da Vinci Systems' Parent Company Acterna Emerges From Chapter 11 Bankruptcy Protection

CORAL SPRINGS, Fla. -- da Vinci Systems announced that its parentcompany, Acterna Corporation, has emerged from Chapter 11 bankruptcyprotection, just five months after its initial filing.

"We are pleased to announce that we have emerged from Chapter 11bankruptcy much earlier than expected, and we would like to thank ourcustomers, suppliers, and partners for their support and patience,"said da Vinci CEO Michael Arbuthnot. "da Vinci looks forward tocontinuing its focus on engineering top-quality film and videoenhancement and restoration systems by acting responsively tocustomers' requests and to developments in the industry. We willcontinue to be a strong and viable company and focus on customerservice and new product development."

During Acterna's reorganization, da Vinci continued its commitmentto remaining a leader in film and video technologies. The companyrecently launched several new products, including the Resolve family ofsoftware-based color enhancement systems with configurations for visualeffects work and digital intermediate production, plus its firstreal-time 2K processing system. Recently, da Vinci also introduced itsbrand-new Nucleas digital intermediate product suite, which includesingest, server interface, conform, and format modules to facilitate anend-to-end, integrated digital intermediate workflow.

More information about the da Vinci color enhancement and filmrestoration technologies can be found at www.davsys.com.