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NewTek Names Jim Plant President and CEO

(July 16, 2001)
NewTek announced the promotion of Jim Plant to the positions of President and Chief Executive Officer. Plant joined NewTek as a consultant in February and was named Executive Vice President of Business & Strategic Development in April. Jenison had held the President and CEO positions on an interim basis since early 1998. He will continue to act as Chairman of the Board and Chief Technology Officer.

"Over the many years Jim has been in the 3D and video industries, he has developed a superior knowledge of NewTek's business and the markets we address," said Jenison. "In addition, I believe Jim truly understands our users and has a true dedication to meeting their needs. He has also developed a very exciting vision for NewTek's future, which I strongly support."

In his position as President of NewTek, Plant will be responsible for the day-to-day management of the company's operations. As CEO, he will lead NewTek's executive staff in their ongoing efforts to oversee the development of groundbreaking products, innovative marketing and management of corporate growth. Plant will continue to report to Jenison.

"I've been associated with NewTek in various capacities for almost 10 years now, and what I know to be true is that NewTek has world class technologies, strong, well-known brands, and a great executive team and staff," said Plant. "It's an honor to lead this company and this group of people in their mission to develop and distribute revolutionary visual communication tools."

Plant served most recently as vice president of marketing communications at Geocast Network System. Prior to Geocast, he was the director of marketing and director of corporate communications at ReplayTV Inc., a pioneering digital video recorder company.

Plant is best known in the NewTek community as the founding editor-in-chief of Avid, the Amiga-Video Journal and of Video Toaster User Magazine. As chief executive officer of AMG Media, he also oversaw the launch and development of Alpha Visual FX magazine, LightWave Pro and the Video Toaster User Expo. Plant began his career as the director of corporate and educational sales at HT Electronics, focusing on the sales of desktop video production and visual effects hardware and software.

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