December 11, 2013- Seoul, Korea -- Alticast, a worldwide leader in open standards based software for video service delivery, announced today closing of its public offering of 2,000,000 shares of the Company's Class A common stock on the Korea Exchange KOSDAQ. The stock closed today at Won 8,600 per share. The shares trade under the ticker symbol “ATCAST."
“Today is a historic day for our company with respect to our offering on the KOSDAQ. It demonstrates confidence by the business community in Alticast’s capabilities and potential to growth in the world market”, said Alticast CEO, Won Cheol Kang. “We are in a very exciting time in the Industry and today Alticast is positioned better than ever to maintain our momentum as a world leader in the Interactive TV Industry.”
Alticast intends to use the net proceeds from its initial public offering to expand its lines of products and services in the Interactive TV industry, as well as for general corporate purposes.For more information about Alticast's technologies, please visit our website at www.alticast.com.