VAN NUYS, Calif., April 22, 2004 (PRIMEZONE) -- NuTech Digital, Inc. (OTCBB:NTDL), committed to setting the next generation standard for the provision of secured high resolution entertainment content over the Internet, today announced it has entered into a national distribution agreement with Dollar Tree Stores, Inc. (Nasdaq:DLTR) (website: http://www.dollartree.com )
Commenting on the agreement, CEO Lee Kasper stated, "We are very pleased to begin distributing our titles through Dollar Tree's national chain of retail stores. Dollar Tree's first order with us is in excess of $1 million dollars, which we plan to ship during the second quarter. With over 2500 locations nationally, we expect sales of our DVD titles to increase significantly. This agreement further demonstrates our commitment to our goal of expanding our business by selling to national retailers, who generally buy in large quantities."
About Dollar Tree Stores
Dollar Tree Stores Inc. is the nation's leading operator of single-price point dollar stores. As of January 31, 2004, Dollar Tree operated 2,513 stores in 47 states. Dollar Tree also operates a coast-to-coast logistics network of nine distribution centers. Dollar Tree is a member of the NASDAQ 100 index.
About NuTech Digital
NuTech Digital is a pioneer in the home entertainment product market, with more than 600 exclusive DVD titles and a growing library of high definition music concerts. NuTech Digital offers original and licensed content via a worldwide network of distributors, retailers and Internet entities. NuTech Digital also has broadcast availability, DRM, and video on demand for many of its new products. NuTech Digital recently introduced its DRM technology, which enables the secure distribution of high-resolution digital content via the Internet. (www.nutechdigital.tv) NuTech' Digital's DRM platform allows its feature films, concerts, children's animated films, karaoke software, Japanese animation and late night programming to be accessed via secure downloads, and included in online subscription services. NuTech Digital also facilitates authoring services to content providers in the entertainment industry.
Cautionary Statement
This press release contains forward-looking statements that involve risks, uncertainties and assumptions that if they never materialize or prove incorrect, could cause NuTech Digital, Inc.'s results to differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any projections of earnings, revenue, or other financial items, any statements of the plans, strategies, and objectives of management for future operations, any statements concerning proposed new products, services or developments, any statements regarding future economic conditions or performance, statements of belief and any statements of assumptions underlying any of the foregoing. These statements are based on expectations as of the date of this press release. Actual results may differ materially from those projected because of a number of risks and uncertainties, including those detailed from time to time in NuTech Digital, Inc.'s reports filed with the Securities and Exchange Commission.