OTTAWA, ONTARIO--(Marketwired - Nov. 21, 2013) - In a strategic move to bring the most comprehensive radio options to over 30 million Peruvian listeners, International Datacasting Corporation (IDC.TO) is pleased to announce that CRP MEDIOS Y ENTRETENIMIENTO SAC will upgrade its network across Peru using IDC's STAR Pro Audio™ Receivers. IDC's STAR system offers a technological leap forward by saving up to 60% in satellite bandwidth costs. STAR is the modern replacement for IDC's market-leading ABR professional audio system, which is still being used to deliver content to tens of thousands of transmitter sites across the world.
CRP MEDIOS Y ENTRETENIMIENTO SAC is a long-term IDC customer, and offers a wide variety of targeted music stations, as well as the ability to advertise locally in major cities. These highly popular stations enjoy a diverse audience who tune in daily for entertainment that reflects a contemporary Latin American market. CRP MEDIOS Y ENTRETENIMIENTO SAC plans to deploy IDC's STAR in a multi-phase approach that will work in tandem with the ABR platform until all systems are in place, allowing for a seamless transition.
"Yet again, IDC brings an exciting new solution to our family of stations that not only translates to savings for CRP MEDIOS Y ENTRETENIMIENTO SAC, but also enables growth. As a result of our experience with IDC, we know the technology and the quality of the equipment will give us outstanding performance," said Manual Soto, COO for CRP MEDIOS Y ENTRETENIMIENTO SAC. "With IDC, we appreciate knowing that we will always have the best technology and service available for many years to come."
The STAR Pro Audio Receivers are the latest example of IDC's 20-year commitment to engineer long lasting, highly reliable audio receiver products that support the customer's satellite distribution needs well in to the future. Its range is designed specifically for the distribution of audio programming over satellite, IP and ASI radio broadcasting networks. This efficient and reliable infrastructure supports the mission of IDC to deliver the highest broadcast quality as well as outstanding value for its customers.
"Our long-standing relationship with CRP MEDIOS Y ENTRETENIMIENTO SAC truly reflects our dedication to the advancement of the radio industry in Latin America," said Doug Lowther, President and CEO of IDC. "We are confident that the STAR solution will provide an excellent upgrade that streamlines services, while lowering costs for CRP MEDIOS Y ENTRETENIMIENTO SAC."
About International Datacasting Corporation:
International Datacasting Corporation (IDC.TO) is a global leader in digital content distribution for the world's premiere broadcasters in radio, television, data and digital cinema. IDC offers a broad portfolio of advanced solutions including the STAR Pro Audio™ Solution, LASER™ Targeted Ad Insertion Platform, and the Digital Tattoo™ DTH Over IP Gateway. The company's products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite newsgathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. The company has installations in over 100 countries and service offices in Thailand and Singapore, and an international network of value-added partners and resellers. For more information visit: www.datacast.com.
About CRP MEDIOS Y ENTRETENIMIENTO SAC :
Founded over 44 years ago, CRP MEDIOS Y ENTRETENIMIENTO SAC is a market leader in radio communications specializing in the production, operation and sales of advertising space in Peru, with nine different radio formats (AM/FM), five of which are transmitted nationwide to over 120 stations across Peru.
This press release contains certain information that may constitute "forward-looking information" and/or "forward-looking statements" within the meaning of applicable Canadian securities laws. All forward-looking information and forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. All statements other than statements which are reporting results as well as statements of historical fact are forward-looking statements that may involve a number of known and unknown risks, uncertainties and other factors; many of which are beyond the ability of IDC to control or predict.
Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan or "project" or the negative of these words or other variations on these words or comparable terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Risk factors that might cause actual results to differ materially include, but are not limited to: competitive developments; risks associated with IDC's growth; expectations regarding new product initiatives and timing, including the STAR Pro Audio™ Solution, LASER™ Targeted Ad Insertion Platform and Digital Tattoo™ DTH Over IP Gateway; any difficulties with integrating acquired product lines into IDC's business and/or manufacturing procedures; any difficulties or disputes with IDC's subcontractors, contract manufacturers and suppliers; IDC's dependence on the development and growth of the satellite services market; a lengthy and variable sales cycle for IDC's products and services; IDC's reliance on a small number of customers for a large percentage of its revenue; expectations with respect to the sufficiency of its financial resources and liquidity; regulatory risks and intellectual property infringement.
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 and which are available on SEDAR at www.sedar.com,
Except as expressly required by applicable law, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Forward-looking statements are provided to assist external stakeholders in understanding IDC's expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements.
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