NewTek Announces Changes In Executive Management Team

New Vice President of Sales and Marketing Joins NewTek Team Bringing Years of Experience in Channel Development and Marketing

CONTACTS:

Jim Parsons (NewTek Director of Strategic Marketing)
(913) 228-8000

Keith Goodman (NewTek Vice President, Sales and Marketing)
(303) 448-9700

Hollie Wendt (Communications Consultant)
(408) 688-1193

August 6, 1996

Siggraph, New Orleans -- NewTek, Inc. announced today the addition of Keith Goodman to the executive management team. Goodman will fill the role of Vice President of Sales and Marketing. The responsibilities of this position include channel development, development and implementation of sales and marketing programs, along with management and recruitment of the growing NewTek sales and marketing division.

"We could not be more excited to have Keith join our management team." said Tim Jenison, Chairman and Founder of NewTek. "The expertise that he brings us with his experience in channel development and marketing, along with his in-depth understanding of computer graphic, desktop video, and multimedia technology make him the perfect person to carry the NewTek product line into the future."

Goodman joins NewTek from Access Graphics in Boulder, Colorado, the world's leading distributor in high-end Unix-based solutions for the graphics, engineering, and Internet markets. During Goodman's seven year tenure with Access Graphics he served as the Area Sales Manager for Southern California for three years, and then assumed the role of Business Development Manager Digital Media. In this role he increased Access' sales into the graphics market from $2.7 million in 1991 to over $100 million in 1996. Goodman's most recent position at Access Graphics was Strategic Sales Development where he was responsible for developing the Oracle sales initiative.

"I am tremendously excited about the channel opportunities that I see for NewTek and our technology. LightWave 3D is taking the graphics world by storm and with the recent relationships we have entered into with Apple and Sun Microsystems the potential is extraordinary." commented Goodman.

Goodman will oversee NewTek's sales and marketing efforts from a new facility being established in Boulder. NewTek currently distributes its products to over 200 authorized VARs with its 2-tier distribution system. Distribution is currently available in the following countries: Canada, Taiwan, Korea, France, Japan, Italy, United Kingdom, Spain, Singapore, Thailand, Philippines, Sweden Australia, Brazil, India Israel, Germany, Netherlands, and USA.

NewTek, Inc. is the leader in providing full-featured video editing and special effects tools at a price that allows anyone to produce professional video and graphics. The company's products are used worldwide on projects from home video to feature film and have won awards for television shows such as Babylon 5 and Star Trek. NewTek headquarters are located in the middle of the Silicon Prairie in Topeka, Kansas. Contact NewTek at 1200 SW Executive Drive, Topeka, KS, 66615, (913)228-8000, (913)228-8099 (fax), http://www.newtek.com.