Carl Freer, David Warnock and Simon Davies Resolve Their Legal Dispute and Announce Joint Commercial Plan

Huntermay Announces Agreement that Affirms Mutual Commitment to the Future of Vision Recognition Software Development

Carl Freer

Los Angeles, CA – Carl Freer, David Warnock and Simon Davies have reached an amicable resolution to their differences. Huntermay, a corporate investigations and negotiations firm made this announcement today (7 March 2012).

The parties have dismissed the lawsuits and withdrawn their respective allegations. Messrs Warnock and Davies have also agreed to terminate the public campaign focused on Carl Freer and supervise where possible the removal of any derogatory content from the internet regarding Mr. Freer and the companies which he has founded.

As part of the campaign, public allegations were made that the FBI and the SEC were investigating Mr. Freer and his companies. While the lawsuit was pending, Mr. Freer’s counsel established that these allegations were untrue and that Messrs Warnock and Davies had been misled by their advisors. Once Mr. Warnock discovered the problem, he immediately took action to correct matters.

Carl Freer stated, “After some open dialogue, it became obvious that tensions between us grew as a result of unwise counsel rather than from a genuine dispute between the parties. I applaud the courage and diligence on all sides to work through all of our differences and move forward. We can now focus on rekindling our friendships and strengthening our businesses relationships.”

David Warnock said, “I am extremely pleased that we were able to amicably resolve our differences. This resolution ends all legal disputes and allows us to work together in a positive fashion to explore opportunities that will be mutually beneficial to all parties. We are looking forward to our new ventures and utilizing our core strengths of product innovation and business development to exploit significant opportunities in the market.”

Simon Davies added that he “looks forward to moving ahead and is pleased with the outcome.”

About Carl Freer

Carl Freer was born on the 9th of May in 1970, in Stockholm, Sweden. Holding numerous international patents, Carl Freer has developed an array of successful technology companies across the globe. One of his U.S. patents, number 20060064350, protects a proprietary method of delivering optimal advertising content to users. His current business endeavor, is currently developing an advanced technology that can connect a mobile device to a company’s website by having the user say the product’s name aloud or take a picture of the logo with their camera phone. Carl Freer designed this technology to provide a wealth of navigational information while users venture through cities and public sites; it even has an opt-in coupon service allowing consumers to receive timely savings from their favorite companies. As the President and Founder of the enterprise, Carl Freer not only develops the products, but also oversees all aspects of brand integration and product promotion. Carl Freer has previously served in the business development industry for several technology companies, including The Media Power Group, which also utilized augmented reality technology to deliver individualized messages to consumers. He gained additional experience with developing applications for mobile devices while at Magitech Games. In addition, Freer served as the Chairman of Tiger Telematics, Inc., the company behind the Gizmondo handheld gaming system. Aside from his work in technology, Carl Freer helps other people realize their educational goals through his support of the Back on Track organization.

For further information, contact:

James Huntermay
Huntermay
33 London Road
Royal Tunbridge Wells
Kent
TN4 0PB

United Kingdom

enquiry@huntermay.net
http://www.huntermay.net

Startup Looks Set to Flip the Switch on 3-D Movie Re-Releases

FilmFunds’ process speeds up converting from 2-D to 3-D and lowers the cost

Los Angeles - After a 3-D re-release of “The Lion King” roared at the box office last year, a pipeline of 3-D theatrical re-releases is in place for this year. But Carl Freer, founder of L.A. startup FilmFunds, thinks there’s room for even more. His startup just started selling 3-D conversion technology to studios that allows them to quickly convert content for less than going to a third-party conversion company.

“We’ll allow them to knock themselves out,” Freer said.

He launched the company with a website in October that allows movie fans to vote on films they’d like to see re-released in 3-D, such as 1980’s Warner Bros. classic “Blade Runner” and Universal’s “Back to the Future.” He plans to use the site as market research to show studios that films can be successful in re-release.

He acquired the conversion technology in December when FilmFunds bought Duran Duboi U.S. for an undisclosed amount. Duran Duboi is a postproduction house in Los Angeles that handled the 3-D conversion for last year’s Lions Gate release “Conan the Barbarian.”

FilmFunds’ technology converts 2-D to 3-D in real-time using software that can analyze a screen at the rate of 60 frames per second. Freer declined to discuss a price for the device, but did note that he plans to make money servicing the devices.

