KIT digital to Change Auditors and Announces Delisting From NASDAQ

KIT digital to Change Auditors and Announces Delisting From NASDAQ

NEW YORK, NY — (Marketwire) — 12/18/12 — KIT digital, Inc. (NASDAQ: KITD), a leading video management software and services company, announced today that it has dismissed Grant Thornton LLP as the Company-s independent auditor.The Company is in the process of engaging a new audit firm and anticipates an announcement about the appointment of a new auditor in the near future.As previously disclosed, KIT digital is undertaking a restatement of the Company-s historical financial statements for t

KIT digital, Inc. Announces Receipt of Notice From NASDAQ

KIT digital, Inc. Announces Receipt of Notice From NASDAQ

NEW YORK, NY — (Marketwire) — 12/10/12 — KIT digital, Inc. (NASDAQ: KITD), a leading video management software and services company, announced today that it has received notice from The NASDAQ OMX Group ("Nasdaq") that, because the Company has not yet filed its Quarterly Report on Form 10-Q for the period ended September 30, 2012 (the "10-Q") with the Securities and Exchange Commission (the "SEC"), the Company no longer complies with the continued listing requir

KIT digital, Inc. Announces Restatement of Prior Period Financial Statements and Postponement of Third Quarter 2012 Results

KIT digital, Inc. Announces Restatement of Prior Period Financial Statements and Postponement of Third Quarter 2012 Results

NEW YORK, NY — (Marketwire) — 11/21/12 — KIT digital, Inc. (NASDAQ: KITD), a leading video management software and services company, today announced that, because of errors and irregularities identified by the Company in its historical financial statements, the financial statements for (1) the years ended December 31, 2009, 2010 and 2011 and (2) each of the three quarters in 2009, 2010 and 2011 will be restated. As a result of the restatement of these prior periods, the Company will also res

KIT digital Expects to Make Use of 10-Q Filing Extension as a Result of Delays Related to Hurricane Sandy

KIT digital Expects to Make Use of 10-Q Filing Extension as a Result of Delays Related to Hurricane Sandy

NEW YORK, NY — (Marketwire) — 11/09/12 — KIT digital, Inc. (NASDAQ: KITD), a leading video management software and services company, announced today that the filing of its Quarterly Report on Form 10-Q for the quarter ended September 30, 2012 has been delayed due to the effects of the aftermath of Hurricane Sandy. As a result of the storm, the company experienced a loss of electricity and telephone service for one week at its headquarters in New York City and a number of its employees, audit

KIT digital Completes Previously Announced Divestiture of Content Solutions Business

KIT digital Completes Previously Announced Divestiture of Content Solutions Business

NEW YORK, NY and PRAGUE, CZECH REPUBLIC — (Marketwire) — 07/02/12 — KIT digital, Inc. (NASDAQ: KITD), a leading video management software and services company, today completed the previously announced divestiture of its content solutions business. Netherlands-based Content Solutions International NV bought the business for $18.8 million, comprised of initial cash payments and multi-year earn-out payments and subject to customary conditions.KIT digital management previously announced its pla