SOURCE: SuperVision Entertainment Inc.

March 12, 2007 04:00 ET

SuperVision Entertainment Inc.: (TICKER SYMBOL: SVET) SuperMag Update: $950 Million for European Marketing Rights; European Commission Mandates Alternate Energy Systems for 20% of Supply

LOS ANGELES, CA -- (MARKET WIRE) -- March 12, 2007 -- SuperVision Entertainment Inc. (PINKSHEETS: SVET) -- The value for the European marketing rights for the SuperMag magnetic generator has been set at $950 million. Following on the heels of the European Commission's summit on climate change last week, where a historic agreement between the 27 countries of the EU agreed to target a reduction on the reliance of fossil fuels in favor of renewable and alternate energy systems, the European market is exploding for devices such as the SuperMag.

Since the first announcement of the "SuperMag" generator in May of 2006, the product has become known around the world. The benefits of a clean, inexpensive alternate power source are continuing to be played out in the world press as concerns over climate change, pollution and the environment continue to build.

The SuperMag creates electrical energy by the manipulation of very powerful magnetic fields that are converted into electricity. This is potentially one of the most significant technical breakthroughs of the 21st century with enormous ramifications for the provision of power and the reliance on fossil fuels.

The development of the first 10kw MI5 production version of the SuperMag is moving forward, and the first pictures of the system will be made available shortly. The first public demonstration of the technology now looks like it will be in front of a crowd of approximately 3-5,000 scientists, engineers, and interested parties from around the world who have all contacted the company to be on the invitees list.

The company, which has just announced its intention to become a fully listed NASDAQ company, is now seeking a team of 350 electrical engineers from around the world to join its production team for the "SuperMag" electrical generator. As of the 11th of March, the first agreement has been struck, subject to formal contracts, with an individual who has extensive hi tech experience with companies that have provided equipment for the Apollo space program, and the F111 and F16 fighters for the Department of Defense. His responsibilities will be to oversee the space and lunar applications as well as the marine applications for the SuperMag.

In addition to engineers, the company will be seeking international marketers and financiers to take this groundbreaking technology on an unprecedented scale to the international markets.

Interested persons are invited to submit their resumes, which shall be held in absolute confidence, in this pre screening executive search. Only those contacted will be invited to an interview. Please submit your resumes to:

Contact: Email: and mention executive search.

Safe Harbor Statement:

All statements other than statements of historical fact included in this press release are "forward-looking statements." The forward-looking statements, including statements about the Company's future, revenues and earnings, and all other forward looking statements (i.e. future operational results and sales) are subject to assumptions and beliefs based on current information known to the Company and are factors that are subject to uncertainties, risks and other influences which are outside the Company's control, and which may yield results differing materially and substantially from those anticipated. All information is subject to change, deletion or insertion.

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