LOS ANGELES, Nov. 5 /PRNewswire-FirstCall/ -- New Medium Enterprises (NME) (OTC:NMEN) (BULLETIN BOARD: NMEN) , provider of the affordable, high-quality HD VMD disc solution, announced today that Lawrence Lichter CPA has joined the company's Board of Directors. Lawrence Lichter will bring to NME a wealth of experience in managing financial services for successful public and Fortune 500 companies. With an extensive track record managing international businesses, he will work with the NME Board and senior management team to develop further its operations on a global scale. Mr. Lichter brings with him 25 years of financial services and experience as a Certified Public Accountant in the United States. In 1999 he became the Chief Financial Officer of Pacific American Services Group, LLC which owns an institutional securities firm and a financial services firm specializing in corporate tax preparation and business management. In 1991 he started his own accounting practice and for the last 16 years has worked with clients and consulted with firms internationally regarding their audit, accounting and SEC requirements. Lichter is also a former member of California Technical Review Panel of CPA's for State Department of Consumer Affairs. NME's CEO Mahesh Jayanarayan states, "He brings superb depth and experience in the area of financial services, and will no doubt be a tremendous asset to us. We look forward to his appointment as chair to the audit committee, in view of our pending application to list on a fully recognized US exchange." 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 and developers of the world's first ever commercial multilayer disc solution. NME's patented 2p process method succeeded in solving the technological problems which limited DVDs to two information layers. HD VMD's seamless and cost-effective manufacturing solutions for High Definition products are based on the existing DVD production and industrial infrastructure. HD VMD prices and costs are very close to DVDs and bring a quality that rivals both Blu-ray and HD DVD. HD VMD is a true HD format with 1920 x 1080i/p resolution, up to 40 Mbps bit rate playback, DVD up-scaling so users can 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. 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. For additional information about NME, please visit: http://www.hdvmdnews.com/ 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 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. NME Inc. USA Office: Yelena Popovic Executive VP US Operations 8721 Sunset Blvd, Suite P8 West Hollywood, CA 90069 Tel: +1 310 967 3084 Email: NME Inc. Global Office: Patrick Henningsen Director of Communications VMD House 195 The Vale London, UK W3 7QS Tel: +44208749 9955 Email: DATASOURCE: New Medium Enterprises Inc. CONTACT: USA Office, Yelena Popovic, Executive VP US Operations, +1-310-967-3084, , or Global Office, Patrick Henningsen, Director of Communications, +44208749 9955, , both of NME Inc. Web site: http://www.nmeinc.com/ http://www.hdvmdnews.com/

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