NewTek Announces SpeedEDIT™ Upgrade

World’s Fastest Video Editor gets new key features

Las Vegas, Nevada -- NAB -- April 16, 2007 --

NewTek, Inc., manufacturer of industry-leading video and 3D animation products, today announced an upgrade to SpeedEDIT™, a resolution-independent video editor designed to work quickly and efficiently on any video project, from web streams to High-Definition. Amongst the new features included in this version are additional format support, improved plug-in capability and more..

“We are seeing everyone from students to Hollywood Visual Effects artists becoming editors thanks to the next Generation Workflow of SpeedEDIT.” said Philip Nelson, Vice President of Sales and Video Marketing. “With the addition of VST plug-in support and support for important additional file formats like DVCProHD and HDR imagery, SpeedEDIT makes editing easier and faster for anyone.”

New SpeedEDIT features include:

• WMVHD, VC1 and Windows Media Format 11 file writing support
  
• VST audio filter plug-in support
  
• DVCPro HD (MXF) file reading.
  
• Real-time Output support for NewTek video hardware cards
  
• Time Code burn-in for both local and project timecode
  
• Advanced Crossfade types
  
• Improved performance, quality, and stability
  

Pricing and Availability
SpeedEDIT is now shipping for $495 USD. Upgrade will be available Q2 as a free download for current SpeedEDIT clients. For more information or to purchase, call NewTek Sales at 800-368-5441or visit http://www.newtek.com/

About NewTek
With headquarters in San Antonio, Texas, NewTek provides full-featured live production, video editing and visual effects tools including TriCaster™, VT[4]™, SpeedEDIT™, 3D Arsenal™ and LightWave 3D®.

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• LightWave, LightWave 3D and Video Toaster are registered trademarks of NewTek
• TriCaster, TriCaster PRO, TriCaster STUDIO, LiveMatte, SpeedEDIT, iVGA, TriCaster VM, Television Studio in a Box and 3D Arsenal are trademarks of NewTek, Inc.
• All other products or brand names mentioned are trademarks or registered trademarks of their respective holders.