NewTek Announces Availability of PAL Version of VT[2]

VT[2] will now be available to markets throughout the world

NAB - Las Vegas, NV -- April 8, 2002 -- NewTek announced today shipment of VT[2], the TV-Studio-in-a-Box™ in PAL video standard will begin on May 1, 2002. The latest release of VT[2] provides end users with the ability to work in the PAL video format, the primary video standard throughout Europe, China, Malaysia, and many other parts of the world. This follows NewTek's announcement of a major new upgrade of VT[2] software, which not only delivers over 50 new features and improvements, but also provides for dual NTSC/PAL compatibility at no additional charge.

"For me the biggest news about VT[2] is that we are finally delivering the promise of affordable broadcast production to the rest of the world," said Tim Jenison, founder and chief technology officer of NewTek. "The PAL standard countries didn't get to join us for the last video revolution because the Amiga VT® was only available in NTSC. This time the VT is for everyone."

"This is a significant step for the PAL market," said Franck Lafage, Director of NewTek Europe. "Europe and other PAL standard countries have been waiting for 10 years to appreciate the power of the VT®. We missed the first VT® revolution, but we're ready for VT[2]!"

VT[2] is a Windows 2000-based live video production environment. The wide array of integrated software tools includes live switching of component, Y/C, composite, SDI and Firewire® sources; character generation; real-time nonlinear editing of uncompressed and compressed files; 2D video painting and compositing, 3D modeling and animation and much more.

All-in-one
The VT[2] provides all the following in one integrated suite:

• PAL and NTSC capture and output
• Component, Y/C and Composite Live Switching
• Over 300 real-time digital video effects
• VT-Edit™ the world's fastest non-linear editing system
• Aura™ [2.5] Video Paint
• LightWave® Express™ 3D modeling and animation
• VT-CG™ character generator
• VT-Vision™ on-screen video monitors
• VT-Scope™ Waveform monitor/Vectorscope
• VT-DDR™ Digital Disk Recorder
• Desktop DDR Module
• Speed Razor® 4.8SE
• Per input Proc Amps
• Internal time base correction of all inputs
• And more (visit www.videotoaster.com)

Pricing and Availability
The Dual Standard (NTSC/PAL) VT[2] is available immediately with a suggested list price of $US2,995.00. The upgrade is free for existing VT[2] customers. The upgrade price from VT® 1.0 to [2] is $US495.00. The optional SX-8 Switcher Expansion module retails for $US1,995.00 The optional SDI input/output module retails for $995.00. VT[2] is available worldwide through NewTek's extensive distribution channel.

Suggested system requirements for VT[2] are a Windows 2000-based system with a Pentium 4 processor at 1.5 GHz or better, Intel 850 chipset, 512 MB of PC800 ECC RAM, 20GB ATA-100 7200 RPM System drive, Adaptec 19160 Ultra-160/M SCSI Controller, 4 Ultra-160/M SCSI 10,000 RPM Drives striped as a video RAID, and an nVidia based GeForce or Quadro2 graphics card.

About NewTek
With headquarters in San Antonio, Texas, NewTek is a leading provider of full-featured video editing, animation and special effects tools including the VT®, LightWave 3D® and Aura. 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 film and television projects using NewTek software include We Were Soldiers, Panic Room, Hart's War, Driven, A.I., Oscar®-nominated Jimmy Neutron, Boy Genius, Final Fantasy, Blackhawk Down, The Time Machine, Black Knight, How The Grinch Stole Christmas, The 6th Day, Jurassic Park III, Behind Enemy Lines, X-Men The Movie, Star Trek: The Motion Picture, Director's Edition DVD, Pitch Black, Dracula 2000, Star Trek: Enterprise, Roughnecks: Starship Troopers, Star Trek: Voyager, Star Trek: Deep Space Nine, The X-Files, The Family Guy, Ally McBeal, Dune: The Miniseries, Dawson's Creek and Family Law. Recent game titles include Deus Ex, Serious Sam I and II, Twisted Metal: Black, Civilization III, Unreal, Quake 3 Arena, Moto Racer World Tour, Giants for PS2, Baldur's Gate II, EverQuest, Planescape: Torment, Dead To Rights, and Escape From Monkey Island. Contact NewTek at 5131 Beckwith Blvd, San Antonio, TX, 78249. Phone: 210-370-8000, fax: 210-370-8001, website: http://www.newtek.com or http://www.videotoaster.com.

· LightWave 3D®, VT®, and Aura are trademarks of NewTek.
· Other product names used in this publication are for identification purposes only and may be trademarks of their respective companies.