VAN NUYS, Calif., May 16, 2006 (PRIMEZONE) -- In a release issued earlier, the company listed as a partner in the distribution agreement was incorrect; the company should have been Digital Acquisitions Company. The corrected release follows.
NuTech Digital, Inc. (OTCBB:NTDL), a worldwide leader in the production and distribution of original and licensed DVD content, today announced the execution of an exclusive distribution agreement with Digital Acquisitions Company, a United States based distributor.
Effective immediately, Digital Acquisitions Company, will receive exclusive worldwide distribution rights, including television broadcast rights, excluding Australia, Canada, and the United States of America, for the concert DVD productions of Gaelic Storm, 'Who Wanna Battle?', Fat Joe and D12. These distribution rights will complement distribution rights that NuTech already has in place for their products. The length of the term is for 3 years; the financial terms were not disclosed.
Lee Kasper stated, "This is yet another indication of the widespread interest in our entertaining productions. I am very pleased to be involved with Digital Acquisitions Company."
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. The Company recently launched its Platinum Concert Series with plans to produce and distribute many more Hi-Definition concert DVDs annually, featuring the biggest names in music today. NuTech Digital offers original and licensed content via a worldwide network of distributors, retailers and Internet entities, including Warner Music Group and CinemaNow. 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's Digital's DRM platform allows its feature films, concerts, 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.