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To: GARY P GROBBEL who wrote (884)	3/20/2001 10:04:27 AM
From: GARY P GROBBEL	Read Replies (2) \| Respond to of 120405

just out for adtc...could catch on: (BSNS WIRE) A.D.Tech Announces Exclusive Licensing Agreement With Newtek Ca A.D.Tech Announces Exclusive Licensing Agreement With Newtek Capital, Inc.'s Partner Company Direct Creations LLC for New Grilling Products Business Editors TAUNTON, Mass.--(BUSINESS WIRE)--March 20, 2001--Advanced Deposition Technologies, Inc. (NASDAQ:ADTC) (BSI:DTI) announced today that it signed an exclusive license agreement for a retail and related consumer application with Newtek Capital, Inc.'s (AMEX:NKC) partner company Direct Creations, LLC to distribute new microwave heating products that develop high temperature grilling in the microwave oven. These new patented and patent pending microwave grilling products offer the consumer a level of grilling performance in a microwave that has never been commercially viable. While there are some very successful conventional, electric grilling devices in the market today, there has never been a cost effective microwave grilling product that provides similar cooking performances in a fraction of the time and with similar results. Foods such as hamburgers, chicken and fish can be grilled in a microwave and produce high temperature conventional grilling appearances, texture and taste. Direct Creations, LLC develops and markets innovative products via short and long form advertisements, traditional retail distribution channels, and the Internet. The founders, Robert Hanington, Jeffrey Freedman and David Augustine, through predecessor companies, have developed and marketed a number of successful direct response products, including the well-known "AB Roller" category of abdominal exercisers. Through its network of experienced inventors, the company seeks products which are unique in solving a common need of a large target market and which have the potential to create an on-going brand for multiple follow-on offerings. Direct Creations is headquartered in New York City. Newtek Capital, Inc. (AMEX: NKC) is a holding company that acquires, develops and operates technology-oriented early stage businesses. Since 1998, NKC has raised more than $119 million of certified capital and has made investments in 19 companies, 9 of which are controlled by NKC. Newtek Capital owns 25% of Direct Creations and has one of four board seats. As a Newtek Capital partner company, Direct Creations has the benefit of the financial, technological and other support services that Newtek brings to the partnership. Advanced Deposition Technologies, Inc. is a technology and market leader for metallized thin films, coatings and components thereof. The Company has primary product divisions in markets for electronic capacitors, microwave food packaging and electronic packaging materials selling in over fifty countries along with subsidiaries in Spain and Malaysia. The Company owns or has licenses to more than 40 patents and patents pending. On a selective basis the Company licenses its proprietary thin film technologies and patents to partners who can accelerate revenue and earnings growth of A.D.TECH's unique products and technologies on a global basis. While the precise terms of the agreement have not been disclosed a spokesperson for ADTECH indicated the licensing agreement included upfront licensing fees plus long term royalty payments. Assuming a successful product launch this royalty and licensing fee could generate over the next several years in excess of $1,000,000 per annum. In addition to these royalty and licensing fees, ADTECH will be producing products on an exclusive supply arrangement for Direct Creations, LLC. To receive A.D. TECH's latest news and other corporate information visit A.D. TECH's web site at www.adtc.net or www.adv-dep.com. Any forward-looking statements in this release are made pursuant to the "safe-harbor" provision of the Private Securities Litigation Act of 1995. Investors are cautioned that actual results may differ substantially from such forward-looking statements. Forward-looking statements involve risks and uncertainties including, but not limited to, continued acceptance of the Company's products and services in the marketplace, competitive factors, new products and technological changes, dependence upon third-party vendors, a limited number of customers, political and other uncertainties related to customer purchases, and other risks detailed in the Company's periodic report filings with the Securities and Exchange Commission. --30--gk/bos* CONTACT: Cameron Associates, Inc. Michael Brod 212-245-8800 michael@cameronassoc.com or Newtek Capital, Inc. Barry Sloane Chairman of the Board & CEO 212-826-9022 bsloane@newtekcapital.com KEYWORD: MASSACHUSETTS NEW YORK INDUSTRY KEYWORD: BANKING FOODS/BEVERAGES MARKETING AGREEMENTS Today's News On The Net - Business Wire's full file on the Internet with Hyperlinks to your home page. URL: businesswire.com * end of story *