SOURCE: KIT digital, Inc.

KIT digital, Inc.

December 01, 2010 15:15 ET

KIT digital to Present at 3rd Annual LD MICRO Conference on December 9, 2010

NEW YORK, NY and PRAGUE, CZECH REPUBLIC--(Marketwire - December 1, 2010) - KIT digital, Inc. (NASDAQ: KITD), the leading global provider of video asset management solutions (VAMS) for multi-screen IP-based delivery, has been invited to present at LD MICRO's 3rd Annual Conference on December 9, 2010. The conference will be held at the Luxe Hotel in Los Angeles.

Kaleil Isaza Tuzman, KIT digital's chairman and CEO, is scheduled to present on Thursday, December 9 at 8:00 a.m. Pacific time. He will discuss KIT digital's recent quarterly results, as well as management's strategy for furthering the company's position as the leading global provider of video asset management solutions (VAMS) for multi-screen IP-based delivery. 

KIT digital recently reported record revenue of $27.7 million in the third quarter of 2010, up 151% year-over-year, and record operating EBITDA, up 376% year-over-year to $4.4 million or $0.19 per basic share. For fiscal 2011, management expects revenue (prior to any acquisition activity) to exceed $137.5 million, with an EBITDA margin of at least 24%. 

The LD MICRO Conference brings together 80 presenting companies with more than 100 institutions focused on investing in small and micro cap companies across a breadth of industries.

About LD MICRO
LD MICRO is a by-invitation only newsletter firm that focuses on finding undervalued companies in the micro-cap space. Since 2002, the firm has published an annual list of recommended stocks as well as comprehensive reports on select companies throughout the year. LD MICRO concentrates on finding, researching, and investing in companies that are overlooked by institutional investors. It is a non-registered investment advisor. For more information on the list of presenting companies or to register for the event, please visit www.ldmicro.com or call +1-408-457-1042.

About KIT digital, Inc.
KIT digital (NASDAQ: KITD) is a leading global provider of video asset management solutions (VAMS) for multi-screen IP-based delivery. KIT VX-one, the company's family of end-to-end software platform solutions, enables enterprise clients to acquire, manage and distribute video assets across the three screens of today's world: the personal computer, mobile device, and IPTV-enabled television set. The application of VX ranges from commercial video distribution to internal corporate deployments, including corporate communications, human resources, training, security and surveillance. KIT digital's client base includes nearly 1,300 customers across 40+ countries, including The Associated Press, BBC, Best Buy, Bristol-Myers Squibb, Disney-ABC, FedEx, General Motors, Google, Hewlett-Packard, Home Depot, IMG Worldwide, ESPN Star, MediaCorp, News Corp, Telefonica, Universal Studios, Verizon and Vodafone. KIT digital is headquartered in Prague, and maintains principal offices in Atlanta, Beijing, Boston, Buenos Aires, Cairo, Cambridge (UK), Chennai, Cologne, Delhi, Dubai, Kolkata, London, Los Angeles, Melbourne (Australia), Mumbai, New York, Singapore, Sofia (Bulgaria), Stockholm and Toronto. For additional information, visit www.kitd.com or follow the company on Twitter at www.twitter.com/KITdigital.

Contact Information

  • KIT digital Contact:
    Adam Davis
    Global Communications Manager
    Tel. +1-609-468-9500
    Email Contact

    KIT digital Investor Relations Contact:
    Matt Glover or Geoffrey Plank
    Liolios Group, Inc.
    Tel. +1-949-574-3860
    Email Contact