Monolith Films Supports the HD VMD Format in Eastern Europe

Monolith Films Supports the HD VMD Format in Eastern Europe

LONDON, Aug. 30 /PRNewswire/ -- New Medium Enterprises, Inc. (NME) (BULLETIN BOARD: NMEN) , a company bringing affordable HD home entertainment to the globe through the HD VMD (Versatile Multilayer Disc), announced a deal with the largest Eastern European independent content distributor, Monolith Films. Titles provided by Monolith will be released on HD VMD discs, enabling the region's movie fans to finally experience the quality of true HD at home.

Monolith Films was established in 2000 and has an impressive film catalogue of 450 titles. Monolith has become a major player in Poland's and Eastern Europe's cinematographic industry specializing in three main business areas: theatre distribution, home video distribution and international sales.

Their agreement with New Medium Enterprises will see the release of a new Bundle Box with an HD VMD player and 5 new Monolith films release of other new titles, so that the HD VMD movie catalogue will continue to grow progressively.

Mariusz Lukomski, President and CEO of Monolith Films comments, "HD VMD is a new and exciting disc format. We are looking forward to seeing many sales of our HD VMD films this winter, which is just around the corner."

Alexander Bolker-Hagerty, EVP of Business Development of NME, is glad that the company has begun co-operation with another European content distributor. He comments: "We believe that Monolith and HD VMD is the beginning of a long and fruitful affiliation. NME has strengthened its position in Eastern Europe and we are really looking forward to entering this market. We want HD VMD to be a hit, trickling down through the other Eastern European countries."

What you should know about HD VMD:

HD VMD (Versatile Multilayer Disc) is NME's proprietary high definition disc format based on established red laser technology. HD VMD's seamless and cost-effective manufacturing solutions for HD products are based on the existing DVD production infrastructure. HD VMD prices and costs are very close to DVDs and bring a quality that rivals Blu-ray and HD DVD.

HD VMD is a true HD format with 1920 x 1080i/p resolution, up to 45 Mbps bit rate playback and DVD upscaling, allowing users to watch their existing DVD collection and achieve premium picture quality through their HD TV monitors. The HD VMD player is suitable for playback on all HD-capable display devices and will support existing optical disc formats: CD, DVD. The HD VMD players also feature Advanced Encryption Standard (AES) and all region codes for greater film viewing flexibility.

HD VMD is currently being adopted by content providers and distributors in more than a dozen regions worldwide, including Australia, Brazil, Central Europe, China, France, Germany, Iceland, India, Japan, Scandinavia, Middle East, Russia and the United States.

About NME:

New Medium Enterprises Inc. is listed on the OTC BB exchange in the U.S. under the symbol NMEN; NME's HD VMD drives offer the world's first affordable solution in true High Definition based on current red laser technology and the existing DVD industrial infrastructure. Incorporating break-through optical storage capacity, red laser-based players, the HD VMD file format, copyright encryption, authoring tools and compression technologies, NME is providing the only high-quality and high-value HD offering for the consumer electronics market.

For additional information about NME, please visit: http://www.nmeinc.com/

SAFE HARBOUR

The 'Press Release' contains forward-looking statements as defined by the federal securities laws which are made pursuant to the safe harbour provisions of the Private Securities Litigation Reform Act of 1995.

Forward-looking statements may discuss our future expectations, contain projections of our future results of operations or of our financial position, or state other forward-looking information. However, there may be events in the future that we are not able to accurately predict or control. Forward-looking statements are only predictions that relate to future events or our future performance and are subject to substantial known and unknown risks, uncertainties, assumptions, and other factors that may cause actual results, outcomes, levels of activity, performance, developments, or achievements to be materially different from any future results, outcomes, levels of activity, performance, developments, or achievements expressed, anticipated, or implied by these forward-looking statements. As a result, we cannot guarantee future results, outcomes, levels of activity, performance, developments, or achievements, and there can be no assurance that our expectations, intentions, anticipations, beliefs, or projections will result or be achieved or accomplished. In summary, you should not place undue reliance on any forward-looking statements.

Eastern European PR Contact:
Monika Chmielowska
Eastern Europe Manager
NME Inc.
Tel: +44 (0) 208 746 2018
Mob: +44 (0) 7747 5628 53
Email: monika@nmeinc.com
W: http://www.nmeinc.com/http://www.nmeinc.pl/

NME Public Relations Contact:
Patrick Henningsen
Director of Communications
NME Inc.
Tel: +44 (0) 208 746 2018
Email: patrick@nmeinc.com
W: http://www.nmeinc.com/

First Call Analyst:
FCMN Contact:

Source: Financial Filings Corp.

CONTACT: Monika Chmielowska, Eastern Europe Manager,
+44 (0) 208 746 2018, cell, +44 (0) 7747 5628 53, monika@nmeinc.com, or
Patrick Henningsen Director of Communications, +44 (0) 208 746 2018,
patrick@nmeinc.com, both of NME Inc.

Web site:

http://www.nmeinc.com/

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