SOURCE: NuTech Digital, Inc.

May 14, 2008 11:58 ET

First Quarter Profits From Operations Reported by NuTech Digital, Inc.

LOS ANGELES, CA--(Marketwire - May 14, 2008) - NuTech (OTCBB: NDGT) timely filed its 10Q, showing profits from ongoing operations of $331,299 after all expenses and before taxes. This translates to a quarterly profit of $.60 per share computed on the basis of the current number of issued and outstanding shares subsequent to the Company's reverse split of 1 share for 60 shares. The continuing profitability of the Company is the result of management's effort to reduce overhead and shift from the Company's old business of filming and distributing music concerts. The new business of NuTech is creating a new telecommunications offering consisting of a virtually unlimited number of entertainment channels, Video on Demand, 2way video (real time and broadcast quality), Internet access, and Voice over IP in a single, inexpensive set top box (STB) using a variety of broadband connections, including wireless and DSL.

Plans to roll out a dramatically different set top box were highlighted by a decision to name the STB "FRED."

NuTech's current profits are from "FRED" sales in the Multi-Dwelling Unit marketplace and in the security and surveillance market. "Each sale is the result of a focused effort in a specific vertical market where we expect tremendous follow-up sales," said Richard Greenberg, President of NuTech. "Our intention is to build market share and awareness in those markets where we see the greatest income potential even though our technology can be marketed in just about any communications or entertainment vertical."