A number of compelling factors contributed to the company’s decision to consolidate its management operations in a centralized European location. The European zone now represents in excess of 50% of the company’s revenue stream and Prague is already the company’ s global technical operations and delivery hub—with over 50 technical development and operations professionals. Central Europe also affords a more practical location and time zone for expanding the company’s global business, particularly in the western hemisphere—where IPTV systems and 3G/4G mobile networks are expanding rapidly.

The company’s Dubai office will continue to operate as an important regional sales center covering the Middle East, Africa, and South Asia, as well as a center for management of certain global strategic partnerships and reselling agreements. While being based in Prague, KIT digital chairman and CEO Kaleil Isaza Tuzman will continue to spend significant time in Dubai on business and corporate development activities.

“In addition to the logistical considerations leading to our centralization of management functions in Prague, we see a long-term boom in mobile and online video in the Eurozone, and see this as an opportunity to further consolidate our clear market share leadership in the region,” commented Gavin Campion, president of KIT digital. “Many global corporations have chosen Prague as their European IT hub in recent years, and for good reason. We believe it has the deepest pool of human talent in the audiovisual technology arena globally—at a very effective cost.”

KIT digital executive management will begin working from the new headquarters by September 28, 2009, overseeing the company’s main technical operations, sales and marketing activities, as well as corporate development and finance.

The move will build upon efforts to bolster and integrate the company’s technical infrastructure in Prague, which have been ongoing since KIT digital’s acquisition of Prague-based Visual Connection, a.s. in October 2008. Software development, video ingestion and signal capture, client deployment, technical support and integration services will now all be managed globally out of the new headquarters. KIT digital will maintain a team in Toronto, Canada for certain client support and research and development activities, and the company’s Asia-Pacific hub in Melbourne, Australia will continue to provide creative and interface design services.

In conjunction with the relocation of its global headquarters to Europe, KIT digital has made several new appointments to its senior management team. Board member and company veteran Robin Smyth will return to the position of chief financial officer, effective September 28. Smyth will reassume the position currently held by Jonathan Hirst, who had stepped into the role when Smyth took a personal leave from the organization in April of this year. Smyth has held several key roles within KIT digital over the years. He was CFO from 2003 to 2006 and then spent 10 months establishing the UK operations before returning to the CFO position from 2007 until early 2009. Smyth has served on the board of directors of the company since 2003.

Kaleil Isaza Tuzman, KIT digital’s CEO and chairman, commented: “We are delighted to welcome Robin back to the CFO position. He has contributed in ways large and small to the repositioning and growth of KIT digital’s business in recent years. We are also grateful to Jonathan Hirst for shepherding us through a period of intensive integration and consolidation of operations, public offering of stock, and a NASDAQ listing—a period which marked an exciting turning point for our company. We know Jonathan will remain a friend of KIT digital, and we wish him great success in his next endeavor.”

The company announced four other executive team member appointments, each of whom represent internal promotions and will be based in Prague. Additional professional biography information for these individuals is available at www.kit-digital.com/#whoweare.html.

Andy Steward has been appointed chief technology officer. Steward joined KIT digital in November 2008 and was previously head of EMEA (Europe, Middle East & Africa) operations for the company. As CTO, he will focus on developing and leading the global product development, technical services and client support teams. Steward brings more than 20 years of experience in delivery of enterprise class technology solutions and was most recently CEO and founder of online video broadcaster Juzou. The CTO function was formerly known as the chief operating officer position, which was held by Sean Coutts, who is leaving the company to remain with his family in Canada.

Barak Bar-Cohen has been appointed executive vice president of global business development, and will lead the company’s sales and marketing efforts. Bar-Cohen joined the company in July 2008, and has been a key leader of KIT digital’s sales team, with a focus on the company’s IPTV set-top box product line and North American sales initiatives. Bar-Cohen has over 15 years of managerial and sales experience and was previously president of IP video company Narrowstep Inc. (the assets of which were acquired by KIT digital in April 2009). The EVP of business development position replaces the former chief marketing officer position, while including expanded client sales responsibilities.

Tomas Petru has been appointed head of the company’s EMEA operations, assuming the position vacated by Steward. Petru joined the company in October 2008, when Visual Connection, of which he was CEO, was acquired by KIT digital. Petru is widely respected as a pioneer in digital video, having been active in the industry since 1994 and built Visual Connection to a leading market share position in Central Europe. Petru will apply his considerable experience in the region to drive KIT digital’s expansion in EMEA, including the company’s Dubai operations.

