International Datacasting Corporation Announces Appointment of Adam Adamou as Executive Chairman
OTTAWA, ONTARIO--(Marketwire - June 10, 2010) -
Attn: Business/High-Tech Editors
International Datacasting Corporation (TSX:IDC), a global leader in providing advanced solutions for the distribution of broadband multimedia content, announces that Adam Adamou has been appointed Executive Chairman of the Corporation. The Executive Chairman will exercise direct oversight in connection with the activities of IDC's senior management team and the operation of IDC's business in general, while the Corporation continues to streamline its operations. The Executive Chairman will report to the Corporation's Executive Committee and full Board, as necessary. Mr. Adamou has served as a director of IDC since December 2009 and as non-executive Chairman of the Board since March 2010.
Mr. Adamou stated: "Our company is moving in the right direction. We are well positioned and our products are in demand. Our outlook appears strong. In this new position I will be working directly with Frederick Godard, our President & Chief Executive Officer, and the rest of our employees to implement the measures that are required for IDC to grow profitably into our markets and with a greater level of sustainability. To do this we will need to challenge ourselves to become a more entrepreneurial, leading edge and forward looking company."
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.