Marcello Rossi, of Mya DVD, has graciously responded to some of the questions I sent to him about the company and some of the comments I've made here in an earlier entry.
Here are the summaries:
1) The owner of Mya is not Michele de Angelis, as I thought (de Angelis was the co-owner of NoShame), but Salvatore Alongi, who worked for NoShame, as did Marcello Rossi. There is no formal relationship, however, between the companies. NoShame is out of business in Italy, just as in the USA.
2) Mya releases have to be, indeed, budget conscious. Part of this is due to a significant drop in DVD sales overall.
3) The missing frames in Mya's presentation of FOUR FLIES ON GREY VELVET were in the original negative and due to damage at the beginning and end of reels. I still want to ask a follow-up question on this issue in an interview I'd like to do with Mr. Rossi, but from his response, it appears the missing seconds (which may be less than 40) were not on the negative. [Another update: I've checked the scenes that have been mentioned as cut. I counted 12 seconds missing from the two connecting scenes that follow the burglary of Roberto's house beginning at 21:36, then 12 seconds from the party scene that follows the murder in the park, and 17 seconds from the two connected scenes that follows the murder in the men's room. A total of 41 seconds.]
4) The negative was not in pristine shape. A technicolor lab in Rome had to spend 40 days in cleaning it up. So, obviously, extra time and money was spent on this release.
5) The audio tone is correct. The telecine was 24 fps and the NTSC presentation is 24 fps. The German DVD is presented at 25 fps, so one can't go by that, as the tone will be obviously higher.... This is sure to be a controversial response, as there are posters on message boards who swear that the tone is off and are considerably bothered by this. As I have stated, I wasn't able to spot anything that stood out as being off, except for a brief snippet of Morricone's music in the end credits, where there is a warble. [I have since gone over this again, and the warble is present in the Italian audio, too, both before and during the end credits.]
6) The color-timing in the park scene is correct and as originally intended.
7) The setting of the paragraphs on the back are correct. A space separation was given between the plot and the commentary section, and also the last section that addressed the restoration. Also, the separation between "Velvet" and "finally" is present, but not that visible due to the italization of "Velvet."
I thank Mr. Rossi for taking the time to respond and hope to have an interview with him and Salvatore Alongi in the near future. A thanks to Mike Den Boer for initiating the communication.