Freer expects much of the opportunity to come from home video re-releases through digital distribution channels like Netflix Inc., once 3-D-enabled TVs become more common. That’s in part because home video re-releases require less-expensive conversions and also because studios are more receptive to simultaneous home releases for 3-D reboots than for new releases.
Another factor for the slow pace of theatrical re-releases is that the cost of theatrical-quality conversion often ranges between $10 million to $20 million.

“The studios and networks are indecisive because of the big cost additive,” he said.

Small Screen
Craig Tanner, co-founder of production company Digital Revolution Studios, is also banking on 3-D-enabled consumer devices. He has amassed some 500 minutes of 3-D video content that he plans to license once 3-D-enabled handheld devices become more common.

“It’s on a shelf ready to go for the handheld consumer,” Tanner said.

He got a peek of the coming action when he produced a 3-D music video for the song “Don’t Stop” by L.A. alternative rock band Foster the People. The video was available for free download by owners of the Nintendo 3DS handheld gaming system in December.

For Tanner, who spent three years as a visual effects editor on “Avatar,” the two-day music video shoot was a first. But with device makers coming out with 3-D enabled smartphones this year, he said, manufacturers are increasingly asking him to produce short-form content that can fill-out their download stores, as he did for Nintendo.

“It sparked an interest in our company,” he said. “We plan on doing quite a few music videos this year.”

He’s now in talks with music labels and device makers, and expects to put out about 10 music videos from major recording artists this year. Whereas the Nintendo video was a free download, he expects future videos to be monetized similarly to Apple Inc.’s iTunes store, which splits revenue with content creators.

Fine-Tuning
Burbank public TV station KCET-TV (28) continues to roll out new productions, even as funding is down. Last week, the station announced a new slate of programming to debut in March, including talk show “L.A. Tonight With Roy Firestone” and documentary series “Your Turn to Care.”

The programming push is part of the station’s effort to win back viewers that left the station after it severed ties with PBS. In the station’s first month without PBS programming, January 2011, prime time ratings bottomed out at an average of 18,000 viewers.

But a station spokeswoman said prime time viewership was up 78 percent last month, compared with a year earlier, to 32,000. That’s due to higher-performing shows such as British comedy show “Doc Martin,” which brought the station’s largest viewing audience of 150,000 on Jan. 5 since going independent.

Still, funding for the station has withered without PBS. According to the station’s last audited statement, donations dropped some $15 million to $22.3 million for the year ended June 30. That drop reflected a half-year without PBS.

About FilmFunds
Headquartered in Los Angeles, FilmFunds offers a 360-degree solution for Hollywood to test nascent film projects, helping move content through the pipeline by creating an audience for it, while giving fans a unprecedented opportunity to be part of the green-light process. FilmFunds utilizes crowd-sourced social marketing research to replace the costly live test-screening model used since Hollywood’s Golden Era. A social environment where Hollywood filmmakers can meet their real audience, with the most accurate, state-of-the-art diagnostics guiding their efforts to improve and build support for their product, FilmFunds is a place where film lovers have a chance to make it their movie. For more information, please visit http://www.FilmFunds.com.

For further information, please contact:

Rich Jenkins, CTO
FilmFunds, Inc.
3000 Olympic Blvd.
Building 5, Suite 2100
Santa Monica, CA 90404
USA

+1 310 315 4790
rich@filmfunds.com
http://www.filmfunds.com

Filmfunds Acquires Duran Duboi Us And 3d Liveflix, Places Bid On Duran Duboi France

Filmfunds Prepares To Ask Millions of Movie Fans,

“What Film Do You Want To See In 3D?”

Los Angeles – Having launched a production arm to help bring promising new films to market, FilmFunds today announced the acquisition of Duran Duboi US, an independent California-based company whose patented 3D LiveFlix technology, combined with FilmFunds’ own digital crowd-sourcing technology, will allow FilmFunds to poll public opinion on the most popular films audiences want to see in 3D, then offer conversion services to content owners. Its acquisition of Duran Duboi US moves FilmFunds a significant step closer toward becoming a one-stop shop for filmmakers.

FilmFunds has also placed a formal bid for Duran Duboi France, currently in Chapter 11. The company, headquartered near Paris and part of Quinta Industries, is the internationally renowned visual effects company behind such hit films as Alien: Resurrection, Amelie, La Vie En Rose, A Very Long Engagment, Crank, Hannibal Rising, Underworld and Black Gold. In its bid, FilmFunds has ensured the completion of outstanding projects undertaken by Duran Duboi France, including the Luc Besson-produced film The Boy with the Cuckoo-Clock Heart. FilmFunds’ bid is structured to continue a quarter-century of visual expertise and deliver expert post-production and visual effects services to the website’s filmmakers.

