OTTAWA, ONTARIO--(Marketwire - Dec. 5, 2011) - International Datacasting Corporation (TSX:IDC), a global leader in digital content distribution solutions for the world's premiere broadcasters, announced its financial results today for the nine and three month periods ended October 31, 2011. All figures are in Canadian dollars unless otherwise stated.

Financial Highlights

For the Nine Months Ending October 31 FY2012 vs. October 31 FY2011:

• Revenue of $23.0 million vs. $22.9 million
• Gross margins of 42% vs. 44%
• Operating expenses of $10.4 million vs. $10.9 million
• EBITDA¹ of $81,427 vs. $370,823

For the Three Months Ending October 31 FY2012 vs. October 31 FY2011:

• Revenue of $7.3 million vs. $8.9 million
• Gross margins of 43% vs. 44%
• Operating expenses of $3.4 million vs. $3.3 million
• EBITDA¹ of $12,061 versus $1.14 million

International Datacasting's revenues grew by 1% over the first nine months of the fiscal year vs. the same period in FY2011. Strong growth over the period and expansion into emerging markets in continental Africa, driven by the success of our end-to-end digital broadcast initiative offset the one-time impact of the digital cinema rollout related to the FIFA 2010 World Cup in the previous year.

"Our organic growth initiatives have been successful including recognizing revenue of over $7 million in the last twelve months from our work in Africa. Other initiatives are on the go with a heavy focus on the video space, video-on-demand, the over the top (OTT) video segment and in other global markets including ad insertion and targeted advertising," stated Adam E. Adamou, Executive Chairman. "Everyone at IDC is working hard to launch these products over the next several quarters."

"We believe there is considerable pent-up demand for the expansion of services in IDC's markets that is being frustrated by ongoing economic concerns and, as a result, very conservative business practices - including delays - among our customers. We have to be patient since the demand certainly appears to exist and the pressure to expand continues to build," said Frederick Godard, President and CEO. "Fortunately, IDC is well capitalized with a growing working capital base that is capable of weathering the present economic uncertainties until we can take advantage of these future growth possibilities."

Financial Summary & Conference Call

A summary presentation and financial analysis slideshow will be available on our website at [ www.datacast.com ] on Monday, December 5, 2011 after 5:00pm ET. A conference call will be held on Tuesday, December 6, 2011 at 8:30a.m. ET to discuss this announcement. The call may be accessed by dialing 1-613-788-3830/1-888-789-9572 with the participant pass code 4746246. A taped replay will be available until December 7, 2011 at 10:00a.m. ET by dialing 1-800-408-3053 and reference pass code 1651186. To access the live audio webcast visit: [ http://www.gowebcasting.com/2993 ]. The webcast will be archived here for 365 days. Related slides and transcripts will be posted on the Investor section of the website at: [ www.datacast.com ]

A complete set of Financial Statements and Management's Discussion and Analysis for the nine and three months ended October 31, 2011 will be available at [ www.sedar.com ] and on the Investor Information section of IDC's website at [ www.datacast.com ].

Forward-Looking Statements

This release may contain forward-looking statements reflecting IDC's objectives, estimates and expectations. Such statements may be marked by the use words such as "believe", "anticipate", "estimate", "looking ahead", "outlook" and "expect" as well as the conditional or future tense. Such statements involve risks and uncertainties and future results may differ materially from the Corporation's expectations. The forward-looking statements are subject to change and IDC disclaims any intention and assumes no obligation to update or revise any forward-looking statement whether as a result of new information or events or otherwise unless required to do so by the applicable securities legislation.

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, distance learning, 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.

1. Earnings before interest, taxes, depreciation and amortization ("EBITDA") are a non-Canadian GAAP, non-IFRS financial measure. EBITDA is not an earnings measure recognized by Canadian GAAP and IFRS and does not carry standard prescribed significance. Our method for calculating EBITDA may differ from that used by other companies that use the same designation and the reader is advised that EBITDA should not be substituted for determining net income as an indicator of operating results or as a substitute for cash flows from operating and investing activities.

Contributing Sources

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