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Vunder Sports Network to Launch Services Powered by CodecSys
SALT LAKE CITY, UT, Nov 26, 2012 (MARKETWIRE via COMTEX) --
Broadcast International (OTCQB: BCST) has been selected by Vuender
Sports Network to deploy CodecSys(TM) as the core platform for its
Over-The-Top sports network. The three year agreement includes a
revenue share between the companies, estimated to be more than
$500,000 over the life of the contract.
Vuender Sports Network is a global broadcasting company with
exclusive rights to niche-sports programming. Subscribers can access
live and previously recorded events, as well as adventure sports
programming. Vuender has distribution rights to extreme and popular
international sports including rugby, skiing, snowboarding,
motocross, surfing and a host of other related content.
"There is a tremendous market opportunity to bring global sports
content to targeted audiences around the world," commented Matt
Wunderli, CEO of Vuender Sports. "We aim to meet the growing demand
for alternative sports programming by enabling fans of international
sports to follow their favorite teams and sports that are not
otherwise available. Our goal is to bring internationally popular
sports to the local fan no matter where they live in the world."
"The CodecSys transcoding platform will provide the Vuender Sports
Network with broadcast quality content at low bandwidth across
multiple platforms including mobile devices," said Steve Jones,
general manager of the Video Software Division at Broadcast
International. "Utilizing the CodecSys transcoding technology allows
Vuender to distribute its high-value content across its IP-based
networks throughout the world more efficiently and cost effectively.
This agreement gives us the flexibility to share in the rapid revenue
growth of our customers."
About Vunder Sports Network
Vuender Sports Network (VSN) is an
OTT/IPTV broadcaster that provides viewers to access international
and extreme sports all in one location. VSN is redefining the sports
world and how consumers are able to interact. By being a new digital
HD sports channel, Vuender allows consumers to "Vue" their favorite
international and extreme sports in the palm of their hand or on any
device of their choosing. Vuender's on-demand video is not only
convenient but high quality and ever growing. VSN is A NEW DISRUPTION
in a venture between media, sports and entertainment with the best
technology available. http://www.vundersports.com
About Broadcast International
Broadcast International is a leading
provider of managed video solutions, including digital signage, OTT
(Over the Top) networks, IPTV, and live/on-demand content
distribution for the enterprise. 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 media applications, and offers unprecedented price/
performance benefits for existing applications such as HD video
distribution.
Broadcast International is a public company (OTCQB: BCST)
headquartered in Salt Lake City, UT. For more information, visit:
www.brin.com and www.codecsys.com.
Forward-Looking Statements
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.
Contacts:
Cameron Francis
Vice President Products
Broadcast International
(801) 562-2252
Email Contact
Liolios Group Inc.
Matt Glover or Michael Koehler
(949) 574-3860
Email Contact
Matt Wunderli
CEO & Founder
Vunder Sports Network
(801) 910-7716
Email Contact
Press contact:
Harriet Diener
Desert Moon Communications
845-512-8283
Email Contact
SOURCE: Broadcast International, Inc.
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