Vizrt Scores Sales Of Over $1 Million In Pakistan
Geo TV and Television Media Network Select Vizrt Broadcast Graphics Software
Bergen, Norway, September 6, 2006 – Pakistani broadcasters Geo TV and Television Media Network (TMN) recently selected Vizrt broadcast graphics software to significantly update their graphic look. Geo TV, the premier Pakistani satellite TV channel, broadcasting in the Urdu language, was Vizrt’s first customer in the country. Geo TV is now expanding its current core Vizrt technology for use on the network’s new music-only channels. TMN is set to launch new, 24/7 news channels in the country. This is the network’s first purchase of Vizrt software, which is intended to differentiate its first channel on-air as it prepares for the country’s 2007 elections.
With these two orders, Vizrt has expanded its market share in Pakistan with sales of 1.1 million dollars thus far during the third quarter of 2006.
“We foresee significant potential in countries staging general elections, particularly with start-up channels seeking to differentiate their coverage,” said Kristian Kim Eikeland, Manager/Middle East, Vizrt. “We are thrilled to provide our live graphic expertise to Geo TV and TMN as they look to enhance their graphic look. We anticipate a very active, long-term relationship between our company and TMN and Geo TV.”
Karachi-based AA Systems served as the systems integrator for TMN.
About Vizrt:
Vizrt offers a new vision for content creation and delivery with an end-to-end solution from ingest to visualization. Our solution combines Vizrt’s true 2D/3D graphics tools with Curious Software’s World Maps and Ardendo’s Asset Management. Running on non pro-prietary software, the combination of these unique cutting edge products ensures a seamless workflow from conception to multi-format distribution. The latest addition to the Vizrt product suite is Viz|3G for hand held devices.
Vizrt’s product suite is used by the world’s leading broadcasters including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK. Also, many world-class production houses and corporate institutions, including both the New York and London Stock Exchanges, utilize Vizrt solutions.
Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com.
Press contacts:
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Ofra Brown |
Kathrine Wallace |
SCHWARZ Financial Communication |
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CFO |
VP Marketing |
Frank Schwarz |
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+972 54 4955225 |
+47 55 90 8265 |
+49 611 2058 095 |
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ofra@vizrt.com |
kwa@vizrt.com |
Schwarz@schwarzfinancial.com |
Forward looking statements
This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations or beliefs of Vizrt's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company’s concentration on one industry, decline in demand for the company’s products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.