reprinted from a NewTek press release: San Antonio, Texas – January 22, 2007 — NewTek, Inc., manufacturer of industry-leading video and 3D animation products, announced SpeedEDIT, the World's Fastest Video Editor, will ship today. 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 independently mixing resolutions aspects and formats on any video project. Multi-definition editing of native clips – from web streams to Hi Definition (HD) – help you transition smoothly into HD production, by editing Standard Definition (SD) and HD clips on the same timeline. "The industry is rapidly abandoning the concept of film," says Vice President of Sales and Video Marketing Philip Nelson. "NewTek wanted to design video editing software that leaves the proverbial film on the cutting floor." SpeedEDIT was consequently designed for faster editing of digital video on a computer hard drive. "SpeedEDIT definitely lives up to the moniker of 'World's Fastest Video Editor' by avoiding transcoding steps used in other professional editors, as well as mixing the most popular formats like AVI, QuickTime, MPEG-2 and HDV in real-time," Nelson explains. "SpeedEDIT also provides uniquely linked timeline and storyboard views, focusing on rapid feedback and smooth storytelling." SpeedEDIT features include: Resolution independence Frame-rate independence Aspect independence Input most fomats Aspect independence Edits in native formats Real-time, full-resolution HD previews Combine SD & HD clips in real-time Real-time up and down conversion Linked storyboard and timeline views CG Post animated titling White Balance correction Real-time 3-wheel color correction 4-band color selection Modify your 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 and Quad-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 Awards Since its launch in 2006, SpeedEDIT has won the following industry awards: 4Ever Group Product Innovation Award 2006; NAB Innovation Award 2006. Pricing and Availability 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 an Authorized NewTek Reseller, please visit http://www.newtek.com.

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