Read Larry Connors' blog – Short Term Trading Strategies
The new agreement, which builds upon and extends existing license and service agreements between AP and KIT digital, was executed in the context of ongoing discussions between the companies regarding potential collaboration in emerging IP video areas, including IPTV enabled television and high-bandwidth mobile networks.
"This important next stage in our collaboration with KIT digital will allow us to improve the management and delivery of AP's video news content to clients and newsrooms across the globe," said Daisy Veerasingham, VP of Sales, EMEA and Asia, for the Associated Press.
AP will continue to use KIT's scalable, enterprise level VX Video Management Platform to manage, modify, syndicate and deliver digital video news content. Under the agreement, APTNvideo.net (AP's content distribution exchange, built by KIT digital) will continue to be operated by KIT digital and further developed jointly. The APTNvideo.net platform is designed to allow website and mobile operators, along with commercial news broadcasters, to browse and download AP news, entertainment, and sports video content in the appropriate format for their individual needs.
KIT digital will also continue to edit, localize and syndicate exclusive, unedited AP content for KIT digital customers, including the highly popular Wow!TV service. This localization service involves the dubbing of news, sport and entertainment content in more than 15 different languages, including the 'Latin American package,' a series of news and entertainment clips produced daily and specifically tailored for the Latin American market.
Gavin Campion, president of KIT digital, commented: "This renewed alliance clearly demonstrates our industry leadership in delivering IP video management systems for the world's leading news producers, whether for online, mobile or traditional news broadcast. We expect the agreement to take our joint offering to a new level of technology enhancement integration, and advance AP's position as the world's most relied-upon news source."
About KIT digital
KIT digital (NASDAQ: KITD | Quote | Chart | News | PowerRating) is a leading, global provider of on-demand Internet Protocol (IP)-based video asset management solutions. Through its end-to-end software platform, "KIT VX," KIT digital enables enterprise clients to acquire, manage and distribute their video assets across the three screens of the computer Internet browser, mobile device and television via an IPTV set-top box. KIT digital clients' use of the VX platform ranges from end-consumer focused video distribution to internal corporate deployments, including corporate communications, human resources, training, security and surveillance. The KIT digital client base includes over 470 enterprise customers across 30+ countries, including The Associated Press, Disney-ABC, Google, IMG Worldwide, Kmart, NASDAQ, News Corp, RCS, Sensis, Telefonica, and Verizon. KIT digital has principal offices in Prague, Melbourne (Australia), New York, Toronto, London and Dubai. For additional information, please visit www.kitd.com.
KIT digital Forward-Looking Statement
This press release contains certain "forward-looking statements" related to the businesses of KIT digital, Inc. which can be identified by the use of forward-looking terminology such as "anticipates," "believes," "estimates," "expects" or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product development and commercialization, the ability to obtain or maintain patent and other proprietary intellectual property protection, market acceptance, future capital requirements, regulatory actions or delays, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our public filings with the U.S. Securities and Exchange Commission. KIT digital is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
KIT digital Media Contact: Daniel Goodfellow Vice President of Marketing and Communications Tel +1-646-873-3086 Email Contact KIT digital Investor Relations Contact: Matt Glover Liolios Group, Inc. Tel +1-949-574-3860 Email Contact AP Media Contact Suzie Schilling tpr Media Email Contact
SOURCE: KIT digital
http://www2.marketwire.com/mw/emailprcntct?id=9ABF0FEA161743B1 http://www2.marketwire.com/mw/emailprcntct?id=B1A6E605D0D3829E http://www2.marketwire.com/mw/emailprcntct?id=26DE16E7404E8364
More News:
Market Updates |
Stock Alerts |
All Trading News |
Stock Index
About TradingMarkets | Contact | Advertise | Careers | Link to Us | Site Map | Help | Terms & Conditions | Privacy Policy | Return Policy | Testimonials | Feedback
The Connors Group, Inc. ("Company") is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. The analysts and employees or affiliates of Company may hold positions in the stocks, currencies or industries discussed here. You understand and acknowledge that there is a very high degree of risk involved in trading securities and/or currencies. The Company, the authors, the publisher, and all affiliates of Company assume no responsibility or liability for your trading and investment results. Factual statements on the Company's website, or in its publications, are made as of the date stated and are subject to change without notice.
It should not be assumed that the methods, techniques, or indicators presented in these products will be profitable or that they will not result in losses. Past results of any individual trader or trading system published by Company are not indicative of future returns by that trader or system, and are not indicative of future returns which be realized by you. In addition, the indicators, strategies, columns, articles and all other features of Company's products (collectively, the "Information") are provided for informational and educational purposes only and should not be construed as investment advice. Examples presented on Company's website are for educational purposes only. Such set-ups are not solicitations of any order to buy or sell. Accordingly, you should not rely solely on the Information in making any investment. Rather, you should use the Information only as a starting point for doing additional independent research in order to allow you to form your own opinion regarding investments. You should always check with your licensed financial advisor and tax advisor to determine the suitability of any investment.
HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN INHERENT LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING AND MAY NOT BE IMPACTED BY BROKERAGE AND OTHER SLIPPAGE FEES. ALSO, SINCE THE TRADES HAVE NOT ACTUALLY BEEN EXECUTED, THE RESULTS MAY HAVE UNDER- OR OVER-COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE SHOWN.
The Connors Group, Inc.
10 Exchange Place, Suite 1800
Jersey City, NJ 07302
© Copyright 2009 The Connors Group, Inc.
