SALT LAKE CITY--(BUSINESS WIRE)--Broadcast International, Inc. (OTCBB: BCST) (“BI”) announced today that it will broadcast a presentation highlighting a substantial new sales contract, as well as another recent 8-K filing. The video presentation will also cover upcoming events, as well as the Company’s goals and vision moving forward.
The broadcast will be available on the Broadcast International website, www.brin.com, beginning Tuesday, September 1, 2009, at 11:00 a.m. EST. Rod Tiede, President & CEO of Broadcast International, will host the presentation.
“Of particular interest for this broadcast will be a recently signed $10.1 million contract with a Fortune 10 financial institution to provide its digital signage services for the next 36 months for approximately 2,000 of its 6,000 retail locations,” said Tiede. “We’ll also discuss our other recent 8-K filing, as well as an outlook for the future.”
Tiede further states, “A factor in securing this digital signage contract is BI’s CodecSys compression technology. We are confident that having the power of CodecSys in our digital signage services will lead to additional projects for this customer, as well as others that are in need of a reliable, cost-effective video compression solution.”
Topics of this broadcast presentation will include:
To view the broadcast, please visit the Broadcast International website at www.brin.com.
About Broadcast International
Broadcast International is a leading provider of video-powered broadcast solutions, including IP, and digital satellite, Internet streaming and other types of wired/wireless network distribution. BI’s patented CodecSys software is a breakthrough, multi-codec video compression technology that cuts video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of applications such as streaming video to cell phones, and offers unprecedented price/performance benefits for existing applications such as HD video.
All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption "Additional Factors That May Affect Our Business" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto. In addition, we operate in a highly competitive and rapidly changing environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statement.