International Datacasting Corporation
TSX : IDC

International Datacasting Corporation

February 13, 2012 08:30 ET

International Datacasting Corporation Announces Appointment of New Chairman of the Board

OTTAWA, ONTARIO--(Marketwire - Feb. 13, 2012) - International Datacasting Corporation (TSX:IDC) ("IDC" or the "Corporation") announced today that James Hall, an independent director of the Corporation, had been appointed as IDC's new Chairman of the Board, effective immediately. The appointment follows Adam Adamou's stepping down from the position effective February 10, 2012. Mr. Adamou will continue to serve IDC as a director.

With the appointment of Mr. Hall as IDC's Chairman and because Mr. Hall is independent, it is no longer necessary for IDC to have a lead director. As such, Frank Ruffolo (IDC's lead director since September 6, 2011) has stepped down from such position, effective immediately. Mr. Ruffolo will continue to serve IDC as a director.

James Hall stated "I am pleased to assume the position of Chairman of the Board of IDC, and look forward to working with each member of the Board to assist Management in continuing to build a more inventive, innovative and successful company".

In connection with the above-noted changes, IDC has formed a committee consisting of Adam Adamou (director), Fred Godard (President and Chief Executive Officer and a director), Graham McBride (director) and Frank Ruffolo (director) to identify candidates to join the Board as part of the ongoing process to further build-out its collective skill-set. Any such candidates recommended by the committee would be reviewed by the full Board.

About James Hall

James Hall, CA, has been a director of IDC and Chairman of the Corporation's Audit Committee since August 10, 2010. Mr. Hall is also a director of each of Indigo Books & Music Inc. (a Canadian book and media retailer) and Immunovaccine Inc. (an early-stage vaccine development company) and was, until March 2009, Chairman and Chief Executive Officer of Journal Register Company (a US-based pure-play newspaper publisher). Mr. Hall is also the Chairman of the Audit Committee of Immunovaccine Inc. and a member of the Audit Committee of Indigo Books & Music Inc.

About International Datacasting Corporation

IDC is a global leader in digital content distribution for the world's premiere broadcasters in radio, television 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 solutions and IDC Systems are in demand for radio and television networks, digital cinema, 3D live events, distance learning, satellite news gathering, sport contribution, digital signage, 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.

This press release contains forward-looking statements that may involve risks and uncertainties. Actual results may differ materially. 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, 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 except as expressly required by applicable law. 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. 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 www.sedar.com, including, without limitation, IDC's Annual Information Form dated April 29, 2011.

Contact Information

  • International Datacasting Corporation
    Fred Godard
    President and Chief Executive Officer
    613-596-4120
    fred.godard@datacast.com