CORRECTED-BRIEF-KIT Digital's ex-CEO submits bid for company

Wed Dec 5, 2012 11:15am EST

(Corrects to remove incorrect tag in headline)

Dec 5 (Reuters) - Dec 5 (Reuters) - KIT digital Inc : * Group led by former chairman and CEO Kaleil Isaza Tuzman extends revised

acquisition offer to KIT digital board of directors * Kaleil Isaza Tuzman says submitted a revised, non-binding offer letter in a

customary format to the KIT digital's board * Kaleil Isaza Tuzman says lowered indicative offer to acquire KIT digital to a

range of $1.35-$1.70 per share * Kaleil Isaza Tuzman- in absence of a response by December 12, "we will

evaluate other options available to US" (Reporting by Sruthi Ramakrishnan in Bangalore,)