KIT digital Expects to Make Use of 10-Q Filing Extension as a Result
of Delays Related to Hurricane Sandy
NEW YORK, NY -- (Marketwire) -- 11/09/12 -- KIT digital, Inc.
(NASDAQ: KITD), a leading video management software and services
company, announced today that the filing of its Quarterly Report on
Form 10-Q for the quarter ended September 30, 2012 has been delayed
due to the effects of the aftermath of Hurricane Sandy. As a result
of the storm, the company experienced a loss of electricity and
telephone service for one week at its headquarters in New York City
and a number of its employees, auditors and others living in affected
areas who have been historically responsible for the preparation of
the company's SEC filings and related financial statements and
disclosures were displaced. The Securities and Exchange Commission
recently announced that it anticipated relief measures that would
extend the filing deadline of any individual or entity that cannot
timely file due to Hurricane Sandy and its aftermath to November 21,
2012. The company intends to make use of this extension and is
working towards filing the third quarter Form 10-Q by such extended
About KIT digital, Inc.
KIT digital (NASDAQ: KITD) is a leading
video management software and services company. Cosmos and Cloud, the
company's video asset management systems, enable leading broadband
media companies to produce, manage and deliver multiscreen
socially-enabled video experiences to audiences wherever they are.
KIT digital services thousands of clients globally including some of
the world's biggest brands, such as Airbus, The Associated Press,
AT&T, BBC, BSkyB, Disney-ABC, Google, HP, Mediaset, MTV, News Corp,
RCS Media Group, Sky Deutschland, Sky Italia, Telecom Argentina,
Telecom Italia, Telefonica O2, Universal Studios, Verizon, Vodafone,
VRT and Volkswagen. KIT digital maintains headquarters in New York
City and offices in more than a dozen countries around the world.
Visit the company at www.kitd.com or follow on Twitter at
KIT digital Media Contact:
Tel. +44 7590 554 845
KIT digital Investor Contact:
Managing Director, Financial Strategy
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