OTTAWA, ONTARIO--(Marketwired - June 12, 2013) - International Datacasting Corporation ("IDC") (TSX:IDC), a global leader in digital content distribution solutions for the world's premiere broadcasters, announced its financial results today for the first quarter ended April 30, 2013. All amounts in this release are in Canadian dollars unless otherwise stated.

Financial Highlights for the First Quarter:

(in thousands, except for gross margin (GM) and loss per share)

			2013					2012
Revenues (1):					GM					GM
	Products	$	4,026		53	%	$	3,080		40	%
	Services		1,132		48	%		975		34	%
	Systems Project		209		24	%		5,636		20	%
Total revenues		$	5,367				$	9,691
Gross profit		$	2,710		50	%	$	2,684		28	%
Operating expenses		$	2,811				$	2,885
Adjusted EBITDA (2)		$	64				$	159
Net loss		$	(102	)			$	(207	)
Net loss per share		$	(0.00	)			$	(0.00	)

⁽¹⁾ The breakdow n of revenues is based on revised operating segments.

⁽²⁾ Adjusted EBITDA is a non-GAAP financial measure. The reconciliation of Adjusted EBITDA to Net Loss is provided at the end of this release.

Total revenues for the first quarter of Fiscal 2014 were $5.4 million, a decrease of 45% or $4.3 million from the comparable prior period as a result of the completion of the first phase of the Direct-to-Home (DTH) Broadcasting project in Kenya with the Wananchi Group. Product revenues grew by 31% during the first quarter resulting in an improvement in gross margin to 50% vs 28% in Q1 FY'13.. The margin improvement was largely due to a change in business mix, driven by increased Products revenue at higher margins.

Operating Expenses were $2.8 million, a decrease from $2.9 million in the first quarter of the prior year. When excluding $0.2 million of restructuring charges included in the first quarter of prior year, operating expenses increased by 4% during the first quarter of Fiscal 2014. This was due mainly to the new product launch of the STAR Pro Audio™ Solution and LASER™ Targeted Ad Insertion Platform at the National Association of Broadcasters Show in April 2013, and due to fees associated with the recruitment of the new CEO and VP of Research and Development.

IDC earned a lower Adjusted EBITDA of $64 thousand during the current quarter due to higher operating expenses, compared to $159 thousand in the comparable prior period. IDC's consolidated balance sheet improved during the current quarter, with working capital ratio of 3.4 to 1 and liquid assets of $7.2 million at April 30, 2013.

"IDC is actively changing its business model to focus on selling higher-margin products which contribute significantly to our customer's business growth, and reducing our emphasis on one-time projects." said Doug Lowther, President and CEO of IDC. "This is a significant change and will take time to fully implement, however in the future we believe that this strategy will allow us to scale the business more effectively. We continue to see significant market interest in our STAR Pro Audio™ Solution, LASER™ Targeted Ad Insertion Platform, and Digital Tattoo™ DTH Over IP Gateway for multi-dwelling units."

For further information on IDC's first quarter results, refer to the unaudited interim condensed consolidated financial statements and Management's Discussion and Analysis that will be available on SEDAR (www.sedar.com) after the Toronto Stock Exchange closes on June 12, 2013.

Financial Summary and Conference Call

This announcement will be followed by a Management conference call at 8:30 a.m. ET on Thursday, June 13, 2013, to discuss the results, and to respond to questions from investors.

Mr. Doug Lowther, President and CEO of IDC, cordially invites all interested parties to participate in the conference call.

CONFERENCE CALL DETAILS:

CONFERENCE DATE:	Thursday June 13, 2013
CONFERENCE TIME:	8:30 a.m. ET
DIAL-IN NUMBERS:	613-233-1979 / 866-696-5910
PARTICIPANT CODE:	1045890

WEBCAST: A live audio webcast of the conference call will be available at the following link: http://www.gowebcasting.com/4364. This webcast will be archived here for 365 days. Please connect to the website at least 15 minutes prior to the conference call to ensure adequate time for any software download that may be needed to access the webcast.

