IDC Updates Shareholders on Strategic Alternatives
March 09 2015 - 5:18PM
The Strategy Committee of the Board of Directors of International
Datacasting Corporation (TSX:IDC), a technology provider for the
world's premiere broadcasters, today announced that subsequent to
the Corporation's news release issued on February 10th, 2015
regarding the exploration of strategic alternatives, it has
investigated several alternatives to optimize the value of IDC.
Work is well advanced to analyze the alternatives and to prepare a
recommendation to shareholders. A further update will be issued
within the next few weeks. As part of the process, the
Corporation's President and CEO, Mr. Doug Lowther, will be leaving
IDC. In order to enable a seamless transition, Mr. Lowther will
continue to serve as President and CEO to support the
implementation of the Strategy Committee's recommendation, and also
continues as a Director of the Corporation. Christopher Van
Staveren, the Chairman of the Board and the Chairman of the
Strategy Committee, stated: "We thank Doug for his ongoing
commitment to IDC, and look forward to his support in completing
the work of the Strategy Committee." Publicly available investor
information for IDC is available via the Corporation's website as
well as at www.sedar.com. 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:
www.datacast.com. Forward-Looking Statements: 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, statements as to a potential acquisition of IDC's
business and the activities of the Strategy Committee. All
forward-looking information and forward-looking statements are
subject to risks and uncertainties. In particular, there can be no
assurance an acquisition of IDC or its business will be announced,
or if announced, will proceed or close. As a result of this risk
and other risks and uncertainties, forward-looking statements may
not prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. More
detailed information about potential factors that could affect
forward-looking statements is included in the public documents IDC
files from time to time with Canadian securities regulatory
authorities and which are available on SEDAR at 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 October 31, 2015. 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 help external stakeholders to understand 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:
Doug Lowther International Datacasting Corporation +1-613-596-2400
x2211 dlowther@datacast.com
CONTACT: Doug Lowther
International Datacasting Corporation
+1-613-596-2400 x2211
dlowther@datacast.com
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