NewTek Ships SpeedEDIT™, World's Fastest Video Editor

Revolutionary video editor focuses on what's important -- telling your story.

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/dealers .

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, TriCaster PRO, SpeedEDIT, iVGA, TriCaster VM, Television Studio in a Box and 3D Arsenal are trademarks of NewTek, Inc.
• All other products or brand names mentioned are trademarks or registered trademarks of their respective holders.