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Oculus Receives Notice of Termination of Contract

Marketwired

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan 28, 2015) - Oculus VisionTech Inc. (TSX VENTURE:OVT)(OVTZ) advises that it has received notice that its sole Software License Agreement dated November 13, 2006 for customized deployment of its proprietary watermarking technology to one of the industry's major Hollywood studios will be terminated, effective January 31, 2015.

The company is still active in research and development and continues to focus on refining, enhancing and marketing its stable of product offerings - including MediaSentinel, MediaEscort, and SmartMarks - to help the entertainment industry, particularly in film and television.

Oculus VisionTech Inc. (Oculus) designs and markets technology for delivery of digital media. Oculus developed its MediaEscort, MediaSentinel and SmartMark digital watermarking products and technologies to provide a robust means for producers and distributors to invisibly protect their content. For more information visit www.oculusvisiontech.com.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.