Microspace Retains Thom Velde to Strengthen Leadership in Digital Cinema

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, N.C., Sept. 7 /PRNewswire/ -- 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(R) 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 http://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.

Source: Microspace Communications Corporation

CONTACT: Shany Seawright, of Strategic Communications Group, Inc., for Microspace Communications Corp., +1-301-408-4500, x1081, sseawright@gotostrategic.com

Web site: http://www.microspace.com/

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