other venues.
The Company is exploring multiple avenues in which to apply its technologies in the future such as mobile technology, home computers and 3D holographic projection systems. It is currently developing its console for distribution to the commercial market with a version for use in the home to be developed in the near future.
"The acquisition of 3D Eye Solutions by AFA Music Group will give us the access to a strong management team and capital in order for us to fulfill our business plan," stated Michael Gibilisco, President of 3D Eye Solutions, LLC.
"3D Eye Solutions is at the forefront of 'auto stereoscopic' three dimensional projection technologies. This acquisition will give increased value to both our Company and shareholder base," stated Marc Jablon, Chairman of AFA Music Group Ltd.
For more information on 3D Eye Solutions, LLC, please visit their website at www.3deyesolutions.com.
About AFA Music Group, Ltd.:
AFA "Artists for Artists" is a talent development and management agency. Since being founded in 2005, and based on its philosophy, AFA has attracted a roster of 10 "major-quality" recording artists. AFA Music Group plans on simultaneously acquiring various music-publishing assets and to begin developing its own catalogue of artists and albums. AFA retains equity positions with all of its artists, which include all income streams that are generated by these artists. These income streams include recording royalties, merchandise, sponsorship, touring, music publishing, Internet downloads and ringtones.
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.