Daniel Goodfellow has been appointed to vice president of marketing and communications. Goodfellow joined the company in 2005, and has held a variety of client-facing and managerial positions on the marketing teams in both Melbourne and New York. Goodfellow was most recently director of marketing services for the North American region. Goodfellow has been working with major global brands to develop innovative marketing strategies throughout his career and will continue to apply this experience to KIT digital. He will work closely with Bar-Cohen on lead generation, branding and public relations activities.

Campion, continued: “We set out to assemble the best team of IP video specialists in the world and believe we have accomplished it with this new line up. The executive appointments of these proven leaders—and the fact that we will all be working together in our new headquarters—will serve to strengthen and focus our operations, positioning us to deliver the revenue growth and global market share expansion we are expecting in the months and years ahead.”

About KIT digital
KIT digital (NASDAQ: KITD) is a leading, global provider of on-demand Internet Protocol (IP)-based video asset management solutions. Through its end-to-end software platform, “KIT VX,” KIT digital enables enterprise clients to acquire, manage and distribute their video assets across the three screens of the computer Internet browser, mobile device and television via an IPTV set-top box. KIT digital clients’ use of the VX platform ranges from end-consumer focused video distribution to internal corporate deployments, including corporate communications, human resources, training, security and surveillance. The KIT digital client base includes over 470 enterprise customers across 30 countries, including The Associated Press, Disney-ABC, Google, IMG Worldwide, Kmart, NASDAQ, News Corp, RCS, Sensis, Telefonica, and Verizon. KIT digital has principal offices in Prague, Melbourne (Australia), New York, Toronto, London and Dubai. For additional information, please visit www.kitd.com.

KIT digital Media Contact:
Daniel Goodfellow
Vice President of Marketing and Communications
Tel. +1-646-873-3086
daniel@kitd.com

KIT digital Investor Relations Contact:
Matt Glover
Liolios Group, Inc.
Tel. +1-949-574-3860
info@liolios.com

KIT digital is scheduled to present on Wednesday, September 16 at 1:30 p.m. Eastern time, with one-on-one meetings held throughout the day. Kaleil Isaza Tuzman, chairman and CEO of KIT digital, will discuss the company’s progress including its recently reported record quarterly revenues of $10.5 million (up 91% year-over-year) and operating EBITDA of $671,000 or $0.16 per share. He will also discuss the company’s strategic plan and the intended use of the $22.2 million in approximate net proceeds from its recently completed public offering of common stock.

For more information about the event or to schedule a one-on-one meeting with KIT digital management, contact your ROTH Capital Partners representative or visit http://roth.com/main/Page.aspx?PageID=7005.

About KIT digital, Inc.

KIT digital (NASDAQ: KITD) is a leading, global provider of on-demand Internet Protocol (IP)-based video asset management solutions. Through its end-to-end software platform, “KIT VX,” KIT digital enables enterprise clients to acquire, manage and distribute their video assets across the three screens of the computer Internet browser, mobile device and television via an IPTV set-top box. KIT digital clients’ use of the VX platform ranges from end-consumer focused video distribution to internal corporate deployments, including corporate communications, human resources, training, security and surveillance. KIT digital is a premier partner to Akamai Technologies, jointly providing an unparalleled suite of IP-based content management, storage and delivery. The KIT digital client base includes over 470 enterprise customers across 30 countries, including The Associated Press, Disney-ABC, Google, IMG Worldwide, Kmart, NASDAQ, News Corp, RCS, Sensis, Telefonica, and Verizon. KIT digital has principal offices in Dubai, Melbourne (Australia), Prague, Toronto, New York and London. For additional information, please visit www.kitd.com.

KIT digital Media Contact:
Daniel Goodfellow
Tel. +1-646-873-3086
daniel@kitd.com

KIT digital Investor Relations Contact:
Matt Glover
Liolios Group, Inc.
Tel. +1-949-574-3860
info@liolios.com

“Our NASDAQ listing represents an important step towards our goal of establishing KIT digital as the global leader in IP video management for the enterprise,” said Kaleil Isaza Tuzman, KIT digital’s chairman and chief executive officer. “Ringing the closing bell provides us with the opportunity to publicly thank our employees, customers and shareholders who have provided us steadfast support during the last couple of years of rapid change and development. We’d like to invite everyone associated with the company to join us in celebrating this event via the live online broadcast of the ceremony on Thursday.”

KIT digital recently announced the completion of a $31.9 million public offering of common stock (including the exercise of underwriters’ over-allotment option), which occurred concurrently with the NASDAQ Global Market listing. The net proceeds of the offering will be used primarily to fund accretive acquisitions.

