NewTek's LightWave 3D® Receives Emmy® Engineering Award

The Company’s Second Emmy Acknowledges Revolutionary 3D Animation Software

San Diego, CA, SIGGRAPH -- July 28, 2003 -- NewTek, Inc., manufacturer of industry-leading 3D animation and video products, today announced that LightWave 3D® has received the Academy of Television Arts and Sciences Emmy® Engineering Plaque for 2003. This is the company’s second engineering Emmy award; the company also won in 1993 for VT®, which is credited with creating the desktop video revolution of the last decade.

NewTek's LightWave 3D is a comprehensive 3D graphics production solution in use worldwide for broadcast graphics, games, print, web, and visual effects for film and television. LightWave®'s complete and integrated toolset for creating, animating and rendering 3D digital content helped revolutionize television visual effects production beginning in the early 1990s and continuing on through today.

This honor recognizes LightWave 3D itself, but LightWave 3D users are no strangers to the Emmy award. In the past decade, seven Outstanding Special Visual Effects Emmy award winners used LightWave 3D as their primary 3D animation package. This year, for the second year in a row, seven of ten nominees for visual effects were produced using LightWave, and this year every single nomination in visual effects for a series went to a LightWave based company.

“We're honored to receive this award from the Academy of Television Arts and Sciences,” said Jim Plant, President and Chief Executive officer of NewTek, Inc. “LightWave 3D’s overwhelming dominance in the field of television visual effects is no accident – its speed, power and workflow were all designed for people working with television time and budget restrictions. Our users love LightWave for its ability to create effects and animation that meet the highest standards of Hollywood, but at a price people all around the world can afford. We're humbled and gratified that the Academy has bestowed this recognition for the contributions of LightWave to the revolution in visual effects production, and with our upcoming release of LightWave [8] we expect that revolution to continue for years to come.”

Pricing and Availability
LightWave 3D [8] is expected to ship in the fourth quarter of 2003, for a suggested retail price of $1595US. LightWave 3D [7.5] is available now at authorized NewTek resellers worldwide for a suggested retail price of $1595US, and those who purchase from now until LightWave 3D [8] ships will receive a free electronic upgrade to LightWave [8]. Registered owners of LightWave 3D [7.5] or earlier are eligible to purchase an upgrade to LightWave [8] for $495US. To locate the nearest authorized reseller or distributor, see our reseller locater at http://www.newtek.com. Through September 15, purchases of full seats will include DFX+, a $995 value, Module 1 - Visual Effects, a $495 value, and Module 4 - 3D Tools, a $295 value, at no additional charge. Through July 31st, 2003, upgrades will include also includes DFX+ and Modules 1 and 4 at no additional cost. Purchasers who would prefer to receive upgrades in package form with printed manual and CD rather than in electronic form will be able to purchase a Convenience Upgrade option for $99, directly from NewTek. For more information on the items offered and to purchase direct from NewTek, visit: http://www.newtek.com or call NewTek Sales at 1-800-368-5441, overseas callers dial +1-210-370-8000.

NewTek is previewing LightWave 3D [8] at SIGGRAPH 2003, Booth # 2848, San Diego Convention Center, July 29-31, 2003.

About NewTek
With headquarters in San Antonio, Texas, NewTek is a leading provider of full-featured video editing, animation and special effects tools including VT[3]™, LightWave 3D® and Aura Video Paint™. 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 television and film projects using NewTek software include Children of Dune, Firefly, Taken, Smallville, Star Trek: Enterprise, Star Trek 10: Nemesis, 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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• LightWave, LightWave 3D and VT, are registered trademarks of NewTek.
• Aura Video Paint, and VT[3] are trademarks of NewTek, Inc.
• All other products or brand names mentioned are trademarks or registered trademarks of their respective holders.