Re: EU Confiscation of Moneys

Re: EU Confiscation of Moneys

LONDON, April 7/PRNewswire/ -- Over the last 48 hours it has come to the attention of the Company that
stories have been emerging on the Internet and in the press that EU officials
have confiscated moneys from Sony and Microsoft and which have subsequently
been provided to NME to promote fair competition in the High Definition
optical disc market.

This coverage further goes on to state that 'representatives from both
Sony and Microsoft denied any payoffs to each other, but it's been rumoured
that the money was confiscated by EU officials who wanted to promote fair
competition by subsidizing NME, makers of the HD-VMD format.'

In response to this recent press coverage NME would like to stress that
it is not aware of, or party to any such activities by Sony, Microsoft or any
actions by the authorities within the European Union in this regard.

Geoff Russell, NME's Acting CEO stated today, "We cannot be sure where
these rumours started or why, only to say that we have had no contact with EU
Authorities in this respect. However, the NME management team cannot deny
that we have watched the blue laser debate with interest and that Toshiba's
withdrawal changes nothing for the majority of disc replicators and DVD based
OEMs in the world, since the capital cost and risk of migrating to blue laser
technologies in a market that has a finite life is nonsensical."

Economic and reliable production of an HD capable red laser disc is the
rationale behind the development of VMD, and this has now been realised.
Please see coverage of the unveiling of the VMD multilayer optical disc
production facility in Eindhoven in January 2008.

About VMD and Blu-ray

Both Blu-ray and VMD formats offer the capacity required for High
Definition film on a six inch optical disc; both formats have a pipeline of
players and content hitting the market; however only one can be produced by
the world's current manufacturing base at a consumer-sustainable price, and
that is VMD as it is based on red laser DVD and largely uses the same
production platform and equipment.

The blue laser format has struggled to gain a market foothold and very
few manufacturers have acquired the equipment needed to produce 'blue'
players and discs. With a market lifespan being shortened by satellite, cable
and download, the significant investment required to produce them makes
economic viability difficult for manufacturers, particularly in less affluent
markets where the high street price will always have to be much lower.

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 mass market format 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 offering
for the consumer electronics market. For additional information about NME,
please visit: http://www.nmeinc.com

SAFE HARBOR

The 'Press Release' contains forward-looking statements as defined by the
federal securities laws which are made pursuant to the safe harbor 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.

For further information please contact:
NME, Inc.
Siok Chua
VMD House
195 The Vale
London, UK W3 7QS
Tel: +44(0)208-749-9955
Email: siok@nmeinc.com

Source: New Medium Enterprises Inc

For further information please contact: NME, Inc., Siok Chua, VMD House, 195 The Vale, London, UK W3 7QS, Tel: +44(0)208-749-9955, Email: siok@nmeinc.com

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