Rim Semiconductor Company (fka RSMI)

[Benmack]

SAN DIEGO--(BUSINESS WIRE)--April 5, 2002--

Produced Using High Definition Cameras and Played Using Windows Media

Corona'' Technology, ``Step Into Liquid'' Clip Demonstrates High

Quality of Windows Media Audio and Video

NV Entertainment, a wholly-owned subsidiary of New Visual Corporation (OTCBB:NVEI), announced today that Microsoft has elected to demonstrate select footage of the Company's much anticipated, full-length surfing movie, ``Step Into Liquid,'' as part of its exhibit (Booth #L16501) at the upcoming NAB 2002. The clip will be played using a preview of the upcoming version of Windows Media Audio and Video technology, code-named "Corona." Touted as the world's largest electronic media show, NAB 2002 will be held in Las Vegas from April 6-11, 2002. The show, sponsored by the National Association of Broadcasters, is expected to play host to 110,000 attendees from 140 countries and 1,400 exhibiting companies from all segments of converging electronic media.

Ray Willenberg, Chairman and CEO of New Visual, stated: "Gaining this type of mass exposure for the film, preceding its scheduled debut this Summer, couldn't be more exciting for us. We are delighted that a technology leader, such as Microsoft, appreciates the craftsmanship that was committed to the production of ``Step Into Liquid.'' The high quality audio and video of Windows Media "Corona" provide a good match for this visually striking film and it's a terrific validation of our vision to produce a surfing film for the new millennium."

"By showing footage from ``Step Into Liquid,'' we're showcasing how the audio and video technologies coming in Windows Media `Corona' set a new bar for quality and compression efficiency," said Jonathan Usher, director of the Windows Digital Media Division at Microsoft Corp. "Corona's audio and video technologies also make it easy and inexpensive for content owners to distribute their work to a wide range of devices and venues."

About New Visual Corporation

New Visual Corporation is pioneering the development of a proprietary broadband transmission technology with the mission to utilize existing copper telecommunications infrastructure to deliver video, voice and data at unprecedented transfer rates. Through its NV Technology, Inc. subsidiary, New Visual is developing technology that will allow the bundling of voice, video and data over existing copper telephone wires, potentially eliminating the need for fiber optic cable to the home or office. For more information on the Company, please visit http://www.newvisual.com.

Step Into Liquid'' is being produced through a joint venture agreement between New Visual Corporation and Dana Brown, Bruce Brown and J.P. Beeghly.

With the exception of historical information contained in this press release, this press release includes forward-looking statements made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; market demand and acceptance of its products; ability to secure financings; the impact of changing economic conditions; business conditions in the Internet and telecommunications industries; reliance on third parties, including potential suppliers, licensors and licensees; the impact of competitors and their products; risks concerning future technology; risks associated with the film release Step Into Liquid, including the film's distribution; and other factors detailed in this press release and in the Company's Securities and Exchange Commission filings.

CONTACT:

New Visual Corporation, San Diego

John Howell, 619/692-0333

[e-mail]

or

For Financial and Media Relations:

Elite Financial Communications Group (West Coast)

Jennifer Pelczarski, 480/281-1493

[e-mail]

or

Elite Financial Communications Group (East Coast)

Stephanie Noiseux, 407/585-1080

[e-mail]

KEYWORD: CALIFORNIA NEVADA







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