International Datacasting Corporation

International Datacasting Corporation

March 03, 2010 17:26 ET

International Datacasting Corporation Announces Appointment of New President and Chief Executive Officer

OTTAWA, ONTARIO--(Marketwire - March 3, 2010) - International Datacasting Corporation (TSX:IDC), a global leader in providing advanced solutions for the distribution of broadband multimedia content, announced today the appointment of Fred Godard as the Company's new President and Chief Executive Officer. Mr. Godard replaces Ron Clifton who left IDC as President and Chief Executive Officer effective today.

"IDC's long term growth opportunity is developing products and technology for the professional video market. The track record of success that Fred brings to this industry will be of great benefit to IDC," said Denis Colbourne, Chairman of the Board of Directors.

"I would like to take this opportunity to welcome Mr. Godard as IDC's new President and Chief Executive Officer" he continued. 

"I am pleased to be associated with IDC and I am very excited about the future prospects for the Company," said Fred Godard, IDC President and CEO. "I am looking forward to working with the team and to contributing to IDC's long term growth and profitability," he continued.

"On behalf of IDC's Board of Directors, I would like to thank Ron for his many years of service to IDC, both as a Board member and our former President and CEO. We wish Ron all the best in his future endeavours," said Mr. Colbourne.

About Fred Godard

Frederick L. Godard, (Fred), founded Qustream Corporation and served as its Executive Chairman, Chief Executive Officer and President until February 2009. Mr. Godard was responsible for the overall management and strategic direction of Qustream and its subsidiaries. Mr. Godard has also served as President and Chief Operating Officer of Leitch Technology Corporation. Mr. Godard is a Chartered Accountant and has a Bachelor of Business Administration degree from York University, Toronto, Ontario.

About International Datacasting Corporation (IDC)

International Datacasting Corporation (TSX:IDC) is a global leader in providing IP-based datacasting solutions for the distribution of broadband multimedia content. IDC has a broad portfolio of advanced technology products marketed under the names SuperFlex, Datacast XD, Tiernan and PROFline for implementing a wide range of satellite and other broadband content contribution and distribution networks. IDC's products are in demand for radio and television broadcast networks, distance learning, digital satellite news gathering and sport contribution, digital signage, digital cinema, IPTV distribution and other content distribution applications. IDC is headquartered in Ottawa, Canada, operates in Europe through its wholly owned subsidiary PROFline B.V. in Arnhem, the Netherlands and in the US through its Tiernan operations in San Diego, California. The Company is international in scope with installations in over 100 countries worldwide, has regional sales and service offices in the UK, Australia, Singapore and China as well as an established international network of value-added partners and distributors.

This press release contains forward-looking statements that may involve risks and uncertainties. Actual results may differ materially. Factors that might cause a difference 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, the development of the satellite datacasting market, regulatory risks, intellectual property infringement and other factors. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof. 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.

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