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Technology Stocks : International Datacasting - Takeover Target?

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To: David Patrick O'Connor who wrote (207)3/9/2009 11:29:59 PM
From: Clark Kent  Read Replies (1) of 209
 
I couldn't pull up a quote for NMV.v
However IDC isn't dead yet.

Int'l Datacasting to provide network for Hoyts Cinemas

International Datacasting Corp (C:IDC)
Shares Issued 57,462,043
Last Close 3/6/2009 $0.275
Monday March 09 2009 - News Release

Mr. Ron Clifton reports

GLOBAL VISION NETWORKS SELECTS INTERNATIONAL DATACASTING CORPORATION FOR HOYTS DIGITAL CINEMA SATELLITE DISTRIBUTION NETWORK IN ASIA-PACIFIC REGION

International Datacasting Corp., in partnership with its Australian-based distributor OmniCast, has received an order from Global Vision Networks for the provision of a new digital cinema broadband distribution network for Hoyts Cinemas in Australia and New Zealand.

Under the order IDC has supplied their high performance SuperFlex SFX4104 Pro Video multimedia satellite receivers to Global Vision for installation throughout their network for Hoyts digital satellite cinemas. The SFX4104 features dual carrier operation for both file delivery and live events, has built-in BISS decryption for ease of interfacing with Satellite News Gathering (SNG) sources, can decode both legacy MPEG2 and MPEG4 AVC (H.264) HD video and is enabled for future upgrade using SensioTM technology for live 3D alternate content.

Global Vision has been providing comprehensive satellite conferencing and business television (BTV) services throughout the Asia-Pacific region and other regions in the world since 1986. Today, services include video production, satellite transmission, network design, permanent and temporary installations, digital cinema and network management - including help desk. Hoyts Cinemas, one of Australia's leading entertainment corporations, owns and operates 45 cinemas, with over 400 screens and more than 75,000 seats throughout Australia and New Zealand. Hoyts continues to invest heavily in all areas of its business with the ongoing conversion from analogue to digital and the installation of satellite equipment being a key area of focus.

"We are pleased to work with IDC and OmniCast on this project. We take a great deal of pride in our innovative approach to all aspects of the cinema experience for our customers, and by adding IDC's products and technology into the Hoyts digital cinema satellite distribution network throughout Australia and New Zealand, we continue to lead the way in this market," said Michael Fleck, Managing Director of Global Vision. "Our experience with IDC has proven that they not only have the leading technology in digital cinema distribution today, but are focused on the future, and supporting companies like Global Vision and Hoyts," he added.

"I am pleased to welcome Hoyts and Global Vision to our growing roster of digital cinema clients around the world. This first digital cinema project in the Asia Pacific Region for IDC is a continuation of our expansion in this market. With our established base in the US and recently announced contracts for new networks in Europe, IDC's digital cinema distribution technology is quickly gaining recognition as the global market leader and is poised to become the de facto standard for the distribution of digital content to theatres," said Ron Clifton, IDC President and CEO.

© 2009 Canjex Publishing Ltd.
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