Daktronics' Keyframe Creative Services Division Expands Capabilities with the Purchase of High Tech Video Production Facility.BROOKINGS Brookings, city (1990 pop. 16,270), seat of Brookings co., E S.Dak., on the Big Sioux River; inc. 1883. A trade center in a livestock and grain region, Brookings is an important seed-processing point. , S.D. -- Daktronics, Inc.(Nasdaq:DAKT) of Brookings, S.D., announced today the recent purchase of the Diamond P Studio property, a video production facility located in Clearwater, Fla. Terms of the sale were not disclosed. The property acquisition will enable Daktronics, through its Keyframe Creative Services Creative Services are a subsector of the creative industries, a part of the economy that creates wealth by offering creativity for hire to other businesses. Examples include:
According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Bill Retterath, Daktronics Chief Financial Officer, "The purchase of the Diamond P Studio property will allow Daktronics to further differentiate itself from its competitors and provide a facility from which to deliver expanded service offerings to its customer base." Built in 1998, the 32,000-square-foot building features an 11,000 square-foot digital broadcast studio, six client edit bays, digital audio post-production and a satellite uplink (1) Transmitting from an earth station to a satellite. Contrast with downlink. (2) A port on a network device that is used to connect to another network device rather than a client or server. See MDI port. facility. Keyframe and Daktronics Sales and Service will soon relocate re·lo·cate v. re·lo·cat·ed, re·lo·cat·ing, re·lo·cates v.tr. To move to or establish in a new place: relocated the business. v.intr. their Tampa offices to the newly acquired video production facility. Mike Rocha, Keyframe Creative Services Manager, says the building acquisition will expand service offerings for existing and future clients. "The new complex will feature a one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. for clients in the sports, commercial and narrowcasting markets," Rocha said. "When available, outside organizations may rent the studio to produce infomercials, commercials or television programs. With a 100-foot hard cyclorama, the studio is a flexible solution for any type of production." Keyframe, a service division of Daktronics, is a premier provider of creative and technical services to corporations and sporting venues across North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. . For more information, visit www.keyframe.com. Daktronics has strong leadership positions in, and is one of the world's largest suppliers of, electronic scoreboards, computer-programmable displays and large screen video display and control systems. The company excels in the control of large display systems, including those that require integration of complex multiple displays showing real time information, graphics, animation and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in sport, business and transportation applications. For more information, visit www.daktronics.com, e-mail the Company at sales@daktronics.com, call toll free 1-800-DAKTRONICS (800-325-8766) in the U.S., or write the Company at 331 32nd Avenue, P.O. Box 5128, Brookings, SD 57006-5128. Cautionary Notice: In addition to statements of historical fact, this news release contains forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. reflecting the Company's expectations or beliefs concerning future events that could materially affect Company performance in the future. The Company cautions that these and similar statements involve risk and uncertainties including changes in economic and market conditions, management of growth, timing and magnitude of future contracts, and other risks noted in the Company's SEC filings which may cause actual results to differ materially. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligation to update or revise such statements to reflect new circumstances CIRCUMSTANCES, evidence. The particulars which accompany a fact. 2. The facts proved are either possible or impossible, ordinary and probable, or extraordinary and improbable, recent or ancient; they may have happened near us, or afar off; they are public or or unanticipated events as they occur. |
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