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Vizrt Ltd. (OSL:VIZ) Year to Date Sales in Russia over $4 million
Bergen, Norway, October 22, 2008, Vizrt Ltd. (Frankfurt Prime Standard, Oslo Main List: VIZ) today announces that a major Russian channel has placed an order with Vizrt, totaling some 1.1 million US dollars, for delivery in Q4.
The project is for a complete overhaul of the channel's graphics for designers and 4 studios and includes VCP, Artists 3.x, Curious Maps and integration with NLE and News Room System.
The channel is looking to create a new look and is scheduled to go live with the upgraded products and improved visuals next year.
So far this year, Vizrt has signed deals in Russia totaling some USD 4.1 million, of which USD 2.4 million in H2 to date.
Bjarne Berg, CEO for Vizrt, stated, "We have witnessed a clear acceleration in business from Russia in the second half of this financial year. This current deal shows how the need for channels to differentiate themselves visually in order to enhance the viewer experience is driving repeat business with existing customers."
About Vizrt: Vizrt offers a new vision for content creation and delivery with an end-to-end solution from ingest to visualization. Our solution combines Vizrt's true 2D/3D graphics tools with Curious Software's World Maps and Ardendo's Asset Management. Running on non proprietary software, the combination of these unique cutting edge products ensures a seamless workflow from conception to multi-format distribution. The latest addition to the Vizrt product suite is Viz|3G for hand held devices.
Vizrt's product suite is used by the world's leading broadcasters including: CNN, CBS, Fox, BBC, Sky, ITN, ZDF, Star TV, TV Today, CCTV and NHK. Also, many world-class production houses and corporate institutions, including both the New York and London Stock Exchanges, utilize Vizrt solutions.
Vizrt is a public company traded on the Frankfurt Prime Standard and on the Oslo Main List: VIZ, ISIN: IL0010838154. For further information please refer to www.vizrt.com
Media and investors contacts:
Bjarne Berg President & CEO +47 9055 7711 bberg@vizrt.com
Ofra Brown CFO +47 5351 8040 ofra@vizrt.com
SCHWARZ Financial Communication Frank Schwarz +49 611 1745 398 11 schwarz@schwarzfinancial.com
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