Reverse Split has been completed. Stock opened at $4.80....not long ago and closed at $14 on Friday. NuTech Digital Receives Initial Payment of $1,000,000 Towards U.S. Multiple Dwelling Unit Market License Tuesday April 8, 3:08 pm ET LOS ANGELES, CA--(MARKET WIRE)--Apr 8, 2008 -- NuTech (OTC BB:NTDL.OB - News) has received one million ($1,000,000) dollars as an initial payment for an exclusive license for NuTech's technology in the Multiple Dwelling Unit market in the United States, as previously announced by NuTech in its Press Release on Thursday, Mach 27, 2008. The license payment arrived at the end of Q1 '08 as called for in a Joint Venture agreement between NuTech and the Licensee. The agreement also provides for the financing of NuTech hardware and software for the anticipated rollout, as well as payment of operating costs and networking infrastructure. The Joint Venture will provide 2Way Video, Video On Demand, Entertainment Programming, Internet Access and Voice over IP to apartment complexes, campuses, hotels and other multi-dwelling facilities in the United States. "In addition to profits from the sale of our set top box, we expect our joint venture participation to pay us about $5.00 per dwelling per month," said Richard M. Greenberg, President of NuTech. Larissa I. Alexandra, NuTech's Executive Vice-President said, "I am comfortable with the market penetration numbers used in our March 27th release. We are looking to develop new sources of revenue besides the recurring subscriber fees, such as shopping and concierge services and targeted advertising. Imagine sitting at home and having your personal shopper assist you in Milan." NuTech's services delivered from local head ends are distinguished from other service offerings by integrating video telephone services into television viewing; the person you are talking to may be larger than life in full color, full lip synch, and without any jerky motion. The other distinguishing features of the system include an open architecture to deliver an unlimited number of free and premium viewing channels and programming as well as video on demand and other pay services. The incremental income from these additional pay services is not included in the anticipated monthly cash flows. Mr. Greenberg also pointed out that the MDU market, although substantial, was a subset of the overall U.S. market for NuTech's products and services. About NuTech Digital Based in Los Angeles, California, NuTech markets its proprietary digital video equipment that provides real time 2-way video, unlimited channel capacity for entertainment television, and many other telecommunications services and products. NuTech operates its own central office/head-end to facilitate its convergent digital technology, enabling video at multiple standards and availability of video at up to two times High Def.