KIT digital Expects to Make Use of 10-Q Filing Extension as a Result of Delays Related to Hurricane Sandy
NEW YORK, NY, Nov 09, 2012 (MARKETWIRE via COMTEX) --
KIT digital, Inc. (NASDAQ: KITD), a leading video management
software and services company, announced today that the filing of its
Quarterly Report on Form 10-Q for the quarter ended September 30,
2012 has been delayed due to the effects of the aftermath of
Hurricane Sandy. As a result of the storm, the company experienced a
loss of electricity and telephone service for one week at its
headquarters in New York City and a number of its employees, auditors
and others living in affected areas who have been historically
responsible for the preparation of the company's SEC filings and
related financial statements and disclosures were displaced. The
Securities and Exchange Commission recently announced that it
anticipated relief measures that would extend the filing deadline of
any individual or entity that cannot timely file due to Hurricane
Sandy and its aftermath to November 21, 2012. The company intends to
make use of this extension and is working towards filing the third
quarter Form 10-Q by such extended deadline.
About KIT digital, Inc.
KIT digital (NASDAQ: KITD) is a leading
video management software and services company. Cosmos and Cloud, the
company's video asset management systems, enable leading broadband
media companies to produce, manage and deliver multiscreen
socially-enabled video experiences to audiences wherever they are.
KIT digital services thousands of clients globally including some of
the world's biggest brands, such as Airbus, The Associated Press,
AT&T, BBC, BSkyB, Disney-ABC, Google, HP, Mediaset, MTV, News Corp,
RCS Media Group, Sky Deutschland, Sky Italia, Telecom Argentina,
Telecom Italia, Telefonica O2, Universal Studios, Verizon, Vodafone,
VRT and Volkswagen. KIT digital maintains headquarters in New York
City and offices in more than a dozen countries around the world.
Visit the company at www.kitd.com or follow on Twitter at
KIT digital Media Contact:
Tel. +44 7590 554 845
KIT digital Investor Contact:
Managing Director, Financial Strategy
SOURCE: KIT digital, Inc.
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