With the in-house ability to convert 2D projects to 3D, and access to more than 60 million movie fans, FilmFunds will ask its members: Are the right movies being made in 3D? Which movies do you want to see in 3D? Voting by the FilmFunds community will determine the most popular projects for conversion and, based on this enthusiastic audience, the company will approach studios and other content owners – with both the data to prove an audience for a 3D version of the film, as well as the conversion technology. FilmFunds aims to partner with studios on a project by project basis to bring promising 3D films to life.

“While popular films like Star Wars and Titanic will soon be coming out in 3D, there are many others that have a built-in audience, if only studios and filmmakers had an easy-to-use, crowd-sourcing social marketing tool to prove it. Now they do. FilmFunds looks forward to working with content owners to help identify and convert the most beloved 2D films for 3D-hungry audiences everywhere,” offered FilmFunds Co-Founder and Chairman Carl Freer, a respected technology entrepreneur and visionary.

With the acquisition of Duran Duboi US, its president, Christian Paris, will transition to vice president of FilmFunds, helping to approach online content distributors like Netflix, as well as traditional distributors, in supporting 3D-converted projects. “I look forward to marrying our proprietary technology with that of FilmFunds, which truly offers a 21st-century solution for filmmakers,” said Paris. Having spent ten years as a U.S. representative for various European visual effects and sound technology companies, in 2010 he launched 3D LiveFlix, which recently provided the 3D conversion for Conan the Barbarian.


About Duran Duboi US and 3D LiveFlix
Duran Duboi US (DD US) is an independent California-based company created in 2002 by Christian Paris. DD US marketed visual effects services in Hollywood for Duran Duboi France for eight years and then for Quinta Industries for five years. It went into the business of visual effects as 3D conversion became more popular and created 3D LiveFlix to propose conversion solutions to film libraries, studios and independent filmmakers. Investing in R&D, it owns a unique process of conversion for theatrical release, home video and handhelds. 3D LiveFlix has exclusive branch partners in Paris along with India, Mexico and Hawaii. For more information, please visit www.duranduboi.com or http://www.3dliveflix.com.


About Duran Duboi (France)
Duran Duboi, founded in 1984, is widely acknowledged as a pioneer of the digital audiovisual post-production industry. Serving the film, TV and advertising communities, Duran Duboi Studio offers a full spectrum of services including digital audiovisual post-production, visual effects, 3D animation, pre-visualization and commercials. For more information, please visit http://www.quintaindustries.com.

About FilmFunds
Headquartered in Los Angeles, FilmFunds offers a 360-degree solution for Hollywood to test nascent film projects, helping move content through the pipeline by creating an audience for it, while giving fans a unprecedented opportunity to be part of the green-light process. FilmFunds utilizes crowd-sourced social marketing research to replace the costly live test-screening model used since Hollywood’s Golden Era. A social environment where Hollywood filmmakers can meet their real audience, with the most accurate, state-of-the-art diagnostics guiding their efforts to improve and build support for their product, FilmFunds is a place where film lovers have a chance to make it their movie. For more information, please visit http://www.FilmFunds.com.

Media contacts:
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BWR Public Relations
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Carl Freer

Carl Johan Freer (born 9th May 1970) is a Swedish businessman and technology entrepreneur.

Freer was Chairman of the Board of Tiger Telematics Inc. reference SEC and is now engaged in numerous technology companies. He is currently Founder and President of GetFugu Inc.

GetFugu website: www.getfugu.com

A native of Sweden Carl Freer possesses nearly two decades of experience in developing major consumer technologies across Europe and in the United States.

Early in 2000's Freer established himself as the Chairman of Tiger Telematics Inc. the company that produced and manufactured a hand held gaming system.

Upon moving to the United States Carl Freer joined the Magitech Group where his career expanded into the field of augmented reality technology.

One of his main contributions to the company was through the work with universities, which developed an assortment of mobile applications and video games.

As a creative force for the corporation, Freer obtained several US Patents for his original work, including the pioneering of a new method for distributing highly targeted advertisements via mobile platforms.

Carl Freer utilized his extensive technology expertise and entrepreneurial prowess in 2010 to launch LogoVision, a company providing high tech search technology for mobile devices.

Raised in Sweden, Carl Freer attended Saltsjobadens Samskola, a Secondary School located in Stockholm Sweden.

When he is not working he unwinds by playing tennis and skiing.

Carl Freer supports numerous charities but favors Nordens Ark and Back on Track.