NewTek, Inc., Promotes Philip Nelson to Vice President of Video Sales and Marketing

Promotion recognizes Nelson for outstanding leadership in growing NewTek's video business

Los Angeles, CA -- SIGGRAPH 2005 Booth #1529 – August 1, 2005 -- NewTek, Inc., manufacturer of industry-leading 3D animation and video products, today announced the promotion of Philip Nelson, to Vice President of Video Sales and Marketing. In his new position, Nelson will oversee the strategic and tactical sales and marketing initiatives of NewTek's line of video products on a worldwide basis. He will continue to report to NewTek president and CEO, Jim Plant.

"Philip has brought a new energy and direction to NewTek's video sales and marketing efforts," said Plant. "We've seen more than a 50% increase in revenue from our video line over last year, and Philip has played a leading role in that accomplishment."

Nelson first 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. In 2002 Nelson was promoted to Director of Sales for North America. After leaving the company for a short stint in 2003, Nelson rejoined NewTek in 2004 as Senior Director of Video Product Marketing.

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 company and Internet provider from 1990 to 1996, serving clients including Tim McGraw, Georgia-Pacific, ESPN Outdoors and Coca-Cola.

"NewTek is a truly unique company in the video industry," said Nelson, "We have a 20-year history of developing incredibly powerful content creation tools and making them available to entirely new groups of users. This is a heritage that I'm proud to be a part of, and I look forward to continuing that commitment to innovation at NewTek in the years to come."

About NewTek

With headquarters in San Antonio, Texas, NewTek is a leading provider of full-featured video editing, live production, presentation and visual effects tools including TriCaster™, VT[4] TM and LightWave 3D®. NewTek launched the desktop video revolution in 1990 with the release of the legendary Emmy®-winning Video Toaster®. The company's products are used worldwide on projects ranging from home video to feature film. Recent projects using NewTek production tools include Access Hollywood, Entertainment Tonight, ManiaTV, Battlestar Galactica, Children of Dune and The Final Cut. Clients using NewTek's video production products include NBC, MTV, Paramount Pictures, Zoic Studios, FEMA, SBC Center – San Antonio Spurs, U.S Navy Reserves, Yale University Medical School and McDonald's. Website: http://www.newtek.com

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