The ceremony being held at the NASDAQ’s MarketSite in New York City and will be viewable live online starting at 3:50 p.m. Eastern time via this link: http://www.nasdaq.com/about/marketsitetowervideo.asx.
Follow on video footage of the event will be available via KIT digital’s web site at: www.kitd.com.

About NASDAQ® Stock Market
NASDAQ is the largest electronic screen-based equity securities market in the United States. With approximately 3,100 companies, it lists more companies and on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. NASDAQ Execution Services — NASDAQ’s broker-dealer — is the #1 broker-dealer on the floor of the NYSE. For more information, go to www.nasdaq.com.

The NASDAQ MarketSite includes a state-of-the-art digital broadcast studio that transmits business shows, such as CNBC’s Fast Money, and broadcasts approximately 100 live market updates each day by a host of media outlets, including CNBC, Bloomberg TV, Fox Business Network, CNN, New Delhi Television, Xinhua News Agency and other financial networks that reach millions of viewers around the world with up-to-the-second market news. For more information about the NASDAQ MarketSite, visit www.nasdaq.com/reference/marketsite_about.stm.

About KIT digital
KIT digital (NASDAQ: KITD) is a leading, global provider of on-demand Internet Protocol (IP)-based video asset management solutions. Through its end-to-end software platform, “KIT VX,” KIT digital enables enterprise clients to acquire, manage and distribute their video assets across the three screens of the computer Internet browser, mobile device and television via an IPTV set-top box. KIT digital clients’ use of the VX platform ranges from end-consumer focused video distribution to internal corporate deployments, including corporate communications, human resources, training, security and surveillance. KIT digital is a premier partner to Akamai Technologies, jointly providing an unparalleled suite of IP-based content management, storage and delivery. The KIT digital client base includes over 470 enterprise customers across 30 countries, including The Associated Press, Disney-ABC, Google, IMG Worldwide, Kmart, NASDAQ, News Corp, RCS, Sensis, Telefónica, and Verizon. KIT digital has principal offices in Dubai, Melbourne (Australia), Prague, Toronto, New York and London. For additional information, please visit www.kitd.com.

KIT digital Media Contact:
Daniel Goodfellow
Tel. +1-646-873-3086
daniel@kitd.com

KIT digital Investor Relations Contact:
Matt Glover
Liolios Group, Inc.
Tel. +1-949-574-3860
info@liolios.com

KIT digital intends to use the net proceeds of this offering primarily to finance acquisitions of competitive businesses, with a limited portion used to repay certain outstanding debts and for general corporate purposes, including the potential restructuring of existing earn-out arrangements related to prior acquisitions. Roth Capital Partners LLC acted as the lead underwriter for the offering and Merriman Curhan Ford & Co. and Maxim Group LLC acted as co-managers.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction. Copies of the prospectus supplement relating to this offering may be obtained from Roth Capital Partners, LLC, attention: Equity Capital Markets, 24 Corporate Plaza Drive, Newport Beach, CA 92660, by telephone at +1-949-720-7194, or via email at rothecm@roth.com.

About KIT digital

KIT digital (NASDAQ: KITD) is a leading, global provider of on-demand Internet Protocol (IP)-based video asset management solutions. Through its end-to-end software platform, “KIT VX,” KIT digital enables enterprise clients to acquire, manage and distribute their video assets across the three screens of the computer Internet browser, mobile device and television via an IPTV set-top box. KIT digital clients’ use of the VX platform ranges from end-consumer focused video distribution to internal corporate deployments, including corporate communications, human resources, training, security and surveillance. KIT digital is a premier partner to Akamai Technologies, jointly providing an unparalleled suite of IP-based content management, storage and delivery. The KIT digital client base includes over 470 enterprise customers across 30 countries, including The Associated Press, Disney-ABC, Google, IMG Worldwide, Kmart, Nasdaq, News Corp, RCS, Sensis, Telefonica, and Verizon. KIT digital has principal offices in Dubai, Melbourne (Australia), Prague, Toronto, New York and London. For additional information, please visit www.kitd.com.

KIT digital Media Contact:
Daniel Goodfellow
Tel. +1-646-873-3086
daniel@kitd.com

KIT digital Investor Relations Contact:
Matt Glover Liolios Group, Inc.
Tel. +1-949-574-3860
info@liolios.com

Revenue in the second quarter of 2009 totaled a record $10.5 million, an increase of 9% from $9.6 million in the previous quarter and a 91% increase from $5.5 million in the same quarter a year ago. The company’s revenues are primarily comprised of software license and maintenance fees, software set-up fees, and technical integration and creative service charges.

