NuTech Releases 16 New Titles From Ken Groove
VAN NUYS, Calif.--(BUSINESS WIRE)--July 19, 2004--NuTech Digital, Inc. (OTCBB:NTDL), a leader in Digital Rights Management technology for the secure Internet distribution of entertainment content, announced today that it has released the next 16 of 34 titles licensed exclusively from Ken Groove Productions. The Company plans to distribute its complete animation catalog and has secured the right of first 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.
"We have had an excellent response with the introduction of the first 6 titles from Ken Groove Production's Lemon Heart line," stated Lee Kasper, Chairman and CEO of NuTech Digital. "With these 16 new releases, including the much anticipated Blue Eyes line released in June, we are very optimistic that their higher production value will continue to define our strength in our animation line of DVD products."
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 in to 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, 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 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.
Cautionary Statement
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.
"We have had an excellent response with the introduction of the first 6 titles from Ken Groove Production's Lemon Heart line," stated Lee Kasper, Chairman and CEO of NuTech Digital. "With these 16 new releases, including the much anticipated Blue Eyes line released in June, we are very optimistic that their higher production value will continue to define our strength in our animation line of DVD products."
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 in to 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, 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 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.
Cautionary Statement
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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