Message #20 From:
NewsBot Date: October 23, 2006 05:00:00 AM
VCST News George C. Platt Named As Board Chairman of ViewCast Corporation
PLANO, Texas--(BUSINESS WIRE)--On October 17, 2006, at the Annual Meeting of the Shareholders, George
C. Platt, Joseph Autem, Sherel D. Horsley and Professor John W. Slocum,
Jr. were elected to the ViewCast Corporation (OTCBB: VCST) Board of
Directors. Subsequent to the shareholders’
meeting, the Board of Directors elected George C. Platt to serve as
Chairman of the Board of Directors following the retirement of the
former chairman, H. T. Ardinger. Mr. Platt will continue as the Chief
Executive Officer of ViewCast.
H. T. (Horace) Ardinger, 81, prior chairman of the board and a principal
shareholder of ViewCast, decided not to stand for re-election at the
company’s Annual Meeting of Shareholders held
on October 17. Serving as chairman since April 1999, Mr. Ardinger
provided leadership and financial support for ViewCast during the company’s
formative years and initial growth phase. Under his direction, ViewCast
has become widely regarded as the leading global provider of
high-quality audio and video communication products. The board of
directors is considering candidates to fill Mr. Ardinger’s
position, but a replacement has not yet been identified.
“Now is a good time for transition,”
said Ardinger. “Business prospects for
ViewCast are bright, and a change in leadership can help the company
continue to develop. I am leaving ViewCast in capable hands, and I am
confident that the company will continue to grow throughout 2006 and
beyond.”
“For many years, Horace Ardinger has been the
guiding force behind ViewCast,” said George
Platt, chief executive officer and chairman. “The
management team appreciates his leadership, wisdom and commitment. And,
while we will miss Horace, his vision will continue to help steer
ViewCast in the years to come.”
About ViewCast Corporation:
ViewCast develops video and audio communication products for
delivering content dynamically via a variety of network types and
protocols.These products include Osprey®
Video capture cards, Niagara® video
encoders/servers and ViewCast®IVN enterprise
software and systems.Our products address the video
capture, processing and delivery requirements for a broad range of
applications and markets.
Certain statements, including those made by H.T Ardinger and
George Platt may contain “forward-looking”
information within the meaning of the Private Securities Litigation
Reform Act of 1995, which reflect the company's current judgment on
certain issues.Because such statements apply to future
events, they are subject to risks and uncertainties that could cause the
actual results to differ materially. Important factors which could cause
the actual results to differ materially include, without limitation, the
following: the ability of the company to develop and market new products
as technology evolves; the ability of the company to access capital;
increased competition in the video communications; the ability of the
company to meet governmental regulations; and the ability of the company
to obtain and enforce its patents.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-KSB and 10-QSB on file with the Securities and
Exchange Commission.
ViewCast, Osprey, Niagara and Niagara SCX are trademarks or
registered trademarks of ViewCast Corporation or its subsidiaries
All trademarks are property of their respective holders.
