Academy Award Winning Technology Innovator Joins American Film Technologies As Senior Vice President, Chief Technology Officer NEW YORK, July 31 /PRNewswire/ -- American Film Technologies, Inc., (OTC Bulletin Board: AFTC) and (http://www.aftmedia.com), has announced that Lem Davis, the technical innovator instrumental in revolutionizing the digital production of animated feature films for Disney, Amblin and Warner Brothers, will join the Company as Senior Vice President and Chief Technology Officer. Davis won an Academy Award for the revolutionary high-volume, computer graphic/image processing/image management system (CAPS) created during his tenure at Disney. In announcing the appointment, Fred Rudy, AFT's President & CEO said, "having Lem Davis join us as Chief Technology Officer adds enormous depth to the Company as a producer of high-quality entertainment products and provides further testament to AFT as a leader in color special effects and film restoration. Lem played a leading role in the original development of technical and production systems for Disney Feature Animation, Amblin Entertainment, and Warner Bros. Feature Animation. His comprehensive knowledge of digital image processing, special effects and color management will be invaluable to the further evolution of our technology and the re-establishment of AFT as a leader in colorization, special effects and film restoration." Commenting on his new position, Davis stated, "I am extremely excited about the opportunity to direct the continuing evolution of AFT technology and production management systems. AFT came to my attention in the early 90s due to their extraordinary work on Steven Spielberg's first digitally produced animated feature, "We're Back" for Amblin Entertainment. All of AFT's unique innovations in animated feature production were direct spin-offs of the Company's patented colorization technology; a high-volume, high-resolution, low-cost special effects process that continues to evolve and remains leading edge today. We have exciting plans for the AFT core technology that will create a wealth of new opportunities for the Company, including film-resolution colorization, restoration and special effects for high definition television and cinematic exhibition as well as high quality film and TV commercials." After a brief stint in the aerospace industry, Davis moved to the entertainment realm at The Walt Disney Company in 1981 where he led the development of the Computerized Animation Production System (CAPS), a high-volume computer graphics/image processing/image management system designed to reduce costs and increase capabilities in feature animation production. That revolutionary system, which won Davis the Academy Award, has been utilized on virtually every Disney animated feature since 1990, including "Beauty & the Beast," "Aladdin," and "The Lion King." After proposing and designing the system, Lem's responsibilities included supervising a team of engineers and developers from both Disney and Pixar in implementing the ground-breaking system. Davis was most recently Chief Scientist of Warner Bros. Animation, a unit of Time Warner, Inc. (NYSE: TWX) where he provided overall guidance for the development and implementation of the technology used on Warner Bros. feature animation productions. While at Warner Bros. he initiated and co-developed a groundbreaking color management system, developed complex imaging software and systems, and led the development of an asset management system designed to simplify the management of terabytes of production data. From 1994 to 1995 Davis was Director of Technology at Amblin Entertainment where he designed, implemented and managed a digital production system in London expressly for Steven Spielberg's feature film, Balto. He was responsible for significant patents at Disney involving the CAPS project, as well as pending patents for a color management system at Warner Bros. and an independently developed Internet driven media delivery system. About American Film Technologies, Inc. Historically, AFTC's principal business has been the production of color versions of motion pictures and television programs originally produced in black and white. Today, the company intends to utilize its patented technology to restore, modernize and preserve classic films and TV shows while building and distributing its own irreplaceable library of proven content. This new content will provide a platform for AFTC to generate licensing fees, advertising and e-commerce revenue from a variety of sources, including broadcast, cable, DVD, VHS, and all emerging digital and broadband distribution channels. Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for forward-looking statements. Certain information included in this Press Release (as well as information in oral statements or other written statements made or to be made by American Film Technologies, Inc.) contain statements that are forward-looking, such as statements relating to the future anticipated direction of the company, plans for future expansion, various business development activities, planned capital expenditures, future funding sources, anticipated sales growth, and potential contracts and joint ventures. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future and accordingly, such results may differ from those expressed in any forward-looking statements made by or on behalf of the Company. For more information about these and other risks and uncertainties, see the SEC filings of American Film Technologies, Inc. SOURCE American Film Technologies, Inc. -0- 07/31/2000 /CONTACT: Joyce Brubaker, or Devon Blaine, both of Blaine Group, 310-360-1499, Fax, 310-360-1498, blaine@pacificnet.net, for American Film Technologies, Inc./ /Web site: aftmedia.com (AFTC TWX) CO: American Film Technologies, Inc. |