CME Buys More Vizrt Virtual Reality Graphics For Central Europe
Vizrt Ltd. announced today that two broadcasters belonging to the CME group (Central European Media Enterprises) each bought 3-camera virtual set systems totalling over USD 700,000 of Q1 revenues, thereby significantly increasing their Vizrt graphics installations.
Bergen, Norway, February 27, 2006. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ), announced today that two broadcasters belonging to the CME group (Central European Media Enterprises) each bought 3-camera virtual set systems totalling over USD 700,000 of Q1 revenues, thereby significantly increasing their Vizrt graphics installations. The two channels were PopTV in Ljubljana, Slovenia and Nova TV in Zagreb, Croatia.
CME operates the leading group of TV networks and stations across Central and Eastern Europe. Vizrt has already sold its real-time 3D graphics systems to all the prominent channels owned by CME. Today, CME and its partners manage ten stations in six countries. Pro Plus d.o.o. in Ljubljana operates two channels (PopTV and Canal A) and is the biggest broadcaster in Slovenia. CME and its partners are market leaders in Romania, the Slovak Republic, Slovenia, Ukraine and the Czech Republic.
Vizrt is the world’s leading provider of HD/SD real-time 2D and true 3D broadcast graphics. The company’s software suite offers a complete graphics solution including: character generation, content management and newsroom integration, 3D tickers, virtual studio, 3D weather application with data integration, Curious Software map creation tools, virtual sports analysis, information display and virtual effects. All Vizrt’s graphics products are powered by a single core renderer, the unique and powerful Viz|Engine™. Vizrt’s graphics solution goes beyond the visual aspect and includes highly customized user interfaces for the designer, operator, journalist and engineer. The world’s leading broadcasters, such as CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK as well as Production houses and Corporate institutions, including both the New York and London Stock Exchange, use the Vizrt’s software suite. Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com
Forward looking statements
This press release contains forward-looking statements with respect to the business, financial condition and results of operations of VIZRT and its affiliates and Ardendo AB and its affiliates. These statements are based on the current expectations or beliefs of VIZRT’s management and Ardendo AB’s management and are subject to a number of risks and uncertainties that could cause actual results or performance of the both Companies to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, both companies concentration on one industry, decline in demand for both companies products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of both companies to differ materially from those contemplated in such forward-looking statements. VIZRT and Ardendo undertake no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
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