3.5 Million DVD Unit Mark Passed by Nimbus CD International.CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--July 8, 1998--Nimbus CD International, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :NMBS NMBS National Merchant Buying Society (UK) NMBS NATO Mailbox System NMBS Nationale Maatschappij Belgische Spoorwegen NMBS Nieuw Materiaal Bestellen Snel ), announced today that it has produced a combined total of more than 3.5 million commercial DVD-Video and DVD-ROM DVD-ROM: see digital versatile disc. A read-only DVD disc used to permanently store data files. DVD-ROM discs are widely used to distribute large software applications that exceed the capacity of a CD-ROM disc. discs since the launch of the format one year ago. Lyndon J. Faulkner, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Nimbus said, "DVD DVD: see digital versatile disc. DVD in full digital video disc or digital versatile disc Type of optical disc. The DVD represents the second generation of compact-disc (CD) technology. is slated to be one of the most successful consumer electronic product launches ever. Nimbus is extremely proud to be a part of that success through the support of our expanding DVD customer base. Our early commitment to the DVD format See VOB and DVD. , along with our continuing expansion of capacity and capabilities, gives us a critical depth of experience in all aspects of DVD manufacturing. This has been a very important issue for our clients and a key component of our ongoing success in the market." Nimbus currently manufactures all DVD formats, including DVD-5,-9 and -10. In addition, the company offers in-house DVD-ROM pre-mastering. Recently, the company announced a $22 million investment toward expanding DVD capacity and capabilities in its plants in the United States and Europe. Upon completion, Nimbus will have an annual DVD capacity of 28 million discs. Nimbus is one of the world's leading independent manufacturers of optical discs distributed throughout North America, the United Kingdom and continental Europe. The Company is at the forefront of optical disc manufacturing technologies and provides complete CD and DVD replication services. Headquartered in Charlottesville, Virginia, Nimbus operates additional facilities in Provo, Utah, the United Kingdom and Foetz, Luxembourg. For more information, visit Nimbus on the Internet at www.nimbuscd.com. "Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " Statement Under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995: This release contains forward looking statements that are subject to risks and uncertainties, including, but not limited to, the impact of competitive products and pricing, product demand and market acceptance, new product development, reliance on key strategic alliances, availability of raw materials, the regulatory environment, fluctuations in operating results and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission.
CONTACT: Nimbus CD International, Inc.
Lorri Haney
804/985-1100, ext.457
or
The Terpin Group
Kim Freeman
212/473-7500, ext. 11
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