Laser-Pacific Media Corporation Wins Fifth Emmy

Hollywood, Calif. (October 17, 2001)--Laser-Pacific MediaCorporation (Nasdaq: LPAC) has been awarded a Scientific andTechnological Emmy for its contributions to the creation of the 24PHigh Definition technology that has become standard throughout theindustry.

The National Academy of Television Arts and Sciences, in ceremoniesheld last night in New York, presented a 2001 Technological/EngineeringEmmy Award to LaserPacific citing their "contribution to theadvancement of television arts through unique technologicalinnovation." This award marks the fifth such Emmy award for theHollywood-based company.

In accepting the award, LaserPacific President Emory Cohen said,"This recognition is a significant acknowledgment of our vision of howa common digital postproduction system can serve the needs of programproducers in the era of diverse digital distribution formats. The highdefinition 24P system that we created and architected, has, almostovernight, become the industry standard for high definition prime-timepost-production. Nearly every dramatic or comedy program currentlybeing broadcast in high definition in prime-time has employed thesystem devised by LaserPacific."

In addition to Cohen, Randolph Blim, LaserPacific's Senior VicePresident-Engineering, and Doug Jaqua, Vice President, Engineering arecredited with this achievement.

The system was a direct response by LaserPacific senior managementto the 1997 FCC digital television specification, which allowedbroadcast networks to implement multiple and incompatible digitalformats. The Laser-Pacific 24P system created a means for programproducers and content owners, whether utilizing film or 24 framedigital production techniques, to create a common 1080-line highdefinition 24P master. This single "ultimate master" not only allowsfor the distribution of programs in any current analog, digital or highdefinition format, but will also accommodate the future high definitionformats that are envisioned worldwide.

The engineering of the system began in January 1998. In June 1998,LaserPacific began meeting with manufacturers to secure a commitment toparticipate in its 24p project. Eleven manufacturers ultimately agreedto create the necessary 1080/24p elements to meet LaserPacific’soperational target set for the beginning of the 1999/00 televisionseason. Participating in the project were Sony, Philips, Evertz,Nvision, Leitch, DaVinci, Tektronix, Leader, YEM, MTI, and DigitalVision.

"This award recognizes the complex development efforts and importantcontributions that were required to create a system that incorporatesproducts from a diverse group of manufacturers, all of whom have theirown significant engineering skills," says Blim. "I am extremely proudof how the LaserPacific technology team was able to lead the industrytoward this considerable accomplishment."

The 1080/24P postproduction system, including all in-house andexternally developed elements, was fully functional in July of 1999,meeting the target of the 1999/2000 television season. Using its 24Phigh-definition system, LaserPacific completed eight prime-timeepisodic series in the 1999/2000 television season, ten prime-timeepisodic series in the 2000/2001 television season, and is currently atwork on fifteen episodic series for the 2001/2002 television season.Additionally, LaserPacific has provided services on multiple televisionmovies and miniseries postproduced using the system. The motion-pictureindustry has begun utilizing 24P postproduction techniques in thecreation of motion pictures, mastering for home video and for emergingdigital cinema applications.