KIT digital Reports on Recent Client Wins
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DUBAI, UNITED ARAB EMIRATES, Jul 07 (MARKET WIRE) --
KIT digital, Inc. (OTCBB: KDGL), a leading global provider of Internet
Protocol (IP)-based video management technologies, has continued its
strong organic growth by adding a number of globally recognized brands to
its customer list in the first half of 2009.
The company has expanded its client reach in each of its three regional
coverage areas (EMEA, Asia-Pacific and the Americas) with the addition of
brands like PMT and MSN (EMEA), Tabcorp (Asia-Pacific) and Citadel
Broadcasting (the Americas). The new business includes deployments across
a variety of industry verticals and consumer "screens" (browser, mobile
handset, IPTV-enabled television set), demonstrating the company's
device-agnostic approach and the breadth of functionality available
through the KIT VX Video Management Platform.
"The last six months have firmly established KIT digital as the leading
global provider of IP-based video technologies for the large enterprise,"
said Gavin Campion, president of KIT digital. "We have competed
head-to-head with competing platforms and internally built solutions, and
also advanced KIT VX as part of a greenfield solution for monetizing
IP-based video. Across a wide range of verticals -- media and
entertainment, classifieds, gaming, financial, telecommunications and
government -- we continue to be the IP video platform of choice for
sophisticated companies operating in multiple geographies and network
environments."
The KIT VX end-to-end technology platform helps corporations and
governments leverage video content and video-based marketing online, on
mobile devices and on Internet-enabled television sets. KIT VX is also
used for corporate video deployments, helping clients save money by
deploying IP video solutions in lieu of traditional satellite or
closed-circuit systems in areas like corporate communications,
information kiosks, human resources and training, and
security/surveillance.
Selected new client wins during the first half of 2009, where in many
instances KIT digital was selected in a competitive RFP process, include:
Europe, Middle East & Africa (EMEA)
-- MSN Europe, one of the leading online portals, engaged KIT digital to
provision high quality, repurposed and localized IP video content, using
KIT digital's content localization facility in Cairo;
-- PMT Video, a major IP video initiative in the Russian marketplace,
selected the KIT VX digital asset management system to provide a new
service for the Russian consumer: video-on-demand in the home with targeted
content and advertising on an open-network IPTV set-top-box;
-- The municipal government of a leading European capital city engaged
KIT digital to use IP video led elements to promote tourism, including 3D
cinema, computer games, and themed kiosks. The deployment has already
received the Gloria Musaealis award for digitalization;
-- Multimedialne Centrum Bratislava selected KIT VX as the basis for a
special multimedia classroom roll-out, utilizing IP video, audio, graphics,
internet and traditional broadcast in the learning process.
Asia-Pacific
-- Sky Racing, a division of Tabcorp (one of the world's largest publicly
listed gaming companies), chose KIT digital to deliver live and on-demand
racing channels via the Internet, through a custom interface;
-- Yellow(TM), a division of Sensis and Asia's largest classified and
business listing publisher, selected the KIT VX platform to ingest, filter
and curate UGC video listings across the many thousands of Yellow
advertisers;
-- A major private health insurance brand selected KIT digital for an
online video solution;
-- Leading Australian tourism operator Spirit of Tasmania appointed KIT
digital to manage future online and mobile video marketing applications
through its KIT VX asset management system.
The Americas
-- Citadel Broadcasting, the second-largest radio network in the USA,
chose the KIT VX digital asset management module for its network of over
220 sites for a further two years, citing the suitability of the KIT VX
platform for multi-point publishing as a key differentiator;
-- blinkx, the leading online video search engine, engaged with KIT
digital in a major partnership. The deal allows KIT digital to access the
blinkx technology and offer it to clients as part of the KIT VX platform.
In turn, blinkx uses KIT VX as a technology backbone for the management and
delivery of IP video;
-- Mio.tv, a new video-led web portal for the Hispanic community in the
U.S., engaged KIT digital to develop a strategy and treatments that
facilitated a number of different video-viewing experiences, along with
social networking interactions aligned to the video experience;
-- The New York Post reappointed KIT digital as a video technology
partner for an additional two years, citing KIT digital's product
development roadmap, and opportunities for customization of the solution as
key competitive differentiators.
KIT digital has continuously expanded the functionality of its KIT VX
Video Management Platform through new releases, integrating new features
and product modules that have been brought to market as a result of
meeting client-driven needs as well as through strategic acquisitions. As
a standard practice, the company does not capitalize research and
development -- which management believes provides for greater
transparency in financial reporting and accountability. At times, the
company may choose to terminate certain client contracts it deems
unprofitable or inappropriately draining company resources.
Kaleil Isaza Tuzman, chairman and CEO of KIT digital, commented: "In
addition to client and revenue expansion, the first half of 2009 has been
dedicated to ongoing improvement of our KIT VX platform and integration of
functionality gleaned from prior acquisitions. We believe that the IP
video platform market is beginning to differentiate along several vectors
-- like '3-screen' capability, asset management versus video player focus,
geographical coverage, enterprise versus SME focus, etc."
"We remain committed to serving the IP video needs of the global
enterprise," continued Isaza Tuzman, "which can be highly complex, span
multiple physical and network geographies, and require online, mobile and
IPTV-based asset management. Our 'industrial-grade' digital asset
management system and multi-point publishing capability support this
go-to-market strategy, while providing for less competitive pressure and
higher margins."
About the KIT VX Video Management Platform
The KIT VX Video Management Platform allow clients to easily capture,
manage, and monetize digital video assets, and deliver them via the Web,
mobile networks and IPTV-enabled set-top boxes. KIT VX centralizes video
asset management, and allows for multiple users within client
organizations to have different access rights to content to help ensure
appropriate distribution, promotion and creation of content. The platform
includes a robust content management system (CMS) for managing large
amounts of text, documents, images, audio and video -- or elements of the
platform can be integrated with existing content management systems via
the platform's advanced application programming interfaces (APIs) that
include a number of pre-built, modular extensions. KIT VX is now offered
with Akamai Technologies' IP video solutions, providing unparalleled
IP-based content management, storage and delivery.
About KIT digital
KIT digital is a leading, global provider of on-demand content management
solutions for managing IP-based video assets. Through its end-to-end
software platform, KIT VX, KIT digital works closely with consumer brands,
content providers and telcos to economize on costs and maximize the value
of video content via the Internet, mobile networks and IPTV set-top boxes.
The KIT VX platform allows clients to ingest, manage, distribute and
publish digital video content, build online/mobile communities and
integrate advertising. KIT offers businesses a full range of interactive
marketing solutions and KIT clients can access approximately 80
KIT-syndicated channels and 40,000 KIT-syndicated videos. KIT digital
clients include Associated Press, Disney-ABC, General Motors, IMG, Kmart,
Nasdaq, News Corp, RCS, Telefonica and Verizon. KIT digital has principal
offices in Dubai, Melbourne (Australia), Prague, Toronto and London. For
additional information, please visit www.kitd.com.
KIT 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" 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.
KIT digital Media Contact:
Daniel Goodfellow
Tel. +1-646-873-3086
Email Contact
KIT digital Investor Relations Contact:
Matt Glover
Liolios Group, Inc.
Tel. +1-949-574-3860
Email Contact
Copyright 2009, Market Wire, All rights reserved.
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