|[August 18, 2004]
NuTech Digital Expects Strong Early Sales from Jessica Simpson Concert DVD; Initial Reality Tour Concert Revenues Anticipated at $350,000
LOS ANGELES --(Business Wire)-- Aug. 18, 2004 -- NuTech Digital, Inc. (OTCBB:NTDL), a worldwide leader in the production and distribution of original and licensed DVD content, announced today that as a result of strong early sales indications from its exclusive production agreement with Jessica Simpson for a concert of the Jessica Simpson Reality Tour, that it expects to generate a minimum of $350,000 in incremental revenue from the tour. NuTech has conducted preliminary discussions with interested parties, which have resulted in significant interest in the Broadcast and DVD, which will be produced in Hi-Definition to enhance the Reality Tour performance.
"Our initial premise that Jessica Simpson represents a highly marketable entertainment property has been validated to date," stated Lee Kasper, NuTech chairman, president and CEO. "Our early success here has given us the confidence to pursue additional high-profile entertainers, which should result in much larger revenue opportunities. These types of events also allow us to further develop the NuTech brand and enhance our reputation in the entertainment industry. The combination of our attractive lineup of exclusive Broadcast and DVD content, combined with high-profile events such as the Jessica Simpson concert should enable NuTech to expand revenue and earnings significantly in the months to come."
About NuTech Digital
NuTech Digital is a pioneer in the home entertainment product market, with more than 600 exclusive DVD titles and a growing library of High Definition music concerts. NuTech Digital offers original and licensed content via a worldwide network of distributors, retailers and Internet entities. NuTech Digital also has broadcast availability, DRM, and video on demand for many of its new products. NuTech Digital recently introduced its DRM technology, which enables the secure distribution of high-resolution digital content via the Internet www.nutechdigital.tv. NuTech's Digital's DRM platform allows its feature films, concerts, children's animated films, karaoke software, Japanese animation and late-night programming to be accessed via secure downloads and included in online subscription services. NuTech Digital also facilitates authoring services to content providers in the entertainment industry.
This press release contains forward-looking statements that involve risks, uncertainties and assumptions that, if they never materialize or prove incorrect, could cause NuTech Digital, Inc.'s results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in NuTech Digital, Inc.'s reports filed with the Securities and Exchange Commission.
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