ViewCast Corporation Announces Retention of Rockland Capital Partners.Business Editors/High-Tech Writers DALLAS--(BUSINESS WIRE)--Jan. 12, 2004 ViewCast Corporation (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :VCST), a leading global provider of high-quality audio and video communications products and IT systems integration, is furthering the execution of its strategic plan with particular focus on growth and expansion alternatives through the retention of investment banking firm, Rockland Capital Partners. Rockland has been retained to assist ViewCast with the review, refinement and implementation of its strategic initiatives. ViewCast will be working with the principals of Rockland, Andrew Mittag and Richard Conroy, who collectively have over 50 years of investment banking, commercial banking and corporate experience. Rockland has offices in the Dallas and New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of areas. "Rockland is excited about ViewCast's prospects and looks forward to working with them during 2004," commented Andrew Mittag. Strategic alternatives to be considered will include, among other things, penetration of new customer markets and acquisition considerations that are supplemental to ViewCast's operational and financial objectives. "As we enter into 2004 with signs of economic recovery and optimism, a more fertile business climate exists. ViewCast plans to capitalize on this favorable environment by accelerating our growth and market penetration. The retention of Rockland can assist ViewCast in these objectives and add to our relationships with the financial and investment community," commented George Platt, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. and president. About ViewCast Corporation ViewCast develops a variety of software, hardware and services for network audio and video communications, including Osprey osprey (ŏs`prē), common name for a bird of prey related to the hawk and the New World vulture and found near water in most parts of the world. (R) Video capture cards, Niagara(TM) streaming encoders/servers and Viewpoint VBX (Visual Basic EXtension) A component software technology from Microsoft that enabled a Visual Basic (Windows) program to add functionality by calling ready-made software modules. switches and gateway, and provides professional IT services through its wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. Delta Computec Inc. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. Statement Certain statements, including those of George Platt and Andrew Mittag, may contain "forward-looking" information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which reflect the company's current judgment on certain issues. Because such statements apply to future events, they are subject to risks and uncertainties that could cause the actual results to differ materially. Important factors which could cause the actual results to differ materially include, without limitation, the following: the ability of the company to develop and market new products as technology evolves; the ability of the company to meet its capital requirements Capital requirements Financing required for the operation of a business, composed of long-term and working capital plus fixed assets. ; and competition in the video communications and IT services market. For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from the company's forward-looking statements, please refer to the company's reports on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and 10-Q on file with the Securities and Exchange Commission. |
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