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Microspace Retains Thom Velde to
Strengthen
Leadership
in Digital
Cinema
AMC Theaters Veteran to Leverage Deep Pool of Industry Relationships
to Help Drive Further Growth in Emerging Segment
Raleigh, NC (September
12,
2005) – Microspace Communications
Corporation
(Microspace),
the
leading
provider
of
point-to-multipoint
satellite
services,
today
announced that it has retained
Thom
Velde,
a former executive of AMC Theaters, to
help
drive
further
success for its VELOCITY service in
penetrating
the digital
cinema
marketplace.
Velde will help deepen Microspace’s
established
foothold in the emerging segment through his strategic relationships
and
experience
acquired over more than two decades in the industry.
He
previously served in several managerial capacities with
AMC
Theatres, most recently as senior vice president, film, in
Los Angeles.
“The movie industry is beginning to embrace digital
technology to help improve the quality and lifespan of films
for the benefit of theater owners and production companies
alike,” said Velde. “Digital cinema is an exciting
new
market
that is rapidly gaining market acceptance and I look forward
to helping Microspace further extend its well-established
footprint
within
the industry.”
Microspace has played a leading role in
global
digital cinema initiatives for the past several years by
enabling satellite
delivery
of
such films as Shark Tale, Shrek II and Collateral, among
others. The company was the first to deliver 4K Standardized
Evaluation
Materials
via satellite and, as a long-time member
of
the
Society of Motion Picture and Television Engineers and its
DC28 committee to address technologies, Microspace
actively
contributes
to standards development and recommendations for
digital
cinema. Additionally, Microspace sponsored the Digital
Cinema
Laboratory’s research and testing initiatives
by
donating
a complete VELOCITY satellite network package.
“We are truly excited to be able to leverage Thom’s
substantial connections and industry influence to help drive
further growth and success for our digital cinema initiatives,” said
Joe Amor, vice president and general manager of Microspace. “His
seasoned
understanding
of the cinema industry and relationships with key decision-makers
will further strengthen our existing
market
position
as the premiere content provider for digital cinema.”
VELOCITY, Microspace’s high-speed
video, data and audio broadcasting service, provides an
optimum solution
for
theaters and studios requiring economical and reliable
content delivery from one to multiple locations. Compared
to
terrestrial solutions, VELOCITY is quicker, easier and
less
expensive to implement, offering savings of up to 98%.
About Microspace
Microspace Communications Corporation (Microspace) is the leading provider of
satellite services for video, data and audio content distribution and operates
the largest global business satellite broadcasting network, with over 315,000
remote links worldwide. A variety of both businesses and government organizations
rely upon Microspace’s VELOCITY® for high-quality, cost-effective
and secure content distribution at savings of up to 98% over terrestrial
services. VELOCITY supports customers such as Morgan Stanley, LodgeNet, John
Deere, Muzak and the Christian Radio Consortium via a wide range of IP broadband
applications such as business TV, distance learning, digital signage and
digital cinema, among many others. The service is available as either a dedicated
solution or as an on-demand service, enabling customers to easily and affordably
expand their bandwidth as their needs change. Founded in 1988 with headquarters
in the U.S and a presence in Europe and Latin America, Microspace is a subsidiary
of Capitol Broadcasting Company. For more information, visit www.microspace.com.
Capitol Broadcasting Company, Inc. is a diversified communications
company which owns and/or operates WRAL-TV, WRAL Digital,
WRAL-FM, WRAL-HD2, Microspace, the North Carolina News
Network, CBC New Media Group and Wolfpack Sports Marketing
in Raleigh, NC; WJZY-TV and WWWB-TV in Charlotte, NC;
WILM-TV in Wilmington, NC; WRAZ-TV and The Durham Bulls
in Durham, NC; the Myrtle Beach Pelicans Baseball Club
in Myrtle Beach, SC; and various real estate interests
in North Carolina.
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