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IRVINE, Calif., October 23, 2014 — AllDigital Holdings, Inc. (OTCBB:ADGL), recognized for the second consecutive year as one of Streaming Media Magazine’s “Streaming Media 100,” which identifies the companies that matter most in online video, has announced the availability of AllDigital Brevity technology, which enables the delivery of HD and 4K video content from Mac, PC and Linux desktops to popular cloud services, such as YouTube, Amazon Web Services (AWS), Microsoft Azure and Akamai, at speeds which AllDigital believes are faster than any currently available solution.
AllDigital’s patented AllDigital Brevity technology enables companies to use standard laptop computers to power broadcast and Internet video workflows. “Devices like Apple’s iMac with Retina 5K display and Samsung’s 4K Ultra HD TV are designed to serve high resolution content. Broadcasters need practical and cost effective solutions to power these workflows,” said Tim Napoleon, Chief Strategist of AllDigital. “AllDigital Brevity technology allows customers to deliver content twice as fast as existing solutions for about half the price.”
AllDigital also announced the elevation of Michael Linos to the position of CEO. Linos, who joined the company in February 2014 and since September 2014 has served as President and Interim CEO, takes over leadership of the company at a time of exciting growth.
“We are pleased that Michael has accepted the role of President and CEO,” said AllDigital Founder and Board Member Steve Smith. “Michael’s extensive industry experience and acute understanding of AllDigital’s operations and market opportunities will allow him to lead continued improvements across the entire organization, all of which are geared towards driving sustainable, long-term growth and value for our shareholders.”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
With the exception of historical information, the matters discussed in this press release including, without limitation, the ability of AllDigital Brevity technology to deliver content twice as fast as existing solutions for about half the price and the ability of management to improve AllDigital’s operations to drive sustainable, long-term growth and value for AllDigital’s shareholders, are forward looking statements that involve a number of risks and uncertainties. The actual future results and performance of AllDigital could differ from those statements. Factors that could cause or contribute to such differences include, but are not limited to, unexpected product development delays; adverse economic and market conditions; lack of capital necessary to fund new product development; the inability to achieve operational improvements; and other events, factors and risks previously and from time to time disclosed in AllDigital’s filings with the Securities and Exchange Commission including, specifically, those factors set forth in the “Risk Factors” section contained in AllDigital’s Form 10-Q filed with the Securities and Exchange Commission on August 14, 2014. AllDigital expressly disclaims any obligation to update or revise any forward-looking statements found herein to reflect any changes in expectations or results or any change in events.
About AllDigital: AllDigital (OTCBB: ADGL), a leader in digital broadcasting solutions, is the developer of AllDigital Cloud, a content management system (CMS) focused on the virtualization of digital content. AllDigital Cloud empowers enterprises to stream content across multiple devices including mobile, desktop, and digital television, providing total control over the global distribution of digital media assets. AllDigital Cloud provides high-speed data transfer, scalable storage, encoding / transcoding, VoD, linear programming, and real-time reporting. AllDigital’s patented AllDigital Brevity technology enables companies to power broadcast and Internet video workflows for high resolution content. Mainly serving media and entertainment companies, enterprise brands, non-profit and government organizations, AllDigital sets itself apart by offering highly scalable and ultra-low latency (ULL) digital broadcasting solutions, including cloud storage, origin transit, content management solutions, integration services, and related customer support.