HispanicBusiness

OTTAWA, ONTARIO -- (Marketwire) -- 12/11/12 -- International Datacasting Corporation (TSX: IDC), a global leader in digital content distribution solutions for the world's premiere broadcasters, announced its financial results today for the three and nine month periods ended October 31, 2012. All figures are in Canadian dollars unless otherwise stated.

Financial Highlights:(In millions except for Gross Margins, Net Earnings per share)                                 Three Months Ended       Nine Months Ended                                        October 31,             October 31,                                   2012        2011        2012        2011                            ------------------------------------------------                            ------------------------------------------------Revenue                       $     7.1   $     7.3   $    23.1   $    23.0Gross Profit                  $     3.1   $     3.1   $     8.7   $     9.7Gross Margins                        44%         43%         38%         42%Operating Expenses            $     2.6   $     3.4   $     8.7   $    10.4Adjusted EBITDA (1)           $     0.8   $     0.1   $     1.4   $     0.1Net Earnings                  $     0.6   $    (0.2)  $       -   $    (0.6)Net Earnings per share        $    0.01   $       -   $       -   $   (0.01)                            ------------------------------------------------                            ------------------------------------------------

(1) Adjusted earnings before income taxes, depreciation and amortization ("Adjusted EBITDA") is a non-GAAP financial measure. The reconciliation ofAdjusted EBITDA to Net Income (Loss) is provided at the end of this release.

For the third quarter of fiscal 2013, total revenue was $7.1 million, down 2% from $7.3 million in the prior year. IDC Systems revenue declined 54%, while IDC Products revenue increased by 24%.

This increase in revenues from the IDC Products segment was driven by higher sales for our SuperFlex™ and STAR Pro Audio product lines resulting from large contracts in France and in Thailand. The decline in revenues from the IDC Systems segment was largely due to the completion of the first phase roll-out of the Direct-to-Home (DTH) Broadcasting project in Kenya in the first quarter of fiscal 2013.

IDC generated positive adjusted EBITDA of $782,000 during the current quarter, up from $59,000 from the comparable prior period. This improvement in EBITDA was largely due to lower operating expenses including a 19% reduction in Selling, General and Administration and a 32% decrease in Research and Development costs.

"IDC is actively reviewing and revising our global sales and distribution strategy," stated Del Lippert, Interim CEO and Chairman of the Board. "For example, our new Digital Tattoo™ offering is a prime DTH and IPTV product that is very relevant to emerging markets such as Asia and Africa. By reallocating and expanding key resources to meet the needs of Master Distributors and OEM customers in these target regions, we believe that we can directly enhance our market position and in turn stimulate the growth that our shareholders expect from IDC."