NewTek, Inc., Promotes Dr. Andrew Cross to Senior Vice President of Engineering

Promotion recognizes Cross for outstanding leadership, innovation, and responsiveness to user needs

San Antonio, Texas -- August 5, 2002 -- NewTek, Inc., manufacturer of industry-leading 3D animation and video products, today announced the promotion of Dr. Andrew Cross, PH.D, to Senior Vice President of Engineering.

“Andrew’s contributions to the development of VT[2] have proven both his leadership and his technical management ability,” said Jim Plant, CEO and President of NewTek. “Andrew exemplifies NewTek’s care and concern for our customers’ needs, which is the cornerstone of our product development and marketing. As Senior Vice President of Engineering, he will be able to apply these qualities in an oversight role for all of NewTek’s development efforts.”

In his new position, Cross will oversee the day-to-day activities of the development of the entire line of NewTek products including VT®, LightWave 3D® and Aura Video Paint®. In his new role, Cross will be the driving force behind the ongoing development and expansion of NewTek's video and graphics software line.

“Andrew helped VT[2] set a new standard for a powerful, comprehensive, integrated and easy-to-use video and graphics production environment,” said Tim Jenison, NewTek Founder and CTO. “Andrew’s extraordinary background and capability in video and in 2D and 3D graphics software programming have always had implications for each of our products, and now we’ll be taking better advantage of his proven skills across our entire product line.”

“NewTek’s products represent a broad range of innovative technology, produced by talented and creative development teams,” noted Cross. “Working with these teams and carrying out development while fully engaged with our incredible user community is both a privilege and a challenge, and something truly unique in this industry.”

Cross joined NewTek in 1998 as a senior software engineer. Since that time Cross was promoted first to lead engineer on the VT[2] project, and then to Vice President of Video Software development. Prior to joining NewTek, Cross was a freelance programmer of graphics software including GenesisVfX, a special effects program for use with NewTek's LightWave 3D® animation system. Cross has a Bachelor of Science degree from The Victoria University of Manchester and Doctorate of Philosophy from The University of York.

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