Good deal. Yet another sign of positive progress on NVEI's part. Thanks for posting the link.
NV Entertainment Licenses ``Step Into Liquid'' to Microsoft
Monday March 3, 7:05 am ET
Clip From Surf Adventure Film to Demo Windows Media 9 on DVD Sampler
SAN DIEGO--(BUSINESS WIRE)--March 3, 2003--NV Entertainment, a wholly owned subsidiary of New Visual Corporation (OTCBB: NVEI - News) and Top Secret Productions, LLC, announced today the completion of a digital content license agreement with Microsoft Corporation for a promotional clip of Step Into Liquid, a surfing adventure film produced by Top Secret Productions.
The non-exclusive, worldwide license was granted to Microsoft in exchange for $70,000 in cash and authorizes use of the 7 1/2 minute clip for the distribution of up to 6 million Microsoft DVD samplers targeted for release this summer. In an effort to demonstrate the advanced player features of Windows Media 9(TM), Microsoft has selected multiple high quality clips from a wide range of films, including Step Into Liquid.
"This is exciting for us for a number of reasons. First and foremost, we are pleased to continue a rewarding partnership with Microsoft and want to thank them for recognizing our film as a signature piece in the future of digital film making," notes Ray Willenberg, Chairman of New Visual and executive producer of the film.
Mastered in the new High Definition format, Step Into Liquid is optimally suited for Microsoft's media player initiatives in the new era of digital filmmaking. "Also, the exposure associated with reaching 5 to 6 million consumers with a teaser of the film at a time when we are beginning to promote it, is incredibly valuable," concludes Willenberg.
The deal comes as Top Secret Productions begins to market the acclaimed motion picture, which has recently been favorably reviewed in Variety and Surfing Magazine.
About Step Into Liquid
Step Into Liquid is a Dana Brown film that tells tales from twenty different locations. It features surfing legends like Laird Hamilton and Dave Kalama surfing at Jaws, an aerial spectacle from Taj Burrow in Australia, the Malloy brothers in Ireland, Peter Mel, "Skindog" Collins and crew surfing Monster Mavericks, super tanker wake surfing in Texas, Rapa Nui's first-ever tow-in, long-boarding on Lake Michigan, and a highly anticipated footage of Cortez Banks and its sixty-foot plus waves. For more information: www.steptintoliquid.com.
About NV Entertainment
Based in San Diego, NV Entertainment, Inc. is a subsidiary of New Visual Corporation, a late-development-stage fabless communications semiconductor company. For more information, visit www.newvisual.com. The company owns 50 percent of Top Secret Productions, LLC, the maker of Step Into Liquid.
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; 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 of 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
C. Rich Wilson, 619/692-0333
info@newvisual.com
--------------------------------------------------------------------------------
Source: New Visual Corporation
News 
Market Data 
Discover 
