International Datacasting Corporation
TSX : IDC

International Datacasting Corporation

January 18, 2012 10:34 ET

International Datacasting Corporation Announces Resignation of Executive Chairman

Attn: Business/High-Tech Editors

OTTAWA, ONTARIO--(Marketwire - Jan. 18, 2012) - International Datacasting Corporation (TSX:IDC) ("IDC" or the "Corporation") announced today that Adam Adamou has resigned as Executive Chairman of the Corporation as IDC continues to focus its attention on its existing business units while deemphasizing its business acquisition strategy previously announced in December 2010. Mr. Adamou will continue to serve IDC as a director and Chairman of the Board. Frank Ruffolo, IDC's lead director, stated "we would like to thank Adam for his work as our Executive Chairman and we look forward to working with Adam in his continuing role as a director and Chairman of IDC as we focus on IDC's core business strengths".

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. 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
    Christine Rozak
    Director, Marketing and Communications
    613-596-4120
    crozak@datacast.com