Tore Sviland Joins Board of Directors
Bergen, Norway, December 2, 2008. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ)
Following Mr. Reidar Michaelsen's decision to step down from his position on the Board of Directors of Vizrt, a vacancy arose that, according to the applicable corporate rules and regulations, can be filled subject to a carried resolution by the remaining Board members.
Mr. Sviland has a degree from The Norwegian School of Economics and Business Administration in Bergen and is therefore qualified to serve in any capacity on the Board of Directors.
Mr. Sviland controls a total of 661,677 shares in Vizrt, Ltd. through ownerships in the following two Norwegian companies: Delta Invest AS, with 222,749 shares, and Pelmentes AS, with 438,928 shares. Mr. Sviland further serves as Chairman of the Board of Directors of the Norwegian company Web Publishing Holding AS, which owns 290,869 shares in Vizrt, Ltd. Mr. Sviland does not hold a controlling interest in that company.
About Vizrt:
Vizrt creates leading-edge content production tools for the digital media industry - from award-winning 3D graphics & maps through integrated video workflow solutions to online publishing tools.
We propose a new vision for content creation, management and delivery with an end-to-end solution from conception to multi-format and multi-platform distribution. Through constant innovation and a good measure of fun, we create software and services that push creative boundaries, develop new ways of telling stories while always taking into account our customer's bottom line.
Vizrt's product suite is used by the world's leading broadcasters and publishing houses, including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, Network 18, Time Now, CCTV, NHK, The Globe and Mail, The Telegraph, and Welt Online. Furthermore, many world-class production houses and corporate institutions, including both the New York and London Stock Exchanges, utilize Vizrt solutions for the real time visualisation of information.
Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com
Media and investors contacts:
Bjarne Berg
President & CEO
+47 9055 7711
bberg@vizrt.com
Ofra Brown
CFO
+47 5351 8040
ofra@vizrt.com
SCHWARZ Financial Communication
Frank Schwarz
+49 611 1745 398 11
schwarz@schwarzfinancial.com