Central European Broadcaster Signs MAM Deal for over 2 Million US-Dollar
Bergen, Norway, January 2, 2008. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) today announces its Media Asset Management business has achieved record order intake for Q4 2007. The most recent deal is with a Central European broadcaster who is acquiring a MAM-system for a total value in excess of USD 2 million. The system will be delivered and installed over the coming three to four quarters.
“Recent developments indicate that our bullish view on digital archiving was correct. We are experiencing demand from all over the world and believe we can achieve significant growth in 2008 for this part of Vizrt’s business”, stated Erik Aahlin, VP of MAM-Sales in Vizrt.
About Vizrt
Vizrt creates leading-edge content production tools for the digital media industry. From award-winning 3D graphics & maps to integrated video workflow solutions. Vizrt proposes a new vision for content creation and delivery with an end-to-end solution from conception to multi-format distribution. Through constant innovation and a good measure of fun, we create software and services that push creative boundaries and develop new ways of telling stories. 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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Bjarne Berg |
Ofra Brown |
SCHWARZ Financial Communication |
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President & CEO |
CFO |
Frank Schwarz |
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+47 9055 7711 |
+47 2169 2790 |
+49 611 2058 095 |
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.