Rim Semiconductor Company (fka RSMI)

[bobide1$$$]

New Visual Confirms Projection of $40 Million Worldwide Gross Sales


SAN DIEGO--(BUSINESS WIRE)--Sept. 29, 2003--NV Entertainment, a wholly owned subsidiary of New Visual Corporation (OTCBB:NVEI - News) and Top Secret Productions, LLC jointly announced today that the feature film, "Step Into Liquid" has eclipsed the $3 million dollar mark at the US box office.

"We are thrilled that audiences have embraced this film," remarked Brad Ketch, president and chief executive officer of New Visual. "The film is ahead of our revenue projections, and I am confirming our view that it will gross $40 million from all sources in all markets over the next twelve to fourteen months."

Now in theaters for the eighth week, "Step Into Liquid" has crossed another million dollar milestone. This triggers an additional theatrical bonus to New Visual and Top Secret Productions under the terms of the distribution agreement with Artisan. "This benchmark is important to us not only for the financial rewards we receive on US Box Office sales," notes C. Rich Wilson, Vice President of New Visual, "but also helps to raise the bar for home video presales and advances offered by foreign distributors as Step Into Liquid goes worldwide."

The Company asserts that the US Box Office tends to set values in other media markets and foreign territories based on key measurements like the box office gross, per theater averages, and hold over theaters. So far, "Step Into Liquid" has delivered on these indicators including the summer's #1 per theater average (IndieWire), the year's #3 opening weekend theater average (Variety), and the #1 weekly hold-over (Variety).

"Step Into Liquid" has now been viewed by greater than 500,000 US theater-goers. With over 4 million hits to the website and more than 2,000 congratulatory e-mail messages received by the Company to date, "Step Into Liquid" has been embraced by enthusiastic audiences. For more information on play dates and theater locations, please check the film's website at www.stepintoliquid.com.


http://biz.yahoo.com/bw/030929/295366_1.html