BROOKLYN, N.Y., March 7, 2005 (PRIMEZONE) -- New Medium Enterprises, Inc., a U.S. public company, trading on Nasdaq OTC BB under the symbol NMEN (OTCBB:NMEN), announced today that it is presenting its VMD High Definition technology at the annual CEBIT fair in Hanover, Germany, on March 10 2005-March 16, 2005 in Hall 20, Stand B 15.
New Medium to unveil and demonstrate at CEBIT 130 minutes of genuine High Definition program stored on a 20GB Versatile Multilayer Disc (VMD). VMD is a red laser product for High Definition video content playback and computer Games. HD Cam content as well as 35 Film Motion Pictures have been encoded in MPEG-2, 1080i/p HD format and will be demonstrated at the CEBIT fair.
The CEBIT demonstration follows a highly successful premier demonstration of New Medium Enterprises, Inc.'s flagship VMD technology featured at the British Association of Film and Television Arts (BAFTA) held in London during 21-25 February 2005, which was extremely well received by industry participants.
New Medium is also planning a series of press conferences and screenings demonstrations in New York during the month of April, which is being rescheduled to a theatre venue compatible with the necessary technical accommodations for the High Definition screening.
CEBIT is the world's leading trade show for information technology, telecommunications & networks, software & services, which takes place annually every March in Hanover, Germany. Long acknowledged as the world's leading technology tradeshow, CEBIT attracts more than 500,000 qualified industry professionals and offers unparalleled access to buyers from around the globe. The trade show is attended by the key players in the media and optical storage sectors. The company anticipates that VMD technology will be well received by potential industry partners participating at the event.
About the Company:
New Medium Enterprises, Inc. has developed VMD a red laser technology of multilayer discs that store 20GB and 40 GB (laboratory prototypes) for HD playback at Home & Digital Cinema and computer Games. Further increases up to 50 GB will be implemented in 2006.
The playback drives, except for High Definition Decoder, are entirely the DVD drives. Therefore they are inherently compatible with DVD format and their production costs will be comparable to the production costs of DVD. The industrial production of VMD will start in 2005 and will be almost entirely based on the existing DVD production infrastructure.
The technology is also suitable for the future blue laser applications with further dramatic increases of the discs' capacity.
VMD is a high quality format with unparalleled built-in copyright protection that offers the most cost-effective solution for next generation optical media. The size of the market for VMD technology is substantial, since VMD can be adapted to any optical storage formats proposed, adding substantial capacity, and versatility of applications and ease of manufacturing to any of the formats that become VMD capable.
Forward Looking Statements:
The information contained in this press release, including any ``forward-looking statements'' within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 contained herein, should be reviewed in conjunction with the Company's Annual Report on Form 10-KSB, 8K reports and other publicly available information regarding the Company, copies of which are available from the Company upon request or can be found at http://www.sec.gov. Such publicly available information sets forth many risks and uncertainties related to the Company's business and such statements, including risks and uncertainties related to that are unpredictable and outside of the influence and/or control of the Company.
For more information about New Medium Enterprises, Inc. visit http://www.nmen.net.