RRSat Reports Strong Contract Flow Over the Past Months
18 Décembre 2006 - 2:00PM
PR Newswire (US)
Several New Contracts Signed During the Current Quarter, Worth a
Combined $13.6 Million OMER, Israel, December 18
/PRNewswire-FirstCall/ -- RRSat Global Communications Network Ltd.
(NASDAQ:RRST), a rapidly growing provider of comprehensive content
management and global distribution services to the television and
radio broadcasting industries, today announced that it has signed a
total of 21 new contracts since the beginning of the current
quarter. The new contracts are worth a total of $13.6 million, over
a period of up to 3 years and averaging 33 months. Out of the 21
contracts, 9 represent new clients for RRSat's global distribution
services, and 12 are existing clients that are extending their
relationship with the company by purchasing additional services.
David Rivel, Chief Executive Officer of RRSat, commented, "This has
been a very busy quarter for us so far. We are very happy that our
first announcement following our IPO is reporting on the very
strong progress that we have made in the last months." "Some of the
contracts that we have won are significant and with important brand
names, such as Russia Today, Music One, and Fashion TV. We are also
pleased that a large portion of this group consists of existing
clients that extended their commitment to RRSat by purchasing
additional long-term value added services," continued Mr. Rivel.
"This is a testimony to our customers' satisfaction with the
compelling value proposition we offer them, across both our
distribution and value-added services capabilities. We expect to
continue to leverage our substantial client base for these types of
up-selling opportunities." "Additionally, we have acquired 9 new
clients that have decided to switch to RRSat because of our ability
to provide them with a one-stop shop for global distribution
services and content management, at lower cost and higher
transmission quality. We look forward to continue reporting our
successes over the next few months," concluded Mr. Rivel. About
RRSat Global Communications Network Ltd RRSat Global Communications
Network Ltd. (NASDAQ:RRST) provides global, comprehensive, content
management and distribution services to the rapidly expanding
television and radio broadcasting industries. Through our
proprietary "RRSat Global Network," composed of satellite and
terrestrial fiber optic transmission capacity and the public
Internet, RRSat is able to offer high-quality and flexible global
distribution services for content providers. Our comprehensive
content management services include producing and playing out TV
content as well as providing satellite newsgathering services
(SNG). RRSat concurrently provide these services to more than 265
television channels and more than 80 radio channels, covering more
than 150 countries. Visit the company's website
http://www.rrsat.com/ for more information. Safe harbor statement
This press release contains forward looking statements 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,
including statements regarding (i) the growth of our business and
our the television and radio broadcasting industries, (ii) our
expectation to sell additional services to our existing client
base, and (iii) our ability to report future successes over the
next few months. These forward-looking statements involve known and
unknown risks and uncertainties and are based on current
expectations, assumptions, estimates and projections about the
companies and the industry as of the date of this press release.
The company undertakes no obligation to update forward-looking
statements to reflect subsequent occurring events or circumstances,
or to changes in its expectations, except as may be required by
law. Forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from those contemplated by the forward-looking statements,
including the risks indicated in our filings with the Securities
and Exchange Commission (SEC). For more details, please refer to
our SEC filings and the amendments thereto, including our
Registration Statement on Form F-1 filed on October 31, 2006 and
our Current Reports on Form 6-K. Company Contact Information: Gil
Efron, CFO Tel: +972-8-861-0000 Email: External Investor Relations
Contacts: Ehud Helft / Kenny Green Tel:+1-866-704-6710 DATASOURCE:
RRSat Global Communications Network Ltd CONTACT: Company Contact
Information: Gil Efron, CFO, Tel: +972-8-861-0000, Email: .
External Investor Relations Contacts: Ehud Helft / Kenny Green,
Tel:+1-866-704-6710
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