International Datacasting Corporation Corrects Misinformation in Adamou Proxy Circular
(firmenpresse) - OTTAWA, ONTARIO -- (Marketwire) -- 07/12/12 -- Attn: Business/High-Tech Editors
International Datacasting Corporation (TSX: IDC) ("IDC" or the "Company") responded today to certain statements in the dissident proxy circular filed by Mr. Adam Adamou in connection with the Company's upcoming meeting of shareholders to be held on July 31, 2012. The current directors (other than Mr. Adamou) and management of IDC wish to correct certain misinformation and omissions in Mr. Adamou's circular:
Del Lippert, one of the directors of IDC, stated "Regardless of which side prevails in this election, the current Board and management feel that it is important that the facts of the BAQ, Mr. Adamou's plans and the costs to the Company are understood. The shareholders of IDC deserve to make an informed decision."
IDC also wishes to address confusion caused by Mr. Adamou's proxy solicitation campaign. Mr. Adamou's use of IDC's name, logo and customer brand in his social media campaign are unauthorized. IDC has invested in its logo and branding to support its digital content distribution business, and the logo and branding should only be used for that purpose. Shareholders are also advised that on July 9, 2012, Mr. Adamou made an unauthorized filing on SEDAR under IDC's profile, which has now been removed by the Ontario Securities Commission.
About International Datacasting Corporation:
International Datacasting Corporation (TSX: IDC) is a global leader in digital content distribution for the world's premiere broadcasters in radio, television, data 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 products and solutions are in demand for radio and television networks, digital cinema, 3D live events, ad insertion, satellite news gathering, sport contribution, ad insertion, VOD, 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.
Forward-Looking Statements
This press release contains forward-looking statements reflecting IDC's objectives, estimates and expectations, including statements about expected financial impacts. All of these forward-looking statements are subject to risks and uncertainties. IDC's actual results, performance, achievements and developments may differ materially from the results, performance, achievements or developments expressed or implied by such statements. Factors that might cause actual results to differ materially 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; any difficulties or disputes with IDC's subcontractors, contract manufacturers and suppliers; IDC's dependence on the development and growth of the satellite datacasting 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; regulatory risks and intellectual property infringement. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof, except as expressly required by applicable law. Forward-looking statements are provided to assist external stakeholders in understanding the current Board and management'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. 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 , including, without limitation, IDC's Annual Information Form dated April 30, 2012.
Additional Information
In connection with the solicitation of proxies, management of IDC has filed on SEDAR a management proxy circular and other relevant documents. The management proxy circular contains important information about IDC and the 2012 Annual General Meeting. In connection with the 2012 Annual General Meeting, IDC has mailed its management proxy circular to shareholders.
Contacts:
Rick Clements
Chief Financial Officer
International Datacasting Corporation
613-596-4120 x 2202
Christine Rozak
Director, Marketing and Communications
International Datacasting Corporation
613-596-4120 x 2215
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Datum: 12.07.2012 - 12:06 Uhr
Sprache: Deutsch
News-ID 1132718
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