NewTek Releases XP-Compatible VT[2]® Update

Seventh Free Update for Integrated NLE suite

San Antonio, Texas -- January 28, 2003 -- NewTek, Inc., manufacturer of industry-leading 3D animation and video products, today announced the release of the seventh free update to VT[2]. The primary feature of the free update is that VT[2] now runs under Windows XP operating systems. The update also offers several new improvements in VT-Edit™, Digital Disk Recorder (DDR) and other modules.

"This VT[2] update brings a solid release to a solid new operating system, " said Brian Ehlers, owner of Video Memories, of Prairie du Chien, WI. "VT[2] provides an integrated and flexible set of production tools like nothing else at the price, and the pace of updates and enhancements shows NewTek's incredible commitment to the customer. This is exactly what we need in order to keep meeting our clients' needs."

Windows XP Professional joins Windows 2000 Professional as a recommended OS for VT[2], since it natively supports RAID 0 drive array striping, which is necessary for editing and real-time layering of multiple streams of uncompressed video and graphics. Users of Windows XP Home can perform editing of compressed video files from a standard EIDE or SCSI hard drive system, and also live-switching without video playback. XP Home users may gain access to uncompressed editing and layering features by using a system equipped with a hard drive controller that provides drive array striping.

“We're delighted to bring VT[2] to the powerful new XP operating system,” said Andrew Cross, Senior Vice President of Engineering for NewTek. “XP users now have access to NewTek's innovative and affordable professional editing and live production tools. This release demonstrates our continued commitment to aggressive advancement of our video and graphics technologies to ensure that our users have access to the most up-to-date tools available.”

VT[2] brings a complete integrated production suite to Windows XP. Capabilities include nonlinear editing with both storyboard and timeline interfaces, CG, paint, 2D and 3D animation, real-time layering of multiple streams of uncompressed video and graphics, audio mixing, and more. VT's user interface for these tools is modeled on the actual hardware familiar to producers and editors, providing an easy and intuitive transition to computer-based content production. Optional add-ons include the SX-8™, a Switcher capable of handling from 8 to 24 component, s-video, or composite inputs in virtually any combination; the RS-8™, a hardware control surface with T-bar and 8-input buses plus downstream key control; and an SDI I/O board.

Pricing and Availability
Registered owners of VT[2] who use the product with Windows 2000 will be able to download the update from NewTek's website; those who wish to use VT[2] under Windows XP may order the required new install CD from NewTek for $29.95 plus shipping and handling. Registered owners of VT 1.0 may purchase the VT[2] update for $495US from authorized NewTek resellers, worldwide. For further details on these and other NewTek products or to locate the NewTek authorized reseller or distributor for your region, see http:www.newtek.com.

About NewTek
With headquarters in San Antonio, Texas, NewTek is a leading provider of full-featured video editing, animation and special effects tools including VT®, LightWave 3D® and Aura Video Paint™. NewTek launched the desktop video revolution in 1990 with the release of the legendary VT®. The company’s products are used worldwide on projects ranging from home video to feature film. Recent television and film projects using NewTek software include Firefly, Taken, Smallville, Birds of Prey, Star Trek: Enterprise, We Were Soldiers, Panic Room, Hart’s War, Driven, A.I., Oscar®-nominated Jimmy Neutron, Boy Genius, Final Fantasy, Blackhawk Down, The Time Machine, Behind Enemy Lines and Star Trek: The Motion Picture, Director’s Edition DVD. Recent game titles include Doom III, Unreal Tournament, Serious Sam for XBox, Age of Mythology, Civilization III, Dead to Rights, Baldur’s Gate II, EverQuest and Escape From Monkey Island. Website: http://www.newtek.com

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•VT®, LightWave® and LightWave 3D® are registered trademarks of NewTek.
•VT-Edit, Aura Video Paint, LightWave® Express, VT-CG, VT-Vision VT-Scope, VT-DRR, SX-8 and RS-8 are trademarks of NewTek, Inc.
•All other products or brand names mentioned are trademarks or registered trademarks of their respective holders.