EX-99.1
3
a08-16136_1ex99d1.htm
EX-99.1
Exhibit 99.1
Press Release
Source: DG FastChannel, Inc.
DG FastChannel(R) Completes Acquisition of Vyvx
Advertising Service Operations
Thursday
June 5, 1:55 pm ET
Transaction Significantly Expands DG FastChannel's National
Client Base and Revenue Mix
DG FastChannel to Realize Substantial Operational Synergies
DALLAS-(BUSINESS
WIRE)-
DG FastChannel, Inc.
(NASDAQ:
DGIT
), a leading provider of digital media services to the
advertising and broadcast industries, announced today that it completed its
acquisition of the Vyvx advertising services business from Level 3
Communications, Inc. (Nasdaq:
LVLT
) for $129 million in cash, subject to certain adjustments.
Vyvx
advertising services business includes distribution, post production and
customer service operations.
DG FastChannel
has assumed approximately 110 full time Vyvx employees and regional operating
offices in New York, Chicago, Delaware, Memphis, and Los Angeles. In addition,
DG FastChannel
has gained a stand-alone
network operations center ("NOC") in Tulsa, which will provide a fully
redundant backup facility to the Company's two other NOC's in Dallas and
Atlanta.
About DG FastChannel, Inc.
DG FastChannel
provides innovative, technology-based solutions to help advertisers and
agencies work faster, smarter and more competitively.
DG FastChannel
delivers the standard in
digital media services to the advertising, broadcast and publishing industries.
The Company utilizes satellite and Internet transmission technologies and has
deployed a suite of digital media intelligence and asset management tools
designed specifically for the advertising industry, including creative and
production resources, broadcast verification, and digital asset management. The
Company has an online media distribution network used by more than 5,000
advertisers and agencies, and over 21,000 online radio, television, cable,
network and print publishing destinations.
DG
FastChannel
recently agreed to acquire Enliven Marketing
Technologies Corporation and expects the transaction to close in the third
quarter of 2008. For more information visit www.dgfastchannel.com.
Safe Harbor for Forward-Looking Statements
Statements
in this Press Release may contain certain forward-looking statements relating
to
DG FastChannel
and its
expectations for the Vyvx advertising distribution operations. All statements
included in this Press Release concerning activities, events or developments
that
DG FastChannel
expects,
believes or anticipates will or may occur in the future are forward-looking
statements. Actual results could differ materially from the results discussed
in the forward-looking statements. Forward-looking statements are based on
current expectations and projections about future events and involve known and
unknown risks, uncertainties and other factors that may cause actual results
and performance to be materially different from any future results or
performance expressed or implied by forward-looking statements, including the
following: the risk that the operations will not be integrated successfully;
and the risk that the expected cost savings and other synergies from the
proposed transaction may not be fully realized, realized at all or take longer
to realize than anticipated. Additional information on these and other risks,
uncertainties and factors is included in
DG
FastChannel's
Annual Report on Form 10-K, Quarterly Reports on Form 10-Q,
Current Reports on Form 8-K and other documents filed with the SEC.
Contact:
DG
FastChannel, Inc.
Omar Choucair, 972-581-2000
Chief Financial Officer
or
Jaffoni & Collins Incorporated
Joseph Jaffoni, 212-835-8500
dgit@jcir.com

EX - 99 . 1 3 a08 - 16136 _ 1ex99d1 . htm EX - 99 . 1 Exhibit 99 . 1 Press Release Source : DG FastChannel , Inc . DG FastChannel ( R ) Completes Acquisition of Vyvx Advertising Service Operations Thursday June 5 , 1 : 55 pm ET Transaction Significantly Expands DG FastChannel ' s National Client Base and Revenue Mix DG FastChannel to Realize Substantial Operational Synergies DALLAS - ( BUSINESS WIRE ) - DG FastChannel , Inc . ( NASDAQ : DGIT ) , a leading provider of digital media services to the advertising and broadcast industries , announced today that it completed its acquisition of the Vyvx advertising services business from Level 3 Communications , Inc . ( Nasdaq : LVLT ) for $ 129 million in cash , subject to certain adjustments . Vyvx advertising services business includes distribution , post production and customer service operations . DG FastChannel has assumed approximately 110 full time Vyvx employees and regional operating offices in New York , Chicago , Delaware , Memphis , and Los Angeles . In addition , DG FastChannel has gained a stand - alone network operations center ( " NOC " ) in Tulsa , which will provide a fully redundant backup facility to the Company 's two other NOC 's in Dallas and Atlanta . About DG FastChannel , Inc . DG FastChannel provides innovative , technology - based solutions to help advertisers and agencies work faster , smarter and more competitively . DG FastChannel delivers the standard in digital media services to the advertising , broadcast and publishing industries . The Company utilizes satellite and Internet transmission technologies and has deployed a suite of digital media intelligence and asset management tools designed specifically for the advertising industry , including creative and production resources , broadcast verification , and digital asset management . The Company has an online media distribution network used by more than 5,000 advertisers and agencies , and over 21,000 online radio , television , cable , network and print publishing destinations . DG FastChannel recently agreed to acquire Enliven Marketing Technologies Corporation and expects the transaction to close in the third quarter of 2008 . For more information visit www.dgfastchannel.com . Safe Harbor for Forward - Looking Statements Statements in this Press Release may contain certain forward - looking statements relating to DG FastChannel and its expectations for the Vyvx advertising distribution operations . All statements included in this Press Release concerning activities , events or developments that DG FastChannel expects , believes or anticipates will or may occur in the future are forward - looking statements . Actual results could differ materially from the results discussed in the forward - looking statements . Forward - looking statements are based on current expectations and projections about future events and involve known and unknown risks , uncertainties and other factors that may cause actual results and performance to be materially different from any future results or performance expressed or implied by forward - looking statements , including the following : the risk that the operations will not be integrated successfully ; and the risk that the expected cost savings and other synergies from the proposed transaction may not be fully realized , realized at all or take longer to realize than anticipated . Additional information on these and other risks , uncertainties and factors is included in DG FastChannel 's Annual Report on Form 10 - K , Quarterly Reports on Form 10 - Q , Current Reports on Form 8 - K and other documents filed with the SEC . Contact : DG FastChannel , Inc . Omar Choucair , 972 - 581 - 2000 Chief Financial Officer or Jaffoni & Collins Incorporated Joseph Jaffoni , 212 - 835 - 8500 dgit@jcir.com
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