Sizmek to Report Fourth Quarter and Full Year 2013 Results, Host Conference Call and Webcast on February 18, 2014
06 February 2014 - 4:38AM
Marketwired
Sizmek to Report Fourth Quarter and Full Year 2013 Results, Host
Conference Call and Webcast on February 18, 2014
DALLAS, TX--(Marketwired - Feb 5, 2014) - Sizmek Inc., a
wholly owned subsidiary of Digital Generation, Inc. (NASDAQ: DGIT),
today announced that it will report its fourth quarter and full
year 2013 financial results on Tuesday, February 18, 2014. The
management will host a conference call and webcast at 05:00 pm ET
that afternoon to review the results.
To access the conference call by telephone, interested parties
may dial 866-713-8563 and enter passcode 41147493. International
callers may access the call by dialing 617-597-5311. Please call
five minutes in advance to ensure that you are connected. A replay
will also be available for seven days following the call. To access
the replay, interested parties may dial 888-286-8010 and enter
passcode 38676226. International callers may access the replay by
dialing 617-801-6888. Participants can access the webcast at
www.sizmek.com. For the webcast, please allow 15 minutes to
register and download any necessary software. Questions and answers
will be taken only from participants on the conference call.
Following the call's completion, a replay will also be available
for 30 days on the Company's website.
As previously announced on August 13, 2013, DG and Extreme Reach
entered into a definitive agreement for DG to sell its television
ad delivery business to Extreme Reach for $485 million in merger
consideration plus cash and working capital from DG's television
business. The merger consideration will be used by DG to pay off
all outstanding debt and fund a planned cash distribution to DG
stockholders of approximately $3 per share. In addition, DG
stockholders will receive a distribution of one share of common
stock of Sizmek for each share of DG common stock in partial
redemption of their DG shares.
Following the closing of the transaction and the cash
distribution, Sizmek is expected to have total cash of
approximately $60 million and total working capital of
approximately $60 million, including cash and working capital from
DG's television business.
DG previously disclosed that it expects the spin-off and merger
transaction to close February 7, 2014, subject to the satisfaction
of the closing conditions set forth in the merger agreement. Sizmek
anticipates that its common stock will trade under the stock ticker
symbol, SZMK, on The Nasdaq Stock Market beginning Friday, February
7, 2014
About Sizmek
Sizmek fuels digital advertising campaigns for advertisers and
agencies around the world with cutting-edge technology to engage
audiences across any screen. For the last 15 years, Sizmek has
proudly pioneered industry firsts in digital, including rich media,
video and online targeted advertising across channels. Sizmek's
open ad management stack delivers the most creative and impactful
multiscreen digital campaigns, across mobile, display, rich media,
video and social, all powered by an unrivaled data platform. With
New York City as a center of operations, Sizmek connects 20,000
advertisers and over 5,000 agencies to worldwide audiences, serving
more than 1.5 trillion impressions a year. Sizmek operates on
the ground in 48 countries with a team of over 850 employees. For
more information, visit http://www.sizmek.com.
For more information contact: JoAnn Horne Market Street Partners
415/445-3233
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