RE'EM, Israel, March 15, 2010 /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 that it has signed a distribution
agreement with FOX Sports, a leading sports channel and a division
of the FOX Broadcasting Company. FOX Sports, the flagship network
of the FOX Sports Television Group, is America's top-rated network
for sports for 13 straight years (1997-2009), FOX Sports boasts
rights agreements with each of the United
States's highest-rated sports.
Distribution of FOX Sports via the Eurobird-9 satellite in
MPEG-4 format provides the FOX Sports Television Group with
increased, yet cost-effective, coverage within Europe, the Middle
East and North Africa, and
with the possibility to add HD format in the future.
"We are proud that a major and leading sports channel, such as
FOX Sports, chose RRsat to expand its distribution of leading US
sports into Europe and the
Middle East," commented
Lior Rival, Vice President, Sales
and Marketing of RRsat. "We believe the fact that FOX Sport's
decision to expand their relationship with us, testifies their
satisfaction with our existing services. We believe our expanding
relationship with FOX could lead to significant additional business
with FOX in the future. In addition, with this agreement, RRsat
will be increasing the highly successful SD feed already being
distributed to Israeli television operators with a parallel HD
feed."
"As one of the leading providers of sports coverage in
the United States, we have a
global audience and distribution is a key and an uncompromising
undertaking for us," commented Julio R.
Sobral, SVP Broadcast Operations of Fox International
Channels. "In RRsat, we have found a partner that is more than
capable, and our work with them so far has met and even exceeded
our expectations. We look forward to a long and fruitful
relationship with RRsat, as we continually build our global
audience of sports enthusiasts through them."
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 500 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, (iii) our ability to
successfully integrate the teleports we acquired, (iv) our ability
to develop and commercialize the RRsat Global Internet TV service,
(v) our expectation to extend the average length of our contracts
in the future, (vi) our ability to report future successes and
(vii) our intention to distribute dividends in the future and the
size of any dividends declared. 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, 2008 and our Current Reports on Form
6-K.
Information in this press release concerning FOX Sports and the
FOX Broadcasting Company is based on information published by FOX
Sports and the FOX Broadcasting Company and has not been
independently verified by RRsat.
Company Contact Information:
Gil Efron, CFO
Tel: +972-8-861-0000
Email: investors@RRsat.com
External Investor Relations Contacts:
Ehud Helft / Kenny Green
Tel: +1-646-201-9246
SOURCE RRSat Global Communications Network Ltd