About International Datacasting Corporation:

International Datacasting Corporation (TSX:IDC) is a global leader in digital content distribution for the world's premiere broadcasters in radio, television, data and digital cinema. IDC offers a broad portfolio of advanced solutions including the STAR Pro Audio™ Solution, LASER™ Targeted Ad Insertion Platform, and the Digital Tattoo™ DTH Over IP Gateway. IDC's products and solutions are in demand for radio and television networks, targeted ad insertion, digital cinema, 3D live events, satellite news gathering, sports contribution, VOD, and IPTV. IDC is headquartered in Ottawa, Canada, with regional offices in Arnhem, the Netherlands and in San Diego, California. The company has installations in over 100 countries and service offices in Thailand and Singapore, and an international network of value-added partners and resellers. For more information visit: www.datacast.com.

Forward-Looking Statements:

This press release contains certain information that may constitute "forward-looking information" and/or "forward-looking statements" within the meaning of applicable Canadian securities laws. All forward- looking information and forward-looking statements are necessarily based on a number of estimates and assumptions that are inherently subject to significant business, economic and competitive uncertainties and contingencies. All statements other than statements which are reporting results as well as statements of historical fact are forward-looking statements that may involve a number of known and unknown risks, uncertainties and other factors; many of which are beyond the ability of IDC to control or predict.

Forward-looking statements are generally identifiable by use of the words "may", "will", "should", "continue", "expect", "anticipate", "estimate", "believe", "intend", "plan or "project" or the negative of these words or other variations on these words or comparable terminology. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Risks and uncertainties that might cause actual results to differ materially include, but are not limited to: competitive developments; risks associated with IDC's growth; expectations regarding new product initiatives and timing, including the STAR Pro Audio™ Solution, LASER™ Targeted Ad Insertion Platform and Digital Tattoo™ DTH Over IP Gateway; any difficulties with integrating acquired product lines into IDC's business and/or manufacturing procedures; any difficulties or disputes with IDC's subcontractors, contract manufacturers and suppliers; IDC's dependence on the development and growth of the satellite services market; a lengthy and variable sales cycle for IDC's products and services; IDC's reliance on a small number of customers for a large percentage of its revenue; expectations with respect to the sufficiency of its financial resources and liquidity; regulatory risks and intellectual property infringement.

More detailed information about potential factors that could affect IDC's financial and business results is included in the public documents IDC files from time to time with Canadian securities regulatory authorities and which are available on SEDAR at www.sedar.com, including, without limitation, IDC's MD & A for the year ended January 31, 2013, dated April 29, 2013.

Except as expressly required by applicable law, we undertake no obligation to publicly update or revise forward-looking statements, whether as a result of new information, future events or otherwise. Forward- looking statements are provided to assist external stakeholders in understanding IDC's expectations as at the date of this release and may not be appropriate for other purposes. Readers are cautioned not to place undue reliance on such statements.

