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NEWSFLASH!! READ ALL ABOUT IT!! |
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02/13/2007 - ViewCast Experiences Up Tick in Sales
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Gross Revenues Expected to Soar 30 Percent in Fourth Quarter 2006
PLANO, Texas — Feb. 13, 2007 — ViewCast Corporation (VCST.OB), a developer of video and audio communications products enabling dynamic content delivery, announced today that preliminary gross revenues are expected to increase approximately 30 percent to $4.2 million for the fourth quarter ended December 31, 2006, compared to $3.27 million in the fourth quarter of 2005. The substantial rise in revenue in the fourth quarter of 2006 over the prior year's fourth quarter is due primarily to an 83 percent increase in sales of the company's Niagara® video encoder and server products.
"Accelerating product sales and increasing cash flow, coupled with recent initiatives to restructure our balance sheet have made significant improvements to the company's financial position," said Dave Stoner, president and chief operating officer of ViewCast. "As demand for our digital media products continues to grow, ViewCast is making great strides in achieving our goals of driving revenue growth, enhancing shareholder value and providing a path to long-term profitability."
These gross revenue results are preliminary and could change prior to release of ViewCast's fourth quarter and year-end results, which are expected to be announced on or before Monday, April 2, 2007.
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 featuring Niagara SCX encoder management software. Our products address the video capture, processing and delivery requirements for a broad range of applications and markets.
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