RRSat Renews Service Contract Valued in Excess of $7 Million
09 Juillet 2007 - 1:31PM
PR Newswire (US)
OMER, Israel, July 9 /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, announced today the renewal of a service contract to
distribute Direct To Home to multiple TV channels. The service
contract is valued in excess of $7 million. "We are very pleased
with the renewal of this contract from an existing customer. RRSat
pride's itself in its strong service offering, customer
relationships and, consequently, the high-level of customer
satisfaction." commented David Rivel, RRSat Founder and CEO "This
contract serves as further testimony to the inherent strength of
our business model, through our long term contracts, and the
potential evident in our existing customer base, providing us with
enhanced visibility into 2008 and beyond" 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 its
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. RRSat's 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 375
television and 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 the television and
radio broadcasting industries, (ii) our expectation to expand our
client base and sell additional services to our existing client
base, and (iii) our ability to report future successes. 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 Annual Report on Form 20-F for the year
ended December 31, 2006 and our Current Reports on Form 6-K.Company
Contact Information: 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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