NewTek to launch World’s Fastest Video Editor, SpeedEDIT™

Simultaneous 6-city launch event slated November 14, 2006

Monday, November 13, 2006 – NewTek, maker of innovative and industry-standard video and 3D animation products, is launching its newest creation, SpeedEDIT™, The World’s Fastest Video Editor, November 14. Simultaneous launch events are planned in New York City, Los Angeles, San Francisco, Miami, Chicago and Dallas.

NewTek SpeedEDIT™ is nonlinear editing software with a unique next-generation workflow, allowing you to focus on what’s most important – telling your story. SpeedEDIT™ brings a more efficient workflow with resolution-independent, aspect independent and format agnostic editing to any video project, from web streams to Hi Definition (HD), helping you transition smoothly into HD production, editing Standard Definition (SD) and HD clips on the same timeline.

“With so many editors that are accustomed film editing workflows, the problem today is that we are no longer editing film. In fact, most of Hollywood is leaving film behind. When designing SpeedEDIT, NewTek focused on the goal of developing the fastest way to edit digital video on a computer hard drive,” explains Philip Nelson, NewTek Vice President of Sales and Video Marketing. “SpeedEDIT lives up to the moniker of ‘World’s Fastest Video Editor’ as it avoids transcoding used in other professional editors and allows you to mix most popular formats like AVI, QuickTime, MPEG-2 and HDV in real-time.  SpeedEDIT also dynamically links a timeline and storyboard views to put the focus on storytelling instead of technique.”

SpeedEDIT™ features include:

Resolution independence
Frame-rate independence
Input most formats
Edits in native formats
Real-time, full-res HD previews
Combine SD & HD clips in real-time
Real-time up & down conversion
Linked Storyboard & Timeline views
CG Post™ animated titling
White Balance correction
Real-time 3-wheel color correction
4-band color selection
Modify project while it plays
Clips inherent for instant replacement
Intelligent background rendering
Create and recall clip presets
Tag clips by color
Tool Shed Automation
Optimized for Dual-core systems
Real-time 3D animation
3D audio positioning
Real-time interpolated slow motion
Output via FireWire™
Output any frame-rate
Output any video resolution
Output any aspect ratio
Unlimited Undo saved with project

Who: NewTek, Cool Friends of NewTek and industry professionals

What: Launch Celebration of NewTek SpeedEDIT™, World’s Fastest Video Editor

When: Tuesday, Nov. 14, 2006, 7:00 p.m.
    
Where:          New York City - SOHO 20 Chelsea Gallery
                      Los Angeles - Marriott Renaissance Hotel        
                      San Francisco - FireHouse
                      Miami- Hard Rock Cafe
                      Chicago - Excalibur
                      Dallas - Studio Movie Grill

Pricing and Availability
SpeedEDIT retails for $495 and will be shipping soon. 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[4]™, SpeedEDIT™, 3D Arsenal™ and LightWave 3D®.

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• LightWave, LightWave 3D and Video Toaster are registered trademarks of NewTek.
• TriCaster and VT[4] are trademarks of NewTek, Inc.
• All other products or brand names mentioned are trademarks or registered trademarks of their respective holders.