NewTek's VT[3] Live™ wins Alliance for Community Media 'Best Product 2004'

Integrated Production Suite is Complete and Affordable Solution for PEG Live and Post Production

San Antonio, Texas -- August 6, 2004 -- NewTek, Inc., manufacturer of industry-leading video and 3D animation products, today announced that VT[3] Live™, an integrated production suite for live and post production, was awarded "Best Product 2004" by the Alliance for Community Media during the recent ACM International Conference in Tampa, FL. VT[3] Live provides a suite of live production tools including Switcher with up to 24 inputs, keying, titling, DDR (Digital Disk Recorder) for integrating pre-recorded segments with live production, a Switcher control surface, realtime 2D and 3D DVE and much more.

"The needs of PEG (Public Access, Education and Government) facilities are as diverse as the volunteers who use the equipment," said Philip Nelson, NewTek's Senior Director of Video Marketing. "The ease of use and extreme power of the VT[3] Live™ allow PEG facilities to meet the needs of their users whether producing a live program, editing a personal project or creating graphics."

This is the second major award this year for NewTek's VT[3]™, which received "Best of Show - Streaming Hardware" from the Digital Video Professionals Association during NAB 2004, in recognition of the unique combination of comprehensive live production tools with built-in Internet streaming capability. VT[3] Live™ also provides pre- and post-production capabilities including storyboard and timeline editing, paint, 2D and 3D animation, and integration with many popular production tools.

"NewTek VT[3] Live™ was a unanimous winner of the 2004 Best Product award during our annual conference," said Bunnie Riedel, Executive Director of the Alliance for Community Media. "With budgets tight and demands on local PEG facilities high, the VT[3] Live™ allows management to deliver both the quality and the features required for any PEG facility."

VT[3] Live™ Integrated Production Suite overview:

• Ease of use - designed for professionals who need to get work done on time and on budget
• Complete suite of virtual equipment - monitors, decks, switchers, waveform/vectorscopes, audio mixer and more
• Integrated timeline and storyboard editing
• Multi-format and multi-standard editing, with standards conversion on the fly in real-time
• Real-time playback of compressed and uncompressed clips
• Native DV support, component, Y/C, and composite I/O
• Real-time 3D transitions, slow motion and reverse, chroma and luma keying
• 2D video paint with pixel tracking, filters, more
• LightWave 3D®, Emmy®-winning world-class 3D graphics and animation
• Live streaming

Pricing and Availability
The VT[3] Live™ Bundle is priced at $5,995.00 and includes the VT[3]™ cards/software, SX-8 Switcher and the RS-8 Switcher Control Surface. The VT[3]™ is priced at $2995US. Available options include the SX-8 Switcher for $1995US, RS-8 Switcher Control Surface for $995US, and SDI I/O daughter card for $995US. For information on the nearest NewTek authorized reseller, see http://www.newtek.com/dealers.

About NewTek, Inc.
With headquarters in San Antonio, Texas, NewTek is a leading provider of full-featured video editing, animation and special effects tools including VT[3]™, and LightWave 3D®, winner of the 2003 Primetime Emmy® Engineering Award. NewTek launched the desktop video revolution in 1990 with the release of the legendary Video Toaster®. 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 The Last Samurai, Threat Matrix, Children of Dune, Firefly, Taken, Smallville, Star Trek: Enterprise, Star Trek 10: Nemesis, Matrix Reloaded, Collateral Damage, The League of Extraordinary Gentlemen, Agent Cody Banks, 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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