SOURCE: KIT digital, Inc.

KIT digital, Inc.

November 18, 2010 16:35 ET

KIT digital to Sell Shares of Common Stock in Underwritten Public Offering

NEW YORK, NY and PRAGUE, CZECH REPUBLIC--(Marketwire - November 18, 2010) - KIT digital, Inc. (NASDAQ: KITD), a global provider of video asset management solutions (VAMs) for multi-screen IP-based delivery, announced it is offering to sell shares of its common stock in an underwritten public offering.

The offering is subject to market conditions and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering. Roth Capital Partners is acting as book-running manager for the offering.

KIT digital has filed a registration statement (including a preliminary prospectus supplement and an accompanying prospectus) with the U.S. Securities and Exchange Commission (SEC) for the offering to which this press release refers. Before you invest, you should read the preliminary prospectus supplement and the accompanying prospectus, and other documents KIT digital has filed or will file with the SEC, for more complete information about the company and the offering.

Copies of the preliminary prospectus supplement and accompanying prospectus may be obtained for free from EDGAR on the SEC website at www.sec.gov. Alternatively, the company or the underwriters for this offering will arrange to send you the preliminary prospectus supplement and the accompanying prospectus that the company authorizes for use in connection with the offering. You may request it from Roth Capital Partners, LLC, 24 Corporate Plaza, Newport Beach, California 92660, or rothecm@roth.com or via fax at 949-720-7227.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities. Any such offer may be made only pursuant to the company's final prospectus and prospectus supplement for the offering and only in states in which the offering is registered or exempt from registration and by broker-dealers authorized to do so. The securities to be offered involve a high degree of risk.

About KIT digital
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 more than 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.

KIT digital Forward-Looking Statement
This press release contains certain "forward-looking statements" related to the businesses of KIT digital, Inc., which can be identified by the use of forward-looking terminology such as "believes," "expects," "plans" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product development and commercialization, the ability to obtain or maintain patent and other proprietary intellectual property protection, market acceptance, future capital requirements, regulatory actions or delays, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our public filings with the U.S. Securities and Exchange Commission. KIT digital is not under obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contact Information

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

    KIT digital Global Contact:
    Adam Davis
    Global Communications Manager
    Tel. +1-646-613-7838
    Email Contact