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X-Digital Systems Inc. Acquires Certain Assets of StarGuide Digital Networks From DG FastChannel

Posted on: Thursday, 19 April 2007, 06:00 CDT

LAS VEGAS, April 19 /PRNewswire/ -- NAB 2007 -- X-Digital Systems Inc. (XDS), a leading provider of next-generation multimedia communications systems, announced today that it has acquired certain assets of StarGuide Digital Networks from DG FastChannel, Inc. . As part of the agreement, X-Digital Systems has also secured a patent license for certain StarGuide patents. Financial terms of the transaction were not disclosed.

With this acquisition and licensing agreement, X-Digital will further its strategy of achieving growth through a combination of new business initiatives and strategic acquisitions, broadening its position as the leading provider of multimedia digital communications systems for the radio broadcast industry.

"StarGuide has a broad intellectual property portfolio, which provides us with a significant strategic advantage," said X-Digital Systems President and CEO, Ian Lerner. "By acquiring a license to its current technology platform we're deepening our commitment to the U.S. radio industry to deliver innovative products that help them to more effectively execute on their business goals. We plan to integrate StarGuide technology into our XDS-PRO line of satellite receivers, which will further our ability to provide our customers maximum flexibility and control over broadcast content, quality, and management."

The acquisition will also enable X-Digital to offer current users of the StarGuide II and StarGuide III receivers the ability to economically transition to the next generation of XDS-PRO receivers which offer copy splitting, targeted ad insertion, store and forward capacity to accommodate multiple time zones, and web-based network management.

About X-Digital Systems

X-Digital Systems, Inc. (XDS) designs, manufactures and sells satellite and terrestrial multimedia communication systems. Specializing in advanced systems for wireless and wired applications, X-Digital equipment features patent pending technology designed to deliver the reliability, flexibility, automation and quality needed for broadcasters worldwide to deliver next- generation, digital services over public and private networks. X-Digital is a privately held, employee-owned company headquartered in San Diego, CA with sales offices in Tokyo, Japan. For more information on the company or its products please visit http://www.xdigital.com/.

About DG FastChannel, Inc.

DG FastChannel delivers the standard in digital media services to the advertising, broadcast and publishing industries. DG FastChannel's innovative technology solutions help advertisers and agencies work faster, smarter and more competitively.

Offering both the ubiquitous reach of multicast satellite transmissions and the targeted capabilities of Internet technologies, DG FastChannel has deployed a suite of business intelligence and asset management tools and creative and production resources designed specifically for the advertising community. DG FastChannel's next generation distribution platform includes high definition electronic video distribution capabilities that streamline the advertising process from point of ingest via digital distribution to its edge- servers located at TV, cable and network broadcasters. DG FastChannel's online media distribution network and suite of products and services are relied upon by more than 5,000 advertisers and agencies, and over 21,000 online radio, television, cable, network and print publishing destinations. For more information visit http://www.dgfastchannel.com/.

X-Digital Systems Inc.

CONTACT: Ian Lerner, President and CEO of X-Digital Systems Inc.,+1-858-452-2010, or ilerner@xdigital.com

Web site: http://www.xdigital.com/http://www.dgfastchannel.com/

Source: PRNewswire

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