Ottawa, ON (PRWEB) September 11, 2014
International Datacasting Corporation (TSX: IDC), a technology provider for the world’s premiere broadcasters, is pleased to announce the delivery of satellite receiver equipment to CinecolorSat to support the expansion of their digital cinema distribution network across Latin America.
This expansion includes deployments of both the SuperFlex Pro Cinema Cache Server for high-speed satellite movie delivery and the SuperFlex Pro Cinema Event Player for live event support. The continued rapid deployment of SuperFlex Pro Cinema Cache Servers in Latin America demonstrates the confidence studios and service providers have in the IDC digital cinema distribution solution. As part of the network expansion, IDC has recently shipped products to Chile, Brazil, Colombia, Peru, and Mexico.
“The IDC solution has continued to evolve, adding new and advanced features that provide the high level of service our clients expect,” said Juan Carlos Arriagada, General Manager of CinecolorSat, a business division of Grupo Chilefilms Holding. “The support received from IDC has allowed CineColorSat to continue the rapid expansion of its digital cinema distribution network and build on the success of the 64 games of the FIFA World Cup games carried live in theatres in Central and South America, plus the growing demand for digital cinema distribution supported by major studios and independent distributors."
“IDC is delighted to support the expansion of the CineColorSat network, which has quickly become the largest satellite movie distribution network in Latin America,” said Doug Lowther, IDC President & CEO. “This latest deployment is indicative of the continued leadership and momentum of IDC in the digital cinema market."
About International Datacasting Corporation
International Datacasting Corporation (TSX: IDC) is a technology provider for the world’s premiere broadcasters in radio, television, data and digital cinema. IDC’s products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite news gathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. For more information visit: http://www.datacast.com.
Launched in October 2012, this Grupo Chilefilms´ business unit has become the “State of the Art” and preferred satellite distribution network in Latin America. Based on IDC technology, the network has grown to +200 complexes in more than 15 countries, led in number by Colombia and Brazil. CinecolorSat provides customer support among other digital services in their local offices in México, Colombia, Brazil, Perú, Argentina and Chile.
This press release contains certain information that may constitute “forward-looking information” and/or “forward-looking statements” within the meaning of applicable Canadian securities laws including, without limitation, management’s beliefs with respect to strategy, efficiencies, results and costs savings in Fiscal 2015, management’s expectations with respect to customer acceptance of, and the receipt of orders for, the company’s products, and management’s expectations with respect to the impact of new personnel and a restructured sales force. All forward-looking information and forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. The material assumptions used to develop the forward looking-statements made in this release include anticipated cost savings resulting from the initiatives taken by IDC under its action plan, anticipated impact of senior personnel, consolidation of operations and restructuring of the sales force, management’s perceptions of current conditions and expected future developments, expectations regarding future shipments of IDC products, management’s knowledge of the current credit, interest rate and liquidity conditions affecting IDC as well as other considerations that are believed to be appropriate in the circumstances.
All statements other than statements which are reporting results as well as statements of historical fact are forward-looking statements that may involve a number of known and unknown risks, uncertainties and other factors; many of which are beyond the ability of IDC to control or predict.
Forward-looking statements are generally identifiable by use of the words “may”, “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “design”, “plan or “project” or the negative of these words or other variations on these words or comparable terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that might cause actual results to differ materially include, but are not limited to: competitive developments; risks associated with IDC’s growth; expectations regarding new product initiatives and timing, including the STAR Pro AudioTM Solution, LASER™ Targeted Ad Insertion Platform, and TITAN 3 Video Encoder; a lengthy and variable sales cycle for IDC's products and services; any difficulties or disputes with IDC’s subcontractors, contract manufacturers and suppliers; IDC’s dependence on the development and growth of the satellite services 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; expectations with respect to the sufficiency of its financial resources and liquidity; regulatory risks and intellectual property infringement. Further, any incorrect identification of, or failure or delay in identifying, areas that require attention in IDC’s business as part of the company’s strategic review, or inability to successfully address areas requiring increased focus in accordance with IDC’s action plan, could materially adversely affect the company’s business, financial conditions, and results of operations as well as other key indicators.
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 http://www.sedar.com, including, without limitation, IDC’s Annual Information Form and MD&A for the year ended January 31, 2014, and our MD&A for the quarter ended July 31, 2014.
Except as expressly required by applicable law, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. 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.
For more information, contact:
International Datacasting Corporation
Juan C. Arriagada Mons