SOURCE: KIT digital, Inc.

KIT digital, Inc.

April 16, 2012 16:54 ET

KIT digital's Chairman Resigns

PRAGUE, CZECH REPUBLIC and NEW YORK, NY--(Marketwire - Apr 16, 2012) - KIT digital, Inc. (NASDAQ: KITD), a leading video technology and services company, today announced its board of directors has accepted the resignation of non-executive Chairman Kaleil Isaza Tuzman.

Wayne Walker, lead independent director for KIT digital, noted: "As Kaleil's relationship with the Company as an officer and director comes to an end, we want to once again express appreciation for his contributions over the years. We believe in and support our management team which continues to focus on operations, cash flow growth and overall execution in what we consider to be a post-consolidation phase of KIT digital's lifecycle. We are excited about and focused on the road ahead. We are also appreciative of Kaleil's willingness to, at our request, assist the Company in the future."

About KIT digital, Inc.
KIT digital (NASDAQ: KITD) is a leading video technology and services company. The KIT Video Platform, the company's cloud-based video asset management system, enables enterprise, media & entertainment and network operator clients to produce, manage and deliver multiscreen socially-enabled video experiences to audiences wherever they are. KIT digital services nearly 2,500 clients in 50+ countries including some of the world's biggest brands, such as Airbus, The Associated Press, AT&T, BBC, BSkyB, Disney-ABC, Google, HP, Mediaset, MTV, News Corp, RCS MediaGroup, Sky Deutschland, Sky Italia, Telecom Argentina, Telecom Italia, Telefonica O2, Universal Studios, Verizon, Vodafone and Volkswagen. KIT digital maintains executive offices in New York and its operational headquarters in Prague, Czech Republic, with offices in 21 countries around the world. Visit the company at www.kitd.com or follow on Twitter at www.twitter.com/KITdigital.

Contact Information

  • KIT digital Media Contact:
    Daniel Goodfellow
    SVP, Global Marketing and Communications
    Tel. +1-917-513-6081
    Email Contact

    KIT digital Investor Contact:
    Murray Arenson
    SVP, Investor Relations & Corporate Initiatives
    Tel. +1-646-553-4900
    Email Contact