Net loss for the second quarter of 2009 was $490,000 or $(0.11) per basic and diluted share, compared to a net income in the previous quarter of $168,000 or $0.04 per basic and diluted share and a net loss in the second quarter of 2008 of $3.3 million or $(1.40) per basic and diluted share.

In the second quarter of 2009, operating EBITDA, a non-GAAP term, totaled a record $671,000 or $0.16 per basic and diluted share, an increase of 239% from $198,000 or $0.05 per basic and diluted share in the previous quarter and an improvement from an operating EBITDA loss of $2.2 million or ($0.95) per basic and diluted share in the second quarter of 2008. The company defines operating EBITDA as earnings before non-cash derivative income/(loss); non-cash stock based compensation; acquisition-related restructuring costs and other non-recurring charges; impairment of property and equipment; merger and acquisition expenses; and depreciation and amortization (see important discussion of operating EBITDA in “About the Presentation of Operating EBITDA,” below).

Q2 2009 Operational Highlights
• Formed strategic alliance with Akamai Technologies (NASDAQ: AKAM) to mutually package and resell each companies’ products and solutions across multiple mediums, including online, mobile networks and IPTV-enabled set-top boxes;

• Expanded client reach throughout the company’s three major operating regions, adding 11 new enterprise-level client contracts across a variety of industry verticals, including PMT and MSN Europe (EMEA), Tabcorp and Sanitarium (Asia-Pacific) and The New York Post (Americas);

• Acquired certain assets of broadband TV provider Narrowstep, adding several additional key clients and team members, and enhancing the company’s Microsoft Silverlight capabilities;

• Continued the centralization of global software development capabilities and operational management into the company’s European headquarters in Prague, Czech Republic—thereby lowering client delivery costs and enhancing operating margins.

Subsequent Events
• Effective August 13, 2009, KIT digital’s common shares moved from trading on the OTC Bulletin Board to the NASDAQ Global Market stock exchange, and the company’s ticker changed from KDGL to KITD;

• On August 18, 2009, the company completed a public offering of common stock at $7 per share that resulted in net cash proceeds of approximately $18.2 million after financing costs and the conversion of $3.7 million in interim promissory notes into common shares. The funds will be used primarily to finance acquisitions of competitive businesses and, to a lesser extent, the repayment of debt and general corporate purposes. Upon completion of the offering (but before the exercise of up to 0.6 million shares in underwriters’ over-allotment purchase options), the company had approximately 8.3 million common shares outstanding.

Management Commentary
“KIT digital is at an exciting point in its development,” said Kaleil Isaza Tuzman, the company’s chairman and chief executive officer. “Since January 2008—which marked a change in management and go-to-market strategy —we have posted six consecutive quarters of strong organic client growth and operating margin expansion. Our KIT VX Video Management Platform is now the clear leader in its category. Over the next several quarters, we expect to continue to expand market share and geographical reach, while building on our positive cash flow both organically and through acquisition.”

Gavin Campion, president of KIT digital, added, “Our performance during the quarter reflects our ongoing commitment to growth coupled with margin expansion and disciplined management decisions. In addition to accelerating financial performance, the second quarter was dedicated to ongoing improvement of our KIT VX platform, including the integration of functionality introduced through our October 2008 acquisition of Visual Connection. The formation of technology and marketing partnerships, like that with Akamai announced at the end of June, demonstrate the unique value of our unified KIT VX platform and should augment our direct sales efforts.”

Conference Call
Management will hold a conference call to discuss results for the second quarter ended June 30, 2009 today at 10 a.m. Eastern time.

Date: Wednesday, August 19, 2009
Time: 10 a.m. Eastern time (7 a.m. Pacific)
Dial-in # (North America): +1-800-894-5910
Dial-in # (outside of North America): +1-785-424-1052
Conference ID: 7KITDIGITAL

The conference call will be broadcast simultaneously and available for replay via the Investor Relations section of the company’s website at www.kitd.com.

Please call the conference telephone number at least 5-10 minutes before the scheduled start to allow for processing time. If there is any difficulty connecting with the conference call, please contact the Liolios Group at +1-949-574-3860.

