NuTech Digital Enters Exclusive License Agreement for 34 New Titles
Agreement with Ken Groove Productions for its Complete Animation Catalog
LOS ANGELES--(BUSINESS WIRE)--March 5, 2004--NuTech Digital, Inc. (OTCBB:NTDL), a leader in Digital Rights Management (DRM) technology for the secure Internet distribution of entertainment content, announced today that it has entered into an exclusive licensing agreement with Ken Groove Productions to distribute its complete animation catalog with first right of refusal on all new releases. Pursuant to the terms of the agreement, the complete library of 34 animation titles will be available exclusively through NuTech's multiple distribution platforms. The announcement was made by Lee Kasper, chairman and president of NuTech.
"Ken Groove Productions is known throughout Asia as being one of the leaders in animation design and story lines," stated Mr. Kasper. "It has captivated audiences with record sales of its productions and has been sought after by Western animation enthusiasts. Converting the nuances of each character was an important part of the production process. Each title will also be available with English subtitles to maintain the integrity of the original story line."
Mr. Kasper went on to note, "Ken Groove Productions has never licensed its high quality movies for distribution in North America. It is a natural progression for NuTech to represent its product line with our existing high quality animation productions."
NuTech Vice President Joe Giarmo concluded, "The Ken Groove animation movies are twice the typical production budget for films of this type, and as a result, the extraordinary quality will add significantly more visibility and monetary value to our current catalog."
About Ken Groove
Ken Groove Productions was formed in 1986 as a movie and music software wholesaler and distributor for Sony Pictures Entertainment Japan, Warner Entertainment Japan, Pony Canyon, TOHO, Toei and Victor Entertainment. In 2000, Ken Groove entered into film production and distribution. Ken Groove has numerous facilities throughout Japan that produce animated films, video games, feature films and one of Japan's largest retail distribution networks.
About NuTech Digital
NuTech Digital is a pioneer in the home entertainment product market, offering original and licensed content via a worldwide network of distributors, retailers and Internet entities. The Company enjoys significant competitive advantage with the recent announcement of its proprietary DRM technology, which enables the secure distribution of high-resolution digital content via the Internet. NuTech's DRM platform allows its feature films, concerts, children's animated films, video games, karaoke software, Japanese animation and late-night programming to be accessed via secure downloads, rented through pre-delivered DVDs, and included in online subscription services. The Company also facilitates authoring services to content providers in the entertainment industry.
LOS ANGELES--(BUSINESS WIRE)--March 5, 2004--NuTech Digital, Inc. (OTCBB:NTDL), a leader in Digital Rights Management (DRM) technology for the secure Internet distribution of entertainment content, announced today that it has entered into an exclusive licensing agreement with Ken Groove Productions to distribute its complete animation catalog with first right of refusal on all new releases. Pursuant to the terms of the agreement, the complete library of 34 animation titles will be available exclusively through NuTech's multiple distribution platforms. The announcement was made by Lee Kasper, chairman and president of NuTech.
"Ken Groove Productions is known throughout Asia as being one of the leaders in animation design and story lines," stated Mr. Kasper. "It has captivated audiences with record sales of its productions and has been sought after by Western animation enthusiasts. Converting the nuances of each character was an important part of the production process. Each title will also be available with English subtitles to maintain the integrity of the original story line."
Mr. Kasper went on to note, "Ken Groove Productions has never licensed its high quality movies for distribution in North America. It is a natural progression for NuTech to represent its product line with our existing high quality animation productions."
NuTech Vice President Joe Giarmo concluded, "The Ken Groove animation movies are twice the typical production budget for films of this type, and as a result, the extraordinary quality will add significantly more visibility and monetary value to our current catalog."
About Ken Groove
Ken Groove Productions was formed in 1986 as a movie and music software wholesaler and distributor for Sony Pictures Entertainment Japan, Warner Entertainment Japan, Pony Canyon, TOHO, Toei and Victor Entertainment. In 2000, Ken Groove entered into film production and distribution. Ken Groove has numerous facilities throughout Japan that produce animated films, video games, feature films and one of Japan's largest retail distribution networks.
About NuTech Digital
NuTech Digital is a pioneer in the home entertainment product market, offering original and licensed content via a worldwide network of distributors, retailers and Internet entities. The Company enjoys significant competitive advantage with the recent announcement of its proprietary DRM technology, which enables the secure distribution of high-resolution digital content via the Internet. NuTech's DRM platform allows its feature films, concerts, children's animated films, video games, karaoke software, Japanese animation and late-night programming to be accessed via secure downloads, rented through pre-delivered DVDs, and included in online subscription services. The Company also facilitates authoring services to content providers in the entertainment industry.
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