INTERNATIONAL DATACASTING CORPORATION
CONSOLIDATED STATEMENTS OF FINANCIAL POSITION
AS AT APRIL 30, 2013 and JANUARY 31, 2013
(Canadian dollars)
			April 30, 2013			January 31, 2013
ASSETS
Current Assets
	Cash	$	5,091,795			$	4,943,025
	Short-term investments		75,000				75,000
	Available-for-sale investments		1,996,170				1,986,510
	Accounts receivable		5,547,590				6,145,251
	Inventories		2,631,386				2,449,121
	Other assets		585,041				443,519
Total Current Assets			15,926,982				16,042,426
Non-Current Assets
	Other assets		19,069				28,215
	Capital assets		1,246,498				1,312,544
	Deferred taxes		2,800,000				2,800,000
Total Non-Current Assets			4,065,567				4,140,759
TOTAL ASSETS		$	19,992,549			$	20,183,185
LIABILITIES AND SHAREHOLDERS' EQUITY
Current Liabilities
	Accounts payable	$	1,579,945			$	1,842,762
	Accrued liabilities		1,825,912				1,842,544
	Customer deposits		98,862				363,936
	Deferred revenue - current portion		664,333				433,480
	Provisions		466,097				440,167
	Current tax liability		5,842				19,326
Total Current Liabilities			4,640,991				4,942,215
Non-Current Liabilities
	Deferred tax liability		23,063				23,063
	Deferred revenue		21,479				55,277
Total Non-Current Liabilities			44,542				78,340
TOTAL LIABILITIES			4,685,533				5,020,555
Shareholders' Equity
	Capital stock		23,637,259				23,406,259
	Contributed surplus		3,269,346				3,263,245
	Accumulated other comprehensive loss		(233,549	)			(243,209	)
	Accumulated deficit		(11,366,040	)			(11,263,665	)
TOTAL SHAREHOLDERS' EQUITY			15,307,016				15,162,630
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		$	19,992,549			$	20,183,185
INTERNATIONAL DATACASTING CORPORATION
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS
FOR THE THREE MONTHS ENDED APRIL 30, 2013 and 2012
(Canadian dollars, except for share data)
			Three months ended
			April 30, 2013				April 30, 2012
REVENUE		$	5,366,809			$	9,691,101
COST OF REVENUE			2,656,810				7,007,168
GROSS PROFIT			2,709,999				2,683,933
OPERATING EXPENSES
Selling, general and administrative			1,789,714				1,717,082
Research and development, net of investment tax credits			1,033,741				1,251,424
Foreign exchange gain			(12,239	)			(83,525	)
	Total operating expenses		2,811,216				2,884,981
OPERATING LOSS BEFORE OTHER ITEMS			(101,217	)			(201,048	)
Change in fair value of short-term investments			-				(28,800	)
Investment income			21,028				24,516
Interest expense			(1,182	)			(1,102	)
LOSS BEFORE INCOME TAXES			(81,371	)			(206,434	)
Income tax expense:
	Current		(21,004	)			(769	)
	Deferred		-				-
NET LOSS		$	(102,375	)		$	(207,203	)
OTHER COMPREHENSIVE INCOME (LOSS), NET OF TAXES
Change in fair value of available-for-sale investments			9,660				-
	Total other comprehensive income (loss), net of taxes		9,660				-
COMPREHENSIVE LOSS		$	(92,715	)		$	(207,203	)
NET LOSS PER SHARE
	Basic	$	(0.00	)		$	(0.00	)
	Diluted	$	(0.00	)		$	(0.00	)
	Weighted average number of shares outstanding - basic		57,705,990				58,384,490
	Weighted average number of shares outstanding - diluted		57,705,990				58,384,490
INTERNATIONAL DATACASTING CORPORATION
CONSOLIDATED STATEMENTS OF CASH FLOWS
FOR THE THREE MONTHS ENDED APRIL 30, 2013 and APRIL 30, 2012
(Canadian dollars)
			Three months ended (unaudited)
			April 30, 2013				April 30, 2012
OPERATING ACTIVITIES
Net loss		$	(102,375	)		$	(207,203	)
Add items not requiring an outlay of cash:
	Depreciation and amortization		165,175				137,698
	Realized loss on sale of short-term investment		-				28,800
	Unrealized gains on derivatives		26,619				(108,172	)
	Stock-based compensation		6,101				7,396
			95,520				(141,481	)
Net change in non-cash working capital:
	Accounts receivable		597,661				(172,238	)
	Inventories		(182,265	)			599,649
	Other assets		(158,995	)			217,711
	Accounts payable and accrued liabilities		(276,450	)			(51,402	)
	Customer deposits		(265,074	)			(484,425	)
	Deferred revenue		197,055				(72,842	)
	Provisions		25,930				107,320
	Current tax liability		(13,484	)			-
Net cash provided by operating activities			19,898				2,292
INVESTING ACTIVITIES
Purchase of capital assets			(99,129	)			(67,894	)
Net cash applied to investing activities			(99,129	)			(67,894	)
FINANCING ACTIVITIES
Repayments of obligations under capital leases			(2,999	)			(9,300	)
Issue of common shares, net of issue costs			231,000				4,480
Repurchase of common shares, net of costs			-				(16,017	)
Net cash provided by (applied to) financing activities			228,001				(20,837	)
Net increase (decrease) in cash during the year			148,770				(86,439	)
CASH - Beginning of period			4,943,025				4,914,766
CASH - End of period		$	5,091,795			$	4,828,327

INTERNATIONAL DATACASTING CORPORATION
Non-GAAP Financial Measure Reconciliation
Adjusted Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA)
For the three months ended April 30, 2013 and 2012
(Canadian dollars)
				Three months ended
				April 30, 2013				April 30, 2012
Net loss reported under IFRS			$	(102,375	)		$	(207,203	)
	Add back:
		Depreciation expense		165,175				137,698
		Restructuring expense		-				222,029
		Interest expense		1,182				1,102
		Income tax expense		21,004				769
	Subtract (add):
		Net investment income (loss)		21,028				(4,284	)
Adjusted EBITDA			$	63,958			$	158,679