NewTek Announces 2002 International Wavy Award Competition

Academy Award-Nominated Jimmy Neutron Creator John Davis to Present Special Award Recognizing a Great Up-and-Coming New Artist

San Antonio, TX - May 28, 2002 - NewTek, Inc., the company that revolutionized the world of visual effects and 3D animation, announced a call-for-entries in the 2002 International Wavy Awards. The Wavy Awards competition is devoted to the recognition of excellence and creativity in 3D animation and graphic creation. The Awards are an open competition for both professional and student/amateur entrants. The only limitation is that entries must be accomplished using any version of LightWave 3D®, Aura Video Paint™, or VT®. Entries may be from Professional or Amateur contestants, and the categories for entry include Visual Effects, Broadcast Graphics, Print Graphics, Short Film, Music Video, New Media, and Gaming.

"The Wavy Awards are an excellent way to have your best design and animation work seen by your peers and key people in the industry," said Jim Plant, NewTek president and CEO. "These international awards are our way of recognizing excellence and creativity world-wide in 3D animation and graphics design, creation, and imagination. Our users are incredibly talented and imaginative, and I expect the awards to again gather significant attention from the industry."

The recognition garnered by winning the Wavy Award opens doors for new talent. "Winning a Wavy Award back in 1994 really got the ball rolling for DNA," said John Davis, creator of Oscar-nominated Jimmy Neutron. "At the time, Jimmy Neutron was a short film. After winning the award, the short was written up in magazines and became something people noticed. The exposure that the Wavy Award brought was something that we couldn't have received any other way." Davis will present a Special Award at the Wavy presentation ceremony for the most promising young talent.

About the International Wavy Awards
The International Wavy Awards competition is devoted to the recognition of excellence and creativity in 3D animation and graphic creation. The competition is open to any work using LightWave 3D®, Aura Video Paint, or VT®. Entries will be accepted in the categories of Visual Effects, Broadcast Graphics, Print Graphics, Short Film, Music Video, New Media (web / CD-ROM applications), and Gaming. Instructions and entry deadline can be found on NewTek's web site at www.newtek.com/wavy2002. Awards will be presented at a special screening in San Antonio during the week of SIGGRAPH (July 23-25, 2002).

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.

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