NewTek, Inc. Promotes Philip Nelson to Director of Sales for North America

Nelson to lead the charge in further advancing VT®, Aura Video Paint
and LightWave 3D® Sales in North America

San Antonio, TX, July 24, 2002 NewTek, manufacturer of industry-leading 3D animation and video production products, announced today that it has promoted Philip Nelson to Director of Sales for North America.

“Philip has been instrumental in the development of the reseller channel in his territories, with his leadership we have seen significant growth the sales of our product throughout the region. This new position provides the opportunity for him to put these skills to use throughout North America,” said Jim Plant, President and CEO of NewTek.

In his new position, Nelson will manage and develop the sales organization for NewTek throughout North America, assisting in the growth and development of NewTek products in the region by identifying market potential, establishing effective channel strategies for the region and building and training a team of professional sales and product demonstrators.

“I joined the NewTek revolution in the early 1990’s when I bought my first VT®, it allowed me to compete and win in a field that would normally have been cost prohibitive. In 1998 when I officially joined the company, I wanted to show the world how empowering NewTek products really are,” said Nelson. “We have made amazing progress both in developing an extraordinary line of products and developing a strong reseller channel to support those products. I am excited to be on board to push the envelope even farther.”

Nelson joined NewTek in early 1998 as the Inside Sales Manager for the east coast region. In January 1999 Nelson was promoted to Regional Sales Manager for the central United States. In 2001 he assumed the regional sales management position for the east coast region. Prior to joining NewTek, Nelson sold and supported video production equipment at the reseller level for Mission Service Supply in Louisiana, Arkansas and Mississippi. Nelson also put his video production and entrepreneurial skills to work as the founder and owner of VAR Studios/Multimedia an award winning video production and Internet provider from 1991 to 1997, serving clients including Tim McGraw, Georgia-Pacific and Coca-Cola.

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® and LightWave 3D®, are registered trademarks of NewTek.