July 18, 2008

Changing Tide at New Wave

BURBANK, Calif., July 18 /PRNewswire/ -- New Wave Entertainment announced today that Alan Baral has left his position as co-CEO as of July 3rd, but will continue with New Wave as a consultant as he pursues opportunities outside the company. Co-CEO Paul Apel will remain with the company, assuming responsibility for its day-to-day operation.

Baral joined New Wave in 1993 as the Head of Business Affairs and became a partner in 1998. During their tenure as partners, Apel and Baral successfully expanded and diversified the company, growing from 2 divisions to over 200 employees within 6 divisions, creating one of Hollywood's largest independent production, marketing and creative service companies.

"Alan and I have been friends and colleagues for almost fifteen years. It has been incredible to share our successes together," says Apel. "Alan is a renaissance man. He is a brilliant businessman, lawyer, musician, and artist. He will truly be missed."

Baral says, "I am very proud of our accomplishments with New Wave. I made wonderful friends and we produced incredible work. I now look forward to some new challenges."

Apel went on to say, "We have a strong infrastructure with talented division heads that have been with the company an average of seven years. They will each be taking a greater role in the running and direction of New Wave."

New Wave Entertainment(R) (nwe.com) is a premier Content Development and Production Enterprise and one of the entertainment industry's largest Entertainment Marketing and Creative Services Agencies. New Wave has recently produced such TV series as "Frank TV" for TBS, ABC's "The Next Best Thing," and "Dane Cook's Tourgasm" for HBO.

New Wave Entertainment

CONTACT: Andrea DeLesDernier of New Wave Entertainment, +1-818-295-8021,[email protected]

Web site: http://www.nwe.com/