International Datacasting Corporation

International Datacasting Corporation

January 27, 2010 16:49 ET

International Datacasting Corporation Announces Reconstitution of Board Committees

OTTAWA,ONTARIO--(Marketwire - Jan. 27, 2010) - International Datacasting Corporation,(TSX:IDC) a global leader inproviding advanced solutions for the distribution of broadband multimediacontent via satellite, announced today that it has realigned its Boardcommittees as follows:

  • The AuditCommittee will be chaired by Fred Godard and will include Del Lippert and FrankRuffolo. Mr. Godard and Mr. Ruffolo are both Chartered Accountants. 
  • TheExecutive Compensation Committee will be chaired by Kevin Rankin and willinclude Adam Adamou and Frank Ruffolo.
  • TheCorporate Governance Committee will be chaired by Dr. Stuart Smith and willinclude Fred Godard and Del Lippert. This Committee will also take over therole of IDC's previous Corporate Disclosure Committee.
  • Inaddition, a Strategic Planning Committee was established to be responsible forreviewing the long term strategic direction of the Company. This Committeewill be chaired by Del Lippert and include Adam Adamou, Fred Godard and KevinRankin. 

DennisColbourne, as Chairman of the Board, is an ex-officio member of all of thecommittees of the Board.

Withthese changes, the Company has seven independent Directors on the Board alongwith Ron Clifton as President and Chief Executive Officer. Susan RobbinsParsons, Chief Financial Officer, retains her role as Corporate Secretary.

DennisColbourne, Chairman of the Board, said, "Our committee realignment isdesigned to balance workloads and ensure all Board members have an opportunityto contribute to the fullest extent as we integrate our operations, prepare forIFRS conversion and review our strategic direction moving forward."

AboutInternational Datacasting Corporation (IDC):

International DatacastingCorporation (TSX:IDC) is a global leader in providing IP-based datacastingsolutions for the distribution of broadband multimedia content. IDC has a broadportfolio of advanced technology products marketed under the names SuperFlex,Datacast XD, Tiernan, Logic Innovations and PROFline for implementing a widerange of satellite and other broadband content contribution and distributionnetworks. IDC's products are in demand for radio and television broadcastnetworks, distance learning, digital satellite news gathering and sportcontribution, digital signage, digital cinema, IPTV distribution and othercontent 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 and Logic Innovationsoperations in San Diego, California. The Company is in international in scopewith installations in over 100 countries worldwide, has regional sales andservice offices in the UK, Australia, Singapore and China as well as an establishedinternational network of value-added partners and distributors.

Thispress release contains forward-looking statements that may involve risks anduncertainties. Actual results may differ materially. Factors that mightcause a difference include, but are not limited to, competitive developments,risks associated with IDC's growth, the development of the satellitedatacasting market, regulatory risks, intellectual property infringement andother factors. IDC assumes no obligation to update these forward-lookingstatements to reflect events or circumstances after the date hereof. Moredetailed information about potential factors that could affect IDC's financialand business results is included in the public documents IDC files from time totime with Canadian securities regulatory authorities.

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