|
FOR IMMEDIATE RELEASE
SAN ANTONIO, March 2, 1998 - NewTek, manufacturer of industry-leading 3D animation and video production products, today announced Tim Jenison, the company's founder and chairman, will assume the position of interim president and CEO, succeeding Dwight Parscale. Mr. Parscale will be leaving to pursue other opportunities.
Tim Jenison is considered the visionary force behind the desktop video revolution. Since founding NewTek in 1985, Jenison has led in the design of a series of ground-breaking products and has guided the company as it continues to pioneer innovative and affordable tools for computer-generated animation, video and film special effects.
"NewTek creates products that not only reflect the company's entrepreneurial spirit, but that also empower users to become entrepreneurs themselves, said Jenison. " In 1997, NewTek achieved its highest sales year ever with a 46% growth rate for the year. I am excited about continuing with the development of future ground breaking products and guiding the company to even greater success in 1998," Jenison continued.
NewTek will begin an executive search for a new president and CEO immediately. The company will seek a technology executive with established industry knowledge and demonstrated experience in high growth companies.
About NewTek
With headquarters in San Antonio, NewTek is the leader in providing full-featured video editing and special-effects tools that allow anyone to produce professional video and graphics. The company's products are used worldwide on projects from home video to feature film, including some of the most widely anticipated recent blockbusters, such as Men In Black, Titanic, The 5th Element and The Jackal. Contact NewTek at 8200 IH-10 West, Suite 900, San Antonio, TX 78230. Phone (210)370-8000. FAX (210)370-8001.
( http://www.newtek.com)