April 20, 2004

VENACA ANNOUNCES NEW STRATEGIC PARTNERSHIP WITH NESBIT SYSTEMS TO OFFER SEAMLESS MIGRATION TO COMBINE ANALOG AND DIGITAL LIBRARIES

Las Vegas - April 20th - Venaca, a leading provider of enterprise-level media asset management solutions, has partnered with Nesbit Systems Inc. (NSi) Media Library System, the leading provider of production library materials management solutions, to provide Nesbit customers with a seamless migration path from a tape-based environment to a tape/file-based one. Both companies recognize that large tape-based production libraries will evolve over time to a dual requirement for file-based digital libraries that require MAM capabilities and physical asset control systems. This partnership provides for Nesbit customers a best of breed solution to enter and thrive in a digital production environment.

"We at Venaca recognize that analog libraries will remain part of production and broadcast workflow and that by partnering with Nesbit, the industry leader, we jointly offer our customers a best of breed migration path," said Eric Bolten, Vice President of Sales for Venaca.

"The industry needs broader support systems for media assets. Whether those assets are a digital file, a tape or a DVD, they need to be managed and tracked. The uniting of Venaca's S3 MAM system with Nesbit's Media Library System is a powerful combination," said Irene Nesbit, President of NSi.

About Nesbit Systems

For over 20 years, Nesbit Systems has been an industry leader in developing video library management software for companies in the cable, broadcasting and new media marketplace. Nesbit Systems' list of clients has grown to encompass the titans of media, including Disney, Fox, IMG/TWI, CBS, NBC and AOL/Time Warner. The Media Library System is now at over 250 sites worldwide. Visit www.nesbit.com