McCombs Increases His Investment in Media Excel, Providing Vote of
Confidence in Its MobileTV and IPTV Transcoding Technology and Market
Penetration
AUSTIN, Texas (Business Wire EON/PRWEB ) September 4, 2007 --
Media Excel, Inc., a leading
provider of Advanced Transcoding
solutions for MobileTV,
IPTV & WebTV,
announced today that Mr. Red McCombs has recently increased the level of
his investment in Media Excel, providing a vote of confidence to the
Company’s technology, strategy and management
team.
“We are delighted to have Mr. McCombs and the
McCombs Enterprises as a shareholder and Board Member. Our relationship
goes back since the inception of Media Excel and they have been a
tremendous partner providing not only financial support, but also great
market credibility, business networking and strategic direction,”
said Mr Thanasis Iatrou, CEO of Media Excel. “I
am grateful for Mr McCombs’ personal
mentorship and close attention to our business and our team. Working
with an industry leader such as Mr. McCombs, one gets to know that it is
not good enough to want to win, but one has to expect to win and prepare
for it.”
“Media Excel is a key investment of McCombs
Enterprises portfolio” said Mr. McCombs. “We
believe that digital video will be a key contributor to the growth of
the Broadcasting, Web and Telecommunications industries and Media Excel
has the right set of technologies, management team and market
positioning to win,” added Mr. McCombs.
Mr Red McCombs, a FORBES 400 member and co-founder of Clear Channel
Communications has significant investment expertise in the Broadcasting
industry as well as Auto, Energy and Real Estate.
Media Excel’s full Transcoding product line
for IPTV, MobileTV and Media Transcoding will be featured at IBC 2007 in
Amsterdam, September 7 – 11 at Media Excel’s
booth 2.311.
About Media Excel, Inc.
Media Excel is the Transcoding Company for MobileTV & IPTV, enabling any
content to be displayed on any device through affordable,
high-performance transcoding technologies targeted at Telecom, Web and
Media Broadcasters. Headquartered in Austin, Texas, Media Excel is a
privately held company founded in 2000. http://www.mediaexcel.com.
Trademarks mentioned are the property of their respective owners.
See the original story at: http://eon.businesswire.com/releases/media/mccombs/prweb551097.htm
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