International Datacasting Corporation Plans to Acquire Logic Innovations Digital Video and Data Broadcast Product Lines

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Mon Nov 9, 2009 8:39am EST

  OTTAWA, ONTARIO, Nov 09 (MARKET WIRE) -- 
International Datacasting Corporation (TSX: IDC) ("IDC"), a leader in
advanced solutions for satellite distribution of broadband multimedia
content, announced today that it has entered into a non-binding term
sheet to acquire select product lines and related technology from San
Diego-based Logic Innovations, LLC ("Logic Innovations").

    The Logic Innovations product line of leading-edge broadcasting solutions
includes: transport stream multiplexing, IP multicasting and unicasting,
as well as broadcast record and playback products for the terrestrial,
satellite, and cable broadcast markets. Logic Innovations' particular
areas of expertise are digital audio/video and data communications
technologies including ATSC, DVB, and MPEG.

    "We are excited about this strategic acquisition," said Ron Clifton,
President and CEO of IDC. "Logic Innovations has been one of the pioneers
in the broadcast industry. They will bring first-class new products to
our portfolio of multimedia solutions and an impressive customer list.
The people and technology are an excellent fit with our recent
acquisition of Tiernan Video. This move will strengthen our San Diego
base of operations and allow us to better serve our combined
international customer base."

    The transaction is to be structured as an asset purchase agreement
pursuant to which IDC would acquire the assets of Logic Innovations
sufficient to maintain the business as a going concern. The maximum
aggregate purchase price (which shall be payable by IDC in cash) for the
purchased assets is not to exceed US$750,000.

    Although the transaction is not expected to have a material effect on the
operations of IDC, the addition of the assets to be purchased from Logic
Innovations to IDC's established product fold as well as the hiring of
certain of Logic Innovations' employees who are expected to join the IDC
team, is expected to be accretive to IDC's product offerings.

    The completion of this transaction is subject to standard terms and
conditions, including Board and regulatory approvals as well as due
diligence. The transaction is expected to close on or before November 30,
2009. A portion of the cash payment for the assets will be subject to
certain earn-out provisions. Additional details of the transaction will
be disclosed through the appropriate regulatory filings

    About International Datacasting Corporation (IDC)

    International Datacasting Corporation (TSX: IDC) is a global leader in
providing IP-based datacasting solutions for the distribution of
broadband multimedia content. IDC has a broad portfolio of advanced
technology products marketed under the names SuperFlex, Datacast XD,
Tiernan and PROFLine for implementing a wide range of satellite and other
broadband content contribution and distribution networks. IDC's products
are in demand for radio and television broadcast networks, distance
learning, digital signage, digital cinema, IPTV distribution and other
content distribution applications. IDC is headquartered in Ottawa,
Canada, operates in Europe through its wholly owned subsidiary PROFline
B.V. in Arnhem, the Netherlands, and in the US through its Tiernan
operations in San Diego, California. The Company is international in
scope, with installations in more than 100 countries worldwide, regional
sales and service offices in the UK, Australia, Singapore and China and
an established international network of value-added partners and
distributors.

    This press release contains forward-looking statements that may involve
risks and uncertainties. Actual results may differ materially. Factors
that might cause a difference include, but are not limited to,
competitive developments, risks associated with IDC's growth, any
difficulties with integrating acquired product lines into IDC's business
and/or manufacturing procedures, the development of the satellite
datacasting market, regulatory risks, intellectual property infringement
and other factors. IDC assumes no obligation to update these
forward-looking statements to reflect events or circumstances after the
date hereof. More detailed information about potential factors that could
affect IDC's financial and business results is included in the public
documents IDC files from time to time with Canadian securities regulatory
authorities.

Contacts:
International Datacasting Corporation
Tracy Trottier
Marketing Communications
613-596-4120 x 2274
ttrottier@datacast.com
www.datacast.com

Copyright 2009, Market Wire, All rights reserved.

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