NewTek Unleashes LightWave® [7.5] with
Free Upgrade Offer for All [7] Users

LightWave® [7.5] Packs in New Features -
Includes New Multi-Platform Duo-Dongle and
Special Upgrade Pricing for All LightWave® Users

San Antonio, TX - April 25, 2002 -- NewTek, Inc., manufacturer of industry-leading 3D animation and video production products, continued their tradition of affordable innovation today by releasing LightWave 3D® [7.5], a feature-packed new upgrade to their award-winning LightWave 3D® modeling, rendering, and animation package. The upgrade is available free for current version [7] owners, and is available for download immediately from NewTek at http://www.newtek.com and their worldwide partners. Additionally, the software will ship with both Macintosh and Windows versions in the same box and a new USB duo-dongle that will work on either platform. New York City is the location of the gala launch event for LightWave® [7.5] today, Thursday, April 25th.

LightWave® users who have not yet upgraded to version [7] will find this the perfect time to move up to the new LightWave® [7.5]. LightWave® [7.5] is crammed with new features and improvements, both big and small, and it's got the speed, power, and stability users need for getting work done quickly and easily. As an added incentive, NewTek is extending the upgrade price of $395US to owners of any previous version of stand-alone LightWave® for the next 60 days.

"LightWave 3D® gives us the flexibility and power that we need to produce Oscar® winning effects, with one of the most advanced 3D toolsets available," said Gary Coulter, 3D | CG Supervisor at Mill Film. "[7.5] is an amazing update to an already outstanding package."

Free Demonstrations Available
"For those who don't use LightWave® yet, just stop by a NewTek dealer and get a free demo of this new version -- take a good hard look at the software," recommends Arnie Cachelin, LightWave 3D® engineer and evangelist. "Like tens of thousands of artists, you might decide that LightWave® is the only animation software you need. Even if you currently use another 3D application, you'll see that LightWave 3D®, the truly complete modeling, animation and rendering package, will give you incredible new capabilities."

Major Upgrade sets LightWave® ahead of Competition
The depth and affordability of this upgrade sets LightWave 3D® far above the competition. NewTek's philosophy has always been to make the most innovative and high quality tools available to the largest number of users worldwide. LightWave® [7.5] is another example - dozens of new features and improvements, available to the user base at no cost and with no hidden 'service contract' fees.

"With four significant upgrades in about a year and a price drop that caused other 3D companies to react in panic, LightWave® is poised to launch a second revolution and we want as many people as possible to be part of it," said Allen Hastings, chief architect of LightWave 3D®.

LightWave 3D® now ships with a duo-dongle, allowing users to have a single license for both Windows and Macintosh machines. This will not only save them money, but will give users the flexibility of having a copy of LightWave 3D® on a work machine running Windows and a home machine running a Mac OS or vice versa. LightWave 3D® has long been a leader in cross-platform capability, and the duo-dongle will further increase flexibility for users.

Recently praised by several publications, LightWave® [7] received the Macworld Editor's Choice (Eddy Award) in the 3D category for 2001, a four-out-of-five-star review from Game Developer Magazine, and a "Freakin' Awesome" rating by MacAddict. LightWave® [7] is also being used in projects including covers on Newsweek and Time Magazine; feature films including Panic Room, We Were Soldiers, Blackhawk Down, Oscar-nominated Jimmy Neutron, Boy Genius and Hart's War; game titles such as Serious Sam I and II, Civilization III, and Twisted Metal: Black; as well as television series such as Star Trek: Enterprise, Dune: The Miniseries, and The Family Guy.

Pricing and Availability
LightWave® [7.5] is currently shipping for a suggested retail price of $1595US, and the [7.5] update is available for download immediately from NewTek's web site, as well as international NewTek partners. Registered owners of stand-alone LightWave 3D® may upgrade to version [7.5] for $395US, for the next 60 days. LightWave® [7] is available for Macintosh OS 9 and OS X-native, and for Windows 98, 2000, Me and NT4, and runs on AMD and Intel processors. A convenience upgrade is available for registered users of LightWave® [7] that includes the, product CD, and duo-dongle for $95US. Product is available through NewTek's channel of authorized resellers and distributors worldwide or direct from NewTek's web site at 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 the 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. Contact NewTek at 5131 Beckwith Blvd, San Antonio, TX, 78249. Phone: 210-370-8000, fax: 210-370-8001, Web site: http://www.newtek.com or http://www.lightwave3d.com.

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· LightWave 3D® and VT® are registered trademarks of NewTek.
· VT-Edit, Aura Video Paint, LightWave® Express, VT-CG, VT-Vision, VT-Scope and VT-DDR are trademarks of NewTek, Inc
· Other product names used in this publication are for identification purposes only and may be trademarks of their respective companies.