OTTAWA, ONTARIO — (Marketwired) — 02/10/15 — International Datacasting Corporation (TSX: IDC), a technology provider for the world–s premiere broadcasters, announced that it is engaged in discussions regarding a potential acquisition of the company–s business. The identity of the counterparty and terms of the potential acquisition are subject to a non-disclosure agreement. The discussions are preliminary in nature and there can be no assurance that they will result in a transaction.
In order to assess the potential acquisition as well as other strategic alternatives, the Board has created a Strategy Committee comprised entirely of independent directors. The Strategy Committee is chaired by Chris Van Staveren and includes Eric Apps, David Charron and David Smith.
The Strategy Committee will consider the relative merits of accepting the acquisition proposal, continuing to develop the IDC business on a standalone basis, and other potential alternatives.
Investor information for IDC is available via the company website as well as at .
About International Datacasting Corporation:
International Datacasting Corporation (TSX: IDC) is a technology provider for the world–s premiere broadcasters in radio, television, data and digital cinema. IDC–s products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite news gathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. For more information visit: .
Forward-Looking Statements:
This press release contains certain information that may constitute “forward-looking information” and/or “forward-looking statements” within the meaning of applicable Canadian securities laws including, without limitation, statements as to a potential acquisition of IDC–s business and the activities of the Strategy Committee. All forward-looking information and forward-looking statements are subject to risks and uncertainties. In particular, there can be no assurance an acquisition of IDC or its business will be announced, or if announced, will proceed or close. As a result of this risk and other risks and uncertainties, forward-looking statements may not prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. More detailed information about potential factors that could affect forward-looking statements is included in the public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR at , including, without limitation, IDC–s Annual Information Form and MD&A for the year ended January 31, 2014, and our MD&A for the quarter ended October 31, 2015.
Except as expressly required by applicable law, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements are provided help external stakeholders to understand IDC–s expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements.
Contacts:
International Datacasting Corporation
Doug Lowther
1-613-596-2400 x2211
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