3D Entertainment Holdings, Inc. Acquires NX Desk and Launches the Next Generation of Cloud Computing

LONGWOOD, Fla., June 22, 2012

NX Desk gives users a fully functional Windows Desktop that runs on hardware hosted in a datacenter rather than on local hardware.  NX Desk allows users to connect to the hosted Desktop from a local PC, laptop, or thin client over the internet and access all of its applications and data.  All of the data is secured using industry standard encryption, just like online banking. 

The best part of NX Desk hosted desktops is that they are available 24/7 from anywhere in the world where you have internet connection.  NX Desk is fully compatible with all Microsoft Windows applications and runs on all PCs, laptops, and Apple iPads.  (Please visit www.nxdesk.com).    

As part of the acquisition, 3D Entertainment has appointed Owen Dukes and Robert Zysblat as officers and directors of 3D Entertainment Holdings.  3D Entertainment Holdings will be undergoing a name change, however, the Company will continue to retain the 10 Year worldwide license for 2D to 3D conversions from 3D Eye Solutions.

3D Entertainment has accepted the resignations of Dominic Crain and Cynthia Cassidy.  New management would like to thank Mr. Crain and Ms. Cassidy for their continued support as the Company moves in a new direction.

3D Entertainment Holdings reduced its long term liabilities from ($2,306,554) for yearend Dec. 31, 2010 to ($1, 425, 892,) yearend December 31, 2011.  As a result of the debt forgiveness, the Company posted under "Other Income" a gain of $738,010, and its net loss for the Year End 2011 was reduced by $862,652.  The Net loss for Year end 2011 was just ($278,948) compared to ($1,141,600) in 2010. 

"New management plans to continue the debt reduction efforts and improve the bottom line.  The NX Desk Cloud Computing solution is completely paid for which will allow our Company to focus on sales and marketing of this new revolutionary technology," stated Robert Zysblat.