FOR IMMEDIATE RELEASE

NewTek Develops a Faster Way to Edit Multi-Definition Video

NewTek SpeedEDIT™ bridges support between Standard and High Definition Video

San Antonio, Texas – August 1, 2006-- As standard definition video is being replaced with High definition, many production facilities must still utilize their existing content libraries. NewTek SpeedEDIT allows producers to mix multiple formats (avi, MPEG-1, MPEG-2, QuickTime) and multiple resolutions (SD 4:3, SD 16:9, HD 720p and 1080i) on the same timeline without transcoding or rendering.

SpeedEDIT helps producers by editing the full-resolution video in real-time, within its dual timeline and storyboard interface, bypassing any intermediate transcoding or pre-trimming. SpeedEDIT further accelerates the editing process by dynamically linking Storyboard and Timeline, allowing many common editing functions in fewer steps. Ripple edits, clip replacement, segment repositioning, 3D video rotation, color correction, animated titles and Targa sequence playback are just a few of the routine tasks that SpeedEDIT performs faster than any other professional editing package.

“SpeedEDIT is a valuable tool for the production industry during this transition from SD to HD,” says Philip Nelson, Vice President of Sales & Video Marketing for NewTek. “SpeedEDIT helps you craft the story without regard to format or resolution, easily mixing SD archive with newer HD clips in the same project so you can concentrate on the message, instead of the medium.”

Key SpeedEDIT features include:

• Resolution Independence – edit anything from web streams to HD
• Mix SD and HD clips in the same project
• Supports all frame-rates and resolutions
• 16:9 and 4:3 aspect support
• Support for MPEG-2, HDV, DV, AVI, QuickTime, Flash and more
• Project output via FireWire to camera or deck
• Real-time 3-wheel color correction
• Advanced 4-band selective color selection
• Multi-threaded software optimized with dual-core computers

Pricing and Availability
SpeedEDIT will be available summer 2006 and will retail for $495. For more information, please visit http://www.newtek.com or call NewTek Sales at 1-800-368-5441, international callers dial +1-210-370-8000. To locate a NewTek Authorized Reseller, please visit http://www.newtek.com/dealers, or to locate a NewTek International Distributor, please visit http://www.newtek.com/dealers/international.php

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[5]™, SpeedEDIT™, 3D Arsenal™ and LightWave 3D®.
Website: http://www.newtek.com/

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• LightWave and LightWave 3D are registered t rademarks of NewTek.
• TriCaster, TriCaster PRO, SpeedEDIT, iVGA, TriCaster VM and 3D Arsenal are trademarks of NewTek, Inc.
• All other products or brand names mentioned are trademarks or registered trademarks of their respective holders.