NewTek, Inc., Makes Cutting-Edge 3D
and Video Tools Affordable

Offers Feature Aggressive Discounts on
LightWave 3D® and VT[2]
for Game Developers and Graphic Artists

San Antonio, Texas -- June 14, 2002 -- NewTek, Inc., manufacturer of industry-leading 3D animation and video products, today announced an exciting slate of special offers to run from now through July 31st, 2002. These limited-time offers feature the best-priced competitive upgrade specials that NewTek has ever presented for both LightWave 3D® and VT[2]. NewTek is also gearing aggressive specials towards game developers and graphic artists. The promotions are available today through any NewTek authorized reseller, or directly from NewTek.

Owners of competing products now have an excellent opportunity to complement their current toolset with NewTek's powerful products. Unlike recent competitive upgrade offerings from other manufacturers, purchasers will not have to retire their current application or tool to take advantage of these offers. Registered owners of more than half a dozen other 3D applications can purchase LightWave 3D® for $995US. Registered LightWave® owners will also be able to purchase an additional seat of LightWave® at the $995 price, allowing them to affordably run the software on multiple computers. Registered users of ten video and editing products are eligible to purchase VT[2] for $2495US, or VT[2] with the SX-8™ Expansion Module for $3995US.

Game developers currently using another 3D application are eligible to purchase LightWave 3D® for $995US. "LightWave 3D® is the secret weapon for the most successful game developers," said William Vaughan, NewTek's LightWave® Evangelist. "For the last three years in a row, Gamespot's Game of the Year winner has been a game produced using LightWave®. There's just no substitute for LightWave®'s fast, easy and powerful modeling tools."

An offer for graphic artists using a variety of 3D animation packages rounds out NewTek's offers. Owners of LightWave 3D® and many other popular 3D packages can purchase VT[2] for $1995US. "VT® is a great tool for animation and visual effects," said Jack "Deuce" Bennett II, of Creative Imagineering, Inc. "I love that I can drag a folder of image sequences into VT-Edit, and it will play back the animation for you in real time. No rendering necessary!" Bennett went on to say, "Being able to work in pretty much any format, compressed or uncompressed, and to output in component, Y/C or composite means I have no limits on what jobs I can take."

Special Offer Details

• LightWave 3D® Competitive Upgrade: $995US. For registered owners of Softimage™, 3D Studio Max™, Maya™, Electric Image™, Strata Studio Pro™, Cinema 4D XL™ and Mirai™. Registered LightWave® owners will also be able to purchase an additional seat of LightWave® at the $995 price.
• LightWave 3D® Game Developers Special: $995US.
• Competitive Upgrade to VT[2]: $2495US VT[2]/ $3995 VT[2] + SX-8™. For registered users of Casablanca™, Media 100™, DPS™, Discreet Edit™, Avid™, Pinnacle™, Final Cut Pro™, Adobe Premier™, Trinity/Globecaster™ and Targa 3000™.
• VT[2] for Graphic Artists: $1995 VT[2]. For registered owners of Softimage, 3D Studio Max, Maya, Electric Image, Strata Studio Pro, Cinema 4D XL and Mirai.

These specials are available from any Authorized NewTek Reseller, from NewTek's web site at http://www.newtek.com/buynow or by calling 1-800-TOASTER. Find a local NewTek Authorized Reseller at www.newtek.com/dealers.

Visit NewTek at SIGGRAPH - Booth #8084, in the Henry B. Gonzales Convention Center, July 23-25, 2002, San Antonio, TX.

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