[SatNews] International Datacasting Corporation (TSX:IDC) ("IDC" or the "Company") has launched a Business Acquisitions Strategy to be headed by Adam E. Adamou, Executive Chairman.
Mr. Adamou will become a full-time employee of International Datacasting Corporation with responsibility for the allocation of the Company's capital reserves: including investments in organic growth initiatives, tuck-in acquisitions and platform acquisitions. Adam Adamou is one of the foremost technology experts in Canada with over 20 years of extensive venture capital and capital markets experience. Mr. Adamou was involved as a lead investor in some of the most successful technology companies in Canada including Research in Motion Limited (RIMM) and SXC Health Solutions Inc. (SXCI), along with investment banking and mergers & acquisitions experience in technology related transactions across North America. A newly formed Investment Committee of the Board has been established to provide oversight on IDC's Business Acquisition Strategy. The IDC Investment Committee will be composed of James W. Hall, Frank Ruffolo and Adam Adamou. Mr. Hall and Mr. Ruffolo both have extensive investment, venture capital and mergers & acquisitions experience.
The Business Acquisitions Strategy will run alongside IDC's Strategic Planning Committee, chaired by Del Lippert (a director of IDC) and including IDC President & CEO Fred Godard (also a director) who will be overseeing a strategic review of IDC's current operations and identifying trends and opportunities for additional growth.


