PLANO, Texas, July 31, 2013 /PRNewswire/ -- ViewCast Corporation (OTCQB:VCST) announced today that it has retained Silverwood Partners LLC, a Boston-based investment banking firm specializing in digital media technology, to evaluate strategic alternatives for ViewCast's growth. For more information, please contact Nicolas McCoy, Managing Director at 508-651-2441 or by email at nmccoy@silverwoodpartners.com.
"ViewCast is a market leader in the development of industry-leading solutions for the capture and streaming of video over enterprise, broadband and mobile networks," stated ViewCast Chief Executive Officer David Brandenburg. "In order to take full advantage of the market opportunity and maximize our business potential, we plan to review the full range of strategic alternatives that better position the company for growth."
Silverwood Partners is a specialized investment bank that provides mergers & acquisitions and private placement advisory services to media technology, consumer products, business services and healthcare companies.
ViewCast enables anyone to "deliver video whenever, wherever." With more than 400,000 Osprey® video capture cards and thousands of Niagara® streaming systems deployed globally, ViewCast is at the forefront of the video industry. ViewCast (www.viewcast.com) is headquartered in Plano, Texas, USA, with sales and distribution channels worldwide.
Safe Harbor Statement
Certain statements in this release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995 and reflect the Company's current outlook. Such statements apply to future events and are therefore subject to risks and uncertainties that could cause actual results to differ materially. Important factors that could cause actual results to differ materially from forward-looking statements include, but are not limited to, changes in market and business conditions, demand for the Company's products and services, technological change, the ability of the Company to develop and market new products, increased competition, the ability of the Company to obtain and enforce its patents and avoid infringing other parties' patents, and changes in government regulations. All written and verbal forward-looking statements attributable to ViewCast and any person acting on its behalf are expressly qualified in their entirety by the cautionary statements set forth herein. ViewCast does not undertake any obligation to update any forward-looking statement to reflect circumstances or events that occur after the date on which the forward-looking statements are made. For a detailed discussion of these and other cautionary statements and factors that could cause actual results to differ from the Company's forward-looking statements, please refer to the Company's reports on Form 10-K and 10-Q on file with the U.S. Securities and Exchange Commission.
ViewCast, Niagara SCX, Osprey, SimulStream, and Niagara are trademarks or registered trademarks of ViewCast Corporation or its subsidiaries. All other products are trademarks or registered trademarks of their respective companies.
SOURCE ViewCast Corporation