OTTAWA, ONTARIO--(Marketwired - March 24, 2014) -
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International Datacasting Corporation (TSX:IDC) ("IDC" or the "Corporation") is pleased to announce the appointment of David J. Smith to the Board of Directors.
Throughout his 30-year career in technology and telecommunications, Mr. Smith has served in a variety of roles, developing strong technical competence and business insight that have made him consistently successful in delivering innovative products to market. He has extensive international business experience.
As the Executive Vice President of Enterprise Mobile Computing at BlackBerry Inc., Mr. Smith successfully led the introduction of the BlackBerry Enterprise Server for multiple devices including Apple, Android, and BlackBerry 10 devices. Mr. Smith also served as a business and technology leader on a wide range of products and services for Bell-Northern Research and Nortel. He was responsible for the development and launch of wireless location based services and was the product manager for one of Nortel's most successful data networking products in the 1990s.
Mr. Smith holds a BASc (Electrical Engineering and Management Sciences) and MASc (Electrical Engineering) from the University of Waterloo.
Commenting on his appointment, Mr. Smith stated, "I am honored to join the board of International Datacasting Corporation, and work with this talented team. IDC is a recognized leader in the distribution of broadband multimedia, and I am looking forward to contributing to the future direction and growth of the company".
IDC President and CEO Doug Lowther added, "David is a world-class technology leader. His knowledge of key technologies such as data networking and wireless applications will add important insights to IDC's future direction. In addition to serving as a Board member, David will work closely with management to develop IDC's future technology direction. I look forward to working closely with him at IDC."
In addition to Mr. Smith's appointment, the Corporate Governance and Nominating Committee led by Peter Strom is continuing its work to evaluate board performance and to recommend candidates for election at the Company's Annual General Meeting, expected to be held in July 2014. Information regarding those candidates is expected to be published well in advance of the meeting.
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. 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. 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 management's beliefs with respect to future activities and business results. 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.
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.
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