Vizrt growths with Fox Serbia in Emerging Europe
Bergen, Norway, September 15, 2006. Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) announces today, that the company has received orders from Fox Serbia to deliver a complete broadcast graphics solution including a Viz|Virtual Studio and Viz|Weather for the new station. The total volume of the deal sums up to approximately USD 700,000. Fox Serbia is part of the international News Corp. media group, which won a public tender together with its regional partners for a public television license in Serbia earlier this year.
News Corp. and its partners have committed to providing high-quality entertainment and information programming. News Corp. and Fox Televizija also announced to direct considerable resources into the production of original programming in Serbia. News Corp's investment is part of the company's strategy to expand the successful European television business with focus on emerging eastern countries, highlighted by bTV in Bulgaria, which runs Vizrt systems since 2004.
About Vizrt:
Vizrt offers a new vision for content creation and delivery with an end-to-end solution from ingest to visualization. Our solution combines Vizrt's true 2D/3D graphics tools with Curious Software's World Maps and Ardendo's Asset Management. Running on non proprietary software, the combination of these unique cutting edge products ensures a seamless workflow from conception to multi-format distribution. The latest addition to the Vizrt product suite is Viz|3G for hand held devices.
News Corp. and its partners have committed to providing high-quality entertainment and information programming. News Corp. and Fox Televizija also announced to direct considerable resources into the production of original programming in Serbia. News Corp's investment is part of the company's strategy to expand the successful European television business with focus on emerging eastern countries, highlighted by bTV in Bulgaria, which runs Vizrt systems since 2004.
About Vizrt:
Vizrt offers a new vision for content creation and delivery with an end-to-end solution from ingest to visualization. Our solution combines Vizrt's true 2D/3D graphics tools with Curious Software's World Maps and Ardendo's Asset Management. Running on non proprietary software, the combination of these unique cutting edge products ensures a seamless workflow from conception to multi-format distribution. The latest addition to the Vizrt product suite is Viz|3G for hand held devices.
Vizrt's product suite is used by the world's leading broadcasters including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK. Also, many world-class production houses and corporate institutions, including both the New York and London Stock Exchanges, utilize Vizrt solutions.
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
Press contacts:
| Ofra Brown | Kathrine Wallace | SCHWARZ Financial Communication |
| CFO | VP Marketing | Frank Schwarz |
| +47 2169 2790 | +47 55 90 8265 | +49 611 1745 398 11 |
This press release contains forward-looking statements with respect to the business, financial condition and results of operations of Vizrt and its affiliates. These statements are based on the current expectations or beliefs of Vizrt's management and are subject to a number of risks and uncertainties that could cause actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements. These risks and uncertainties relate to changes in technology and market requirements, the company's concentration on one industry, decline in demand for the company's products and those of its affiliates, inability to timely develop and introduce new technologies, products and applications, and loss of market share and pressure on pricing resulting from competition, which could cause the actual results or performance of the company to differ materially from those contemplated in such forward-looking statements. Vizrt undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.