Posted on December 15, 2009
Ottawa, ON – December 15, 2009 – – International Datacasting Corporation (TSX:IDC), a global leader in providing advanced solutions for the distribution of broadband multimedia content, announced today the appointment of Francesco Ruffolo, Adam Adamou and Fred Godard to the Board of Directors as well as the resignations of Dr. Peter Scovell and W. Neil Bauer.
Effective as of December 15, 2009, each of the named individuals has been appointed to the Board to fill the vacancies left from the resignations of Dr. Peter Scovell, who will serve as a consultant to the Company going forward, and W. Neil Bauer, as well as the previously announced resignation of Denzil Doyle. Denis Colbourne (Chairman of the Board), Dr. Stuart Smith, Del Lippert, Kevin Rankin and Ron Clifton (President and Chief Executive Officer of IDC) will all continue to serve as members of IDC’s Board.
“We are pleased to welcome Frank, Adam and Fred to the Board,” said Denis Colbourne, IDC’s Chairman of the Board of Directors. “We look forward to leveraging their experience on the Board. We would also like to acknowledge and thank Peter and Neil for their time, commitment and contribution to IDC during their tenure as Directors of the Company.”
About Francesco Ruffolo
Francesco, (Frank), Ruffolo serves as the President of Wilson Display, Canada’s leading metal store fixture manufacturer. Mr. Ruffolo served as a Senior Officer and Director of Softquad Inc. from 1993 to 1998. Mr. Ruffolo was the founding partner/investor in Lortech, an integrator of technology communications and broadcast/production equipment, from 1995 to 2001. Mr. Ruffolo is a Chartered Accountant and holds a Bachelor of Math degree from the University of Waterloo.
About Adam Adamou
Adam E. Adamou serves as President & Managing Partner of Caseridge Capital Corporation, a Toronto based specialty investment firm. Mr. Adamou is an experienced investor, banker and advisor to technology companies across Canada with a principal involvement in raising or investing over $1 billion dollars in capital for Canadian technology companies over the course of his career. Mr. Adamou has served on a variety of public and private company boards as a Director, including Secure Computing Corporation (NasdaqGS: SCUR - acquired by McAfee Inc., 2008), Border Networks Inc. Prior, acquired by Secure Computing Corp. 1996), Softquad International Inc. (TSX:SSY, NASDAQ: SXML - acquired by Corel Corporation, 2002) (Prior); Nuvo Networks Inc. (TSXV: NVO) (Prior) (acquired by Versata Inc., 2006). Mr. Adamou is a Chartered Financial Analyst and holds a Bachelor of Commerce degree from the University of Toronto.
About Fred Godard
Frederick L. Godard, (Fred), founded Qustream Corporation and served as its Executive Chairman, Chief Executive Officer and President until February 2009. Mr. Godard was responsible for the overall management and strategic direction of QuStream and its subsidiaries. Mr. Godard served as President and Chief Operating Officer of Leitch Technology Corporation. Before joining Leitch, he served as Treasurer of Unitel Communications Inc. (now AT&T Canada). He served as an Executive Director of Qustream Corporation from 2004 to April 23, 2009. Mr.Godard is a Chartered Accountant and has a Bachelor of Business Administration degree from York University, Toronto, Ontario.