OTTAWA, ONTARIO--(Marketwire - June 29, 2012) -
Attn: Business/High-Tech Editors
International Datacasting Corporation (TSX:IDC), a global leader in digital content distribution for the world's premiere broadcasters, announced today that it has filed a management information circular and other meeting materials for the Annual General Meeting of Shareholders of IDC to be held on July 31, 2012 at the Holiday Inn & Suites, 101 Kanata Avenue, Ottawa, Ontario, commencing at 11:00 a.m ET. The circular and meeting materials are available on IDC's website and www.sedar.com.
As set forth in the management information circular, the Board of Directors of IDC has recommended a slate of five directors consisting of Graham McBride, Frank Ruffolo, Del Lippert and Georges Ata (each an independent director) and Fred Godard (a non-independent director).
The management information circular contains a statement by current director Adam Adamou that is required to be included in the circular pursuant to Section 110 of the Canada Business Corporations Act. The circular also includes a response to Mr. Adamou's statement by the remaining directors of IDC as at the time of the approval of the circular.
About International Datacasting Corporation (IDC):
International Datacasting Corporation (TSX:IDC) is a global leader in digital content distribution for the world's premiere broadcasters in radio, television and digital cinema. IDC offers a broad portfolio of advanced solutions including Pro Audio, Pro Video, Pro Cinema and Pro Data for implementing broadcast content contribution and distribution applications. IDC's solutions and IDC Systems are in demand for radio and television networks, digital cinema, 3D live events, ad insertion, satellite news gathering, sport contribution, digital signage, and IPTV among others. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. IDC has installations in over 100 countries and service offices in Australia, Singapore and China with an international network of value-added partners and distributors.
This press release contains forward-looking statements reflecting IDC's objectives, estimates and expectations that may involve risks and uncertainties, including statements about expected revenue impacts. IDC's actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Factors that might cause actual results to differ materially include, but are not limited to, competitive developments; risks associated with IDC's growth; any difficulties with integrating acquired product lines into IDC's business and/or manufacturing procedures; any difficulties or disputes with IDC's subcontractors, contract manufacturers and suppliers; IDC's dependence on the development and growth of the satellite datacasting market; a lengthy and variable sales cycle for IDC's products and services; IDC's reliance on a small number of customers for a large percentage of its revenue; regulatory risks and intellectual property infringement. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof, except as expressly required by applicable law. Forward-looking statements are provided to assist external stakeholders in understanding IDC's expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements. More detailed information about potential factors that could affect IDC's financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR at www.sedar.com, including, without limitation, IDC's Annual Information Form dated April 30, 2012.