New Visual Appoints Zaiq Technologies Chairman; Rich McAndrew to Advisory Board of Directors.

Business Editors/High Tech Writers

SAN DIEGO--(BUSINESS WIRE)--May 2, 2002

New Visual Forms Alliance With Zaiq Technologies to Complete

FPGA-Based Prototype and First Generation ASIC 

New Visual Corporation (OTCBB:NVEI), an emerging provider of semiconductors to the high-speed data networking industry, today announced that it has appointed Rich McAndrew, Zaiq Technologies, Inc. founder and Chairman of the Board, to its Advisory Board of Directors.

With over 20 years of experience in the computer and technology industry serving as an executive leader and industry innovator with two patents awarded for his work in high performance floating point arithmetic and cache architecture, McAndrew will provide New Visual with invaluable technological and industry insight as well as collaborative development input. Prior to founding Zaiq (formally ASIC Alliance Corp.), McAndrew served as Vice President of Hardware Development at Computervision for over 10 years. During that period, he and his organization successfully delivered more than 20 ASIC projects, including several highly complex, multi-processor and parallel processor systems. In the early 80's, McAndrew founded Alliant Computer, considered the first company to offer a high performance, mini-supercomputer - the implementation of which pushed the state of the art in the utilization of ASICs.

In conjunction with this appointment, New Visual has formed a strategic alliance with Zaiq Technologies, Inc., a leader in the design and verification of complex, high performance electronic systems. Commenting on his new relationship with New Visual, McAndrew stated, "We are very pleased to be part of New Visual's future and are thankful to be a partner in completing their first run designs. We view this development not only as one that we are uniquely qualified to deliver on, but also a very exciting opportunity to help push the envelope in broadband communications."

Prior to committing to production of a first generation ASIC (Application Specific Integrated Circuit), it is customary for semiconductor providers to produce a prototype using an FPGA (Field Programmable Gate Array)-based hardware. The FPGA solution provides engineers with the ability to debug technology during testing, or to reprogram the technology at the design level to meet the needs of a variety of applications. To date, Zaiq has completed more than 400 outsourced design projects, working with both `blue chip and new chip' customers in complex silicon companies in major industries such as networking, wireless infrastructure, storage area networks, and semiconductors.

According to Ray Willenberg, CEO of New Visual Corporation, "Zaiq has earned a much-deserved reputation for its thorough system level outsource design and verification expertise. We are looking forward to utilizing their project management expertise and proven system level verification processes to expedite our time to market while achieving our stringent quality goals."

About Zaiq Technologies, Inc.

Founded as ASIC Alliance in 1996, Zaiq Technologies has been sharply focused on helping design teams address the most critical challenges in the development of complex, high-performance systems and integrated circuits. From the Company's beginning, it was clear that helping customers address increasingly difficult verification problems would have significant impact on delivering complete electronic products on time, on budget and with quality. In short, Zaiq's design verification software, reusable intellectual property, proven methodology and design expertise, together provide an unbeatable solution to today's verification bottleneck. To date, the Company has completed more than 400 project engagements and was ranked No. 35 on the "Inc. 500 List of Fastest Growing Companies" for 2001. For more information on the Company, please visit its web site at http://www.zaiqtech.com.

About New Visual Corporation

New Visual Corporation is pioneering the development of a proprietary broadband transmission technology with the mission to utilize existing copper telecommunications infrastructure to deliver video, voice and data at unprecedented transfer rates. The Company is developing technology that will allow the bundling of voice, video and data over existing copper telephone wires, potentially eliminating the need for fiber optic cable to the home or office. For more information on the Company, please visit http://www.newvisual.com.

With the exception of historical information contained in this press release, this press release includes forward-looking statements made under the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. These statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, including but not limited to the following: product development difficulties; ability to obtain financing; market demand and acceptance of its products; the impact of changing economic conditions; business conditions in the Internet and telecommunications industries; reliance on third parties, including potential suppliers, licensors and licensees; the impact of competitors and their products; risks concerning future technology; and other factors detailed in this press release and in the company's Securities and Exchange Commission filings.