CANNES, France, April 7, 2008 /PRNewswire-FirstCall/ -- ROO Group (BULLETIN BOARD: RGRP) , a global leader in online video solutions, announced today the launch of its new brand identity to better reflect the company's updated strategic direction and corporate initiatives. The new brand, KIT digital, represents the company's operational platform and focus on "Knowledge, Imagination and Technology" to provide its clients with the strategies and tools necessary to harness the significant potential of Internet video. The company's new web site is http://www.kit-digital.com/.
KIT digital works closely with consumer brands and content owners including Verizon, News Corp., Google, Sensis, RCS and Telstra to develop and implement comprehensive, customized solutions for maximizing and monetizing their online assets.
To enhance its service offering, the company recently announced the acquisition and integration of its subsidiary, Sputnik Agency, a leading interactive marketing agency that has worked with clients including Holden (General Motors), BP and Saab Australia.
Last month, the company entered into a content distribution agreement with Kamera Content, a company that enables corporate clients such as Vodafone, MSN, Orange, Telefonica and China Mobile to deliver IPTV to their customers via both mobile and online networks. At the same time, KIT digital (then ROO Group) entered into a letter of intent to purchase 100% of the capital stock of Kamera, a transaction that adds full mobile distribution capabilities to KIT digital's online video service offering.
"The transformation from ROO to KIT digital signifies a rebirth for our company. With a new, profitability-focused management team and the integration of our interactive marketing subsidiary, Sputnik Agency-giving us a true end- to-end service offering for companies who want to harness video over IP-we believe KIT digital is positioned to lead and consolidate the industry," said Kaleil Isaza Tuzman, chairman and CEO of KIT digital. "Our new brand reflects the efforts we've made since the KIT Capital team assumed control of the company four months ago. We have worked hard to clean up the capital structure, divest ourselves of non-core and unprofitable assets, and refocus our sales and marketing efforts on higher margin, enterprise clients. We felt the MIP TV conference which starts today in Cannes, France-at which the leading companies on both the content and digital delivery sides of the industry are in attendance-was the right forum to unveil our new corporate identity and enhanced corporate strategy."
The KIT digital 360 degree program provides clients in media & entertainment, retail, automotive and financial services with a digital media management package which allows these clients to profitably market online video under their own brand, and includes the following salient features:
Device-agnostic, multi-lingual platform for content management and delivery:
-- Workflow and publishing -- Video player experience -- Content streaming (live and VoD) -- Indexing and storage -- Advertising -- Content and analytics -- Rights management -- Customer service Comprehensive interactive agency services: -- Content syndication and programming -- Creative development and brand management -- Campaign development -- Strategy and planning About KIT digital
KIT digital (formally ROO Group) (BULLETIN BOARD: RGRP) is a global service provider enabling businesses to leverage their digital media assets and provide an enhanced user experience. Through its comprehensive, customized online platform, KIT digital provides clients with an end-to-end solution to maximize the value of their online assets. Clients can publish, manage and distribute digital video content, build online communities and integrate advertising, as well as access approximately 100 KIT-syndicated channels and 40,000 KIT-syndicated videos. KIT digital has offices in Dubai, Melbourne (Australia), New York, London, and Bogotá (Colombia). For additional information, please visit http://www.kit-digital.com/.
Forward-Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995 -- With the exception of historical information, the matters discussed in this press release are forward-looking statements that involve a number of risks and uncertainties. The actual future results of ROO Group, Inc. could differ significantly from those statements. Factors that could cause actual results to differ materially include risks and uncertainties such as the inability to finance the company's operations or expansion, inability to hire and retain qualified personnel, changes in the general economic climate, including rising interest rates and unanticipated events such as terrorist activities. In some cases, you can identify forward-looking statements by terminology such as "may," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of such terms, or other comparable terminology. These statements are only predictions. Although we believe that the expectations reflected in the forward-looking statements are reasonable, such statements should not be regarded as a representation by the Company, or any other person, that such forward-looking statements will be achieved. We undertake no duty to update any of the forward-looking statements, whether as a result of new information, future events or otherwise. In light of the foregoing, readers are cautioned not to place undue reliance on such forward-looking statements. For further risk factors see the risk factors associated with our Company, review our SEC filings.
