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Wed, May 26, 2010

International Datacasting Corporation Announces Resignation of Chief Financial Officer


Published on 2010-05-26 14:00:33 - Market Wire
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OTTAWA, ONTARIO--(Marketwire - May 26, 2010) - International Datacasting Corporation (TSX:IDC), a global leader in providing advanced solutions for the distribution of broadband multimedia content, announces that Susan Robbins Parsons has tendered her resignation as the Corporation's Chief Financial Officer and Corporate Secretary, effective June 11, 2010. The Corporation has initiated a search for a new Chief Financial Officer.

Fred Godard, Chief Executive Officer of IDC, stated: "We wish to extend our thanks to Susan for her contribution and service to IDC and our shareholders over the past five years. We are pleased that Susan will be continuing in her role as Chief Financial Officer and a member of our senior management team until June 11, which is after the date that we expect to release our financial results for our first quarter ended April 30, 2010. This will assist in an orderly transition to a new Chief Financial Officer."

About International Datacasting Corporation (IDC)

International Datacasting Corporation (TSX:IDC) is a global leader in providing IP-based datacasting solutions for the distribution of broadband multimedia content. IDC has a broad portfolio of advanced technology products marketed under the names SuperFlex, Datacast XD, Tiernan and PROFline for implementing a wide range of satellite and other broadband content contribution and distribution networks. IDC's products are in demand for radio and television broadcast networks, distance learning, digital satellite news gathering and sport contribution, digital signage, digital cinema, IPTV distribution and other content distribution applications. IDC is headquartered in Ottawa, Canada, operates in Europe through its wholly owned subsidiary PROFline B.V. in Arnhem, the Netherlands and in the US through its Tiernan operations in San Diego, California. The Company is international in scope with installations in over 100 countries worldwide, has regional sales and service offices in the UK, Australia, Singapore and China as well as an established international network of value-added partners and distributors.

This press release contains forward-looking statements that may involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference 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, the development of the satellite datacasting market, regulatory risks, intellectual property infringement and other factors. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof. 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.


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