OTTAWA, ONTARIO--(Marketwired - Feb. 3, 2014) - As a global market leader in digital cinema technology, International Datacasting Corporation (TSX:IDC) is pleased to announce that Cinecolombia, one of the region's leading movie theatre chains, has selected IDC's digital cinema distribution technology. IDC's Latin American digital cinema partner, Grupo ChileFilms and their affiliate, Cinecolor Colombia, managed the sale to Cinecolombia.
This installation of SuperFlex Pro Cinema Cache Servers further strengthens IDC's growing presence in the Latin American market. At present, about 70% of the cinemas employing electronic delivery solutions use IDC's technology to transmit the latest blockbuster films and live 2D and 3D events via satellite. Today these solutions are deployed at over 4,000 sites on six continents.
"With IDC, we have great confidence that we can provide Cinecolombia's movie theatres with exceptional value by offering outstanding technology that is already in use worldwide by leading digital cinema networks," said Carlos Acero, General Manager of Cinecolor Colombia.
Cinecolor Colombia is a part of IDC's partner Grupo Chilefilms, which operates extensive digital cinema networks throughout Latin America. ChileFilms owns and operates the CinecolorSAT digital cinema satellite distribution network, which not only delivers motion pictures, trailers and advertising, but live and alternative content as well. ChileFilms live content offerings including major sports events delivered to cinemas across Colombia, Brazil, Mexico, Argentina and Chile.
"IDC's proven track record as the supplier of choice for digital cinema content distributors worldwide really sets the stage for us in Latin America," said Alexandra Villamizar, Technical Manager at Cinecolombia. "With IDC, we get the same extraordinary technology here in Colombia that powers 70% of electronic content distribution to cinemas worldwide."
"As Latin American countries, like Colombia, transition to digital distribution of cinema content and live events, IDC is focused on bringing leading-edge solutions to this market, which have garnered such a high level of confidence from our customers elsewhere in the world," said Doug Lowther, President and CEO of IDC.
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 the STAR Pro Audio™ Solution, LASER™ Targeted Ad Insertion Platform, and the Digital Tattoo™ DTH Over IP Gateway. The company's products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite newsgathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. The company has installations in over 100 countries, a service office in Taiwan, and an international network of value-added partners and resellers. For more information visit: www.datacast.com.
This press release contains certain information that constitutes "forward-looking information" and/or "forward-looking statements" within the meaning of applicable Canadian securities laws, including statements regarding the Company's work on identifying individuals to join IDC's Board of Directors. 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 management's perceptions of current conditions and expected future developments, management's knowledge of the current credit, interest rate and liquidity conditions affecting the Company 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", "plan or "project" or the negative of these words or other variations on these words or comparable terminology. The Company considers the assumptions, upon which the forward-looking statements contained in this release are based to be reasonable, based on information currently available to it, but 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.
More detailed information about potential factors that could affect IDC's financial and business results and the material assumptions upon which the forward-looking statements are based is included in the public documents IDC files from time to time with Canadian securities regulatory authorities (including, without limitation, IDC's Fiscal 2013 MD&A dated April 29, 2013 and Q3 Fiscal 2014 MD&A dated December 10, 2013) and which are available on SEDAR at www.sedar.com.
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.