Mark F. Spagnolo Joins Board of Directors
Industry Icon brings wealth of experience and strategic insight
SALT LAKE CITY, May 18 /PRNewswire-FirstCall/ -- Broadcast International (OTC Bulletin Board: BCST) announced today the appointment of Mark F. Spagnolo to its board of directors. Mr. Spagnolo is an industry icon with a lifetime of executive experience in the key industries of communications, broadcasting, networking, service offerings, and many others.
Mark was on the forefront of the Internet revolution as CEO of UUNET where he grew revenues by a factor of 10 to over $5 Billion. He also enjoyed success as the CEO of SiteSmith where he led the company through a strategic exit by being acquired for $1.4 Billion.
His extensive strategic experience, intuition, and insight was developed over several decades working for EDS where he ended his twenty-plus year tenure as the President of the infotainment business unit. Mark has also held several board positions with various companies and currently is President of Spagnolo Group, LP.
"Today's networks are bulging at the seams from the dramatic increase in video traffic. So when I learned of Broadcast International and CodecSys™, their software platform for optimizing video, I could see the global impact for good they will have on video networks and services. They've caught the market in its infancy and are poised for significant growth with this disruptive technology," said Mark F. Spagnolo.
"We are thrilled that Mark has accepted our invitation to join our board of directors. His background, experience, and strategic insight will move Broadcast International to the next phase in our growth. I am looking to Mark for guidance as we navigate the strategic landscape of customers, partners, and alliance. His global experience is also crucial as we find ourselves growing in markets around the world," said Rod Tiede, CEO Broadcast International.
Mark will join the other members of the board which include Mr. Bill Boyd, Chairman, Rod Tiede, Director and CEO, Mr. Phil Zobrist, Director, and Mr. Jim Solomon, CFO and Director.
About Broadcast International
Broadcast International is a leading provider of video-powered broadcast solutions, including IP, and digital satellite, Internet streaming and other types of wired/wireless network distribution. BI's patented CodecSys software is a breakthrough, multi-codec video compression technology that cuts video bandwidth requirements over satellite, cable, IP and wireless networks. By slashing bandwidth needs, CodecSys enables a new generation of applications such as streaming video to cell phones, and offers unprecedented price/ performance benefits for existing applications such as HD video.
Broadcast International is a public company (OTC BB: BCST) headquartered in Salt Lake City UT. For more information go to www.brin.com and www.codecsys.com.
Forward-Looking Statements
All statements in this news release that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). While management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include, but are not necessarily limited to, those set forth under the caption "Additional Factors That May Affect Our Business" in the Company's most recent Form 10-K and 10-Q filings, and amendments thereto. In addition, we operate in a highly competitive and rapidly changing environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. We disclaim any intention to, and undertake no obligation to, update or revise any forward-looking statement.
SOURCE Broadcast International, Inc.
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