OTTAWA, ONTARIO--(Marketwire - July 31, 2012) -
Attn: Business/Finance Editors
International Datacasting Corporation (TSX:IDC) ("IDC" or the "Company") is pleased to announce that the Management slate consisting of the following directors was elected at its Annual General Meeting (AGM) held earlier today;
- Mr. Del Lippert, retired, past President and CEO of Med-Eng Systems,
- Mr. Georges Ata, President and CEO of Intelcan Technosystems Inc.,
- Mr. Peter Strom, President and CEO of March Networks,
- Mr. Graham McBride, President and CEO of Larchhill Capital Inc., and,
- Mr. Fred Godard, President and CEO of International Datacasting Corporation.
Frederick Godard, President and Chief Executive Officer of IDC stated, "Today shareholders have given us their vote of confidence and shown their strong support for our strategic vision for the company. We are excited to continue our focus on developing innovative products and driving the future growth of IDC."
About International Datacasting Corporation
International Datacasting Corporation (TSX:IDC) is a producer of digital content distribution for the world's premiere broadcasters in radio, television, data 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 products and solutions are in demand for radio and television networks, digital cinema, 3D live events, ad insertion, satellite news gathering, sport contribution, ad insertion, VOD, 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. www.datacast.com
This press release contains forward-looking statements reflecting IDC's objectives, estimates and expectations that may involve risks and uncertainties. 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.