SALT LAKE CITY, Nov. 1, 2010 /PRNewswire/ -- Broadcast International, Inc. (OTC Bulletin Board: BCST) ("BI") announced today that a major, flagship customer has expanded its subscription of their personal broadcast channel on the BI Network™. With an additional 700 sites subscribing to the private, corporate channel, the BI Network advances its lead as the largest, private broadcast network in the industry. Under the terms of this extension, the BI Networks Division will install these new digital signage systems in 2011 and the monthly services revenue will commence immediately.
"Once these new sites are operational, revenues in 2011 for the BI Networks Division are projected to more than double the 2010 level. We continue to expand our network and win contracts based on superior service and the highest quality video services on the market today. Our 26 year history of exceptional customer service, coupled with the patented data compression technology of our CodecSys Division, allows us to uniquely offer the industry's leading technology with unparalleled service," said Rod Tiede, President and CEO.
The BI Network™ enables companies of all sizes to create their own personal broadcast channel to distribute rich media content to their customers, partners, and employees. Video content flows to interactive digital signs, corporate end points, training seminars, and many other end points. This interactive digital network now boasts the greatest numbers of interactive sites than any other in the industry.
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.
SOURCE Broadcast International, Inc.