NewTek's VT[3]™ wins DVPA 'Best of Show' at NAB

VT[3] Live Streaming capabilities expand audience delivery

San Antonio, Texas -- June 9, 2004 -- NewTek, Inc., manufacturer of industry-leading video and 3D animation products, today announced that VT[3]™, an integrated production suite for live and post production, was awarded Best of Show for streaming hardware by the Digital Video Professionals Association during NAB 2004. Throughout NAB, NewTek’s live stage presentation was switched using 4 cameras, titles added and streamed to the Internet with a VT[3] Live™.

“With the rapid adoption of broadband, people are turning to the web for more and more of their information. We have seen an amazing trend of corporations, churches and educators turning to live web streaming to get their messages out”, said Philip Nelson, NewTek's Senior Director of Video Marketing. “One of the key benefits of using the VT[3] Live™ for web streaming is that all video is processed uncompressed until it is encoded as a streaming file which provides the highest possible video stream quality.

“The NewTek VT[3] was a member favorite and a worthy recipient of the DVPA Best of Show Award for Streaming Hardware,” said Rod Harlan, Executive Director of the Digital Video Professionals Association. “This all-in-one product solution really appealed to members and staff alike because of its inclusion of a full-featured editor, along with streaming hardware at a very affordable price-point.”

VT[3] Live™ Integrated Production Suite overview:

• Ease of use - designed for professionals who need to get work done on time and on budget
• Complete suite of virtual equipment - monitors, decks, switchers, waveform/vectorscopes, audio mixer and more
• Integrated timeline and storyboard editing
• Multi-format and multi-standard editing, with standards conversion on the fly in real-time
• Real-time playback of compressed and uncompressed clips
• Native DV support, component, Y/C, and composite I/O
• Real-time 3D transitions, slow motion and reverse, chroma and luma keying
• 2D video paint with pixel tracking, filters, more
• LightWave 3D®, Emmy®-winning world-class 3D graphics and animation
• Live streaming

Pricing and Availability
The VT[3] Live™ Bundle is priced at $5,495.00 and includes the VT[3]™ cards/software, SX-8™ Switcher and the RS-8™ Switcher Control Surface. The VT[3]™ is priced at $2,995US. Available options include the SX-8 Switcher for $1,995US, RS-8 Switcher Control Surface for $995US, and SDI I/O daughter card for $995US. For information on the nearest NewTek authorized reseller, visit http://www.newtek.com/dealers.

About NewTek, Inc.
With headquarters in San Antonio, Texas, NewTek is a leading provider of full-featured video editing, animation and special effects tools including VT[3]TM, and LightWave 3D®, winner of the 2003 Primetime Emmy® Engineering Award. NewTek launched the desktop video revolution in 1990 with the release of the legendary Video Toaster®. The company's products are used worldwide on projects ranging from home video to feature film. Recent television and film projects using NewTek software include The Last Samurai, Threat Matrix, Children of Dune, Firefly, Taken, Smallville, Star Trek: Enterprise, Star Trek 10: Nemesis, Matrix Reloaded, Collateral Damage, The League of Extraordinary Gentlemen, Agent Cody Banks, Daredevil, Spy Kids II, We Were Soldiers, Panic Room, Hart’s War, Driven, A.I., Oscar®-nominated Jimmy Neutron: Boy Genius, Final Fantasy, Blackhawk Down, The Time Machine and Star Trek: The Motion Picture - Director’s Edition DVD. Recent game titles include Doom III, Unreal Tournament, Serious Sam for XBox, Age of Mythology, Civilization III, Dead to Rights, Baldur's Gate II, EverQuest and Escape From Monkey Island. Website: http://www.newtek.com.

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• Video Toaster, LightWave and LightWave 3D are registered trademarks of NewTek.
• VT[3], VT[2], VT-Edit, Aura Video Paint, LightWave Express, VT-CG, VT-Vision VT-Scope, VT-DRR, Tool Shed, Tool Chest, SX-8 and RS-8 are trademarks of NewTek, Inc.
• All other products or brand names mentioned are trademarks or registered trademarks of their respective holders.