MOUNT LAUREL, NJ--(Marketwired - Aug 14, 2013) - TelVue® Corporation (
"We are very pleased with this profitability and cash flow milestone," said Jesse Lerman, TelVue's President and CEO. "In particular, growth of 132% in cloud services against the same 2012 period shows that our new offerings are gaining traction in a rapidly evolving broadcast industry that is transitioning to Internet delivery of video. Same period equipment sales growth of 49% is a nice indicator that our ability to combine cloud services with equipment suits many broadcasters who need on-premise equipment but also want innovative workflow features and flexibility best delivered through the cloud."
"TelVue is operating at an improving performance level," said Emmett Hume, TelVue's Chief Financial Officer. "We have created a more efficient expense structure through a range of process automations and improvements, and we are now structured to achieve more significant profitability with our sales growth."
About TelVue Corporation
TelVue® Corporation is a broadcast technology innovator and leader that helps video broadcasters automate their channels, expand their audiences across multiple screens, and broaden their ability to monetize their content. TelVue's professional quality broadcast equipment and cloud video services include all-in-one digital broadcast servers, ad servers, live and VOD Internet streaming, multi-user contribution and transcoding, hosted broadcast, broadcast program sharing, and web-based digital signage. TelVue® serves the local origination and leased access needs for 8 of the top 10 Cable and Telco MSOs, powers over 1,500 hyperlocal and PEG channels, powers Over-The-Top and Subscription Internet channels on the most popular OTT boxes and gaming consoles, and delivers local and specialty programming to millions of college students, hundreds of hospitals, and to over 30 Million households. For more information about TelVue®, please visit http://www.TelVue.com
This press release contains forward-looking statements that relate to future outcomes. Future operating and financial outcomes depend on numerous factors inside and outside of the Company and are thus inherently uncertain.