International Datacasting Corporation
TSX : IDC

International Datacasting Corporation

April 30, 2012 17:00 ET

International Datacasting Corporation Announces Resignation of Chief Financial Officer

Attn: Business/High-Tech Editors

OTTAWA, ONTARIO--(Marketwire - April 30, 2012) - International Datacasting Corporation (TSX:IDC), a global leader in digital content distribution solutions for the world's premiere broadcasters, today announced that Cory Garbolinsky has resigned as the Corporation's Chief Financial Officer and Vice President of Finance, effective June 6, 2012 and has committed to assist the Corporation with the completion of its first quarter of fiscal 2013 consolidated financial statements and related filings. The Corporation has initiated a search for a new Chief Financial Officer.

"We would like to extend our sincerest thanks to Cory for his contribution and service to IDC and our shareholders over the past 4 years," stated Fred Godard, President and CEO, IDC. "We wish Cory all the best in his future endeavors. IDC is working diligently to fill the CFO position as soon as possible."

About International Datacasting Corporation (IDC):

International Datacasting Corporation (TSX: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.

Forward-Looking Statements

This release may contain forward-looking statements reflecting IDC's objectives, estimates and expectations. Such statements may be marked by the use words such as "believe", "anticipate", "estimate", "looking ahead", "outlook" and "expect" as well as the conditional or future tense. Such statements involve risks and uncertainties and future results may differ materially from the Corporation's expectations. Factors that might cause a material difference include, but are not limited to, competitive developments, risks associated with IDC's growth, risks associated with any past or future acquisitions or divestitures, the development of the satellite datacasting market, regulatory risks, intellectual property infringement and other factors. Any forward-looking statements are provided to assist external shareholders in understanding IDC's expectations as at the date of this release and may not be suitable for other purposes. IDC assumes no obligation to update these forward-looking statements to reflect events or circumstances after the date hereof, except as expressly required by law. More detailed information about potential factors that could affect IDC's financial and business results is included in IDC's Annual Information Form dated April 30, 2012 and the other public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR at www.sedar.com.

Contact Information

  • International Datacasting Corporation
    Christine Rozak
    Director of Marketing and Communications
    613-596-4120 x 2215
    crozak@datacast.com