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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Profile: International Entertainment