A replay of the call will be available after 2 p.m. Eastern time on the same day and until September 19, 2009:

Toll-free replay # (North America): +1-800-723-2156
International replay # (outside of North America): +1-402-220-2660
(No passcode required)

About the Presentation of Operating EBITDA
Management uses operating EBITDA for forecasting and budgeting, and as a proxy for operating cash flow. Operating EBITDA is not a financial measure calculated in accordance with U.S. generally accepted accounting principles (GAAP) and should not be considered in isolation, or as an alternative to net income, operating income or other financial measures reported under GAAP. The company defines operating EBITDA as earnings before: non-cash derivative income/(loss), non-cash stock based compensation; acquisition-related restructuring costs and other non-recurring charges; impairment of property and equipment; merger and acquisition expenses; and depreciation and amortization. Other companies (including the company’s competitors) may define operating EBITDA differently. The company presents operating EBITDA because it believes it to be an important supplemental measure of performance that is commonly used by securities analysts, investors and other interested parties in the evaluation of companies in a similar industry. Management also uses this information internally for forecasting, budgeting and performance-based executive compensation. It may not be indicative of the historical operating results of KIT digital nor is it intended to be predictive of potential future results. See “GAAP to non-GAAP Reconciliation” table below for further information about this non-GAAP measure and reconciliation of operating EBITDA to net loss for the periods indicated. Shares used in the calculation of GAAP diluted earnings per share are the same as the shares used in the calculation of diluted adjusted operating income/(loss) per share except when the company reports a GAAP loss.

About KIT digital
KIT digital (NASDAQ: KITD) is a leading, global provider of on‐demand Internet Protocol (IP)‐based video asset management solutions. Through its end‐to‐end software platform, “KIT VX,” KIT digital enables enterprise clients to acquire, manage and distribute their video assets across the three screens of the computer Internet browser, mobile device and television via an IPTV set‐top box. KIT digital clients’ use of the VX platform ranges from end‐consumer focused video distribution to internal corporate deployments, including corporate communications, human resources, training,
security and surveillance. KIT digital is a premier partner to Akamai Technologies, jointly providing an unparalleled suite of IP‐based content management, storage and delivery. The KIT digital client base includes over 470 enterprise customers across 30 countries, including The Associated Press, Disney‐ABC, Google, IMG Worldwide, Kmart, NASDAQ, News Corp, RCS, Sensis, Telefónica, and Verizon. KIT digital has principal offices in Dubai, Melbourne (Australia), Prague, Toronto, New York and London. For additional information, please visit www.kitd.com.
KIT digital Forward Looking Statement
This press release contains certain “forward‐looking statements” related to the businesses of KIT digital, Inc. which can be identified by the use of forward‐looking terminology such as “believes,” “expects” or similar expressions. Such forward‐looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product development and commercialization, the ability to obtain or maintain patent and other proprietary intellectual property protection, market acceptance, future capital requirements, regulatory actions or delays, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our public filings with the U.S. Securities and Exchange Commission. KIT digital is not under obligation to (and expressly disclaims any such obligation to) update or alter its forward‐looking statements whether as a result of new information, future events or otherwise.

For the full financial information please click here
KIT digital Media Contact:
Daniel Goodfellow
Tel. +1‐646‐873‐3086
daniel@kitd.com

KIT digital Investor Relations Contact:
Matt Glover
Liolios Group, Inc.
Tel. +1‐949‐574‐3860
info@liolios.com

KIT digital intends to use the net proceeds of this offering primarily to finance acquisitions of competitive businesses, with a limited portion used to repay certain outstanding debts and for general corporate purposes, including the potential restructuring of existing earn-out arrangements related to prior acquisitions.

“We are very pleased to have completed this equity offering and at the same time facilitated the placement of shares for certain outside shareholders,” commented Kaleil Isaza Tuzman, chairman and chief executive officer of KIT digital, whose KIT Media Ltd. investment vehicle invested in the public offering. “Together with our newly effective NASDAQ Global Market listing, today’s announcement provides evidence of our leadership position in the IP-video content management industry and puts us in a position to execute on selected, accretive acquisitions.”

Roth Capital Partners LLC acted as the lead underwriter for the offering and Merriman Curhan Ford & Co. and Maxim Group LLC acted as co-managers.

A registration statement relating to these securities was declared effective by the Securities and Exchange Commission on August 12, 2009. Any offer or sale will be made only by means of a written prospectus forming part of the effective registration statement. Copies of the final prospectus relating to the offering may be obtained from the offices of Roth Capital Partners by e-mail to rothecm@roth.com, by fax to (949) 720-7227 or by mail to 24 Corporate Plaza Drive, Newport Beach, CA, 92660, Attention: Equity Capital Markets.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to their registration or qualification under the securities laws of any such state or jurisdiction.

About KIT digital
KIT digital, Inc. (NASDAQ: KITD) is a leading global provider of on-demand content management solutions for managing IP-based video assets. Through its end-to-end software platform, KIT VX, KIT digital works closely with consumer brands, content providers and telcos to economize on costs and maximize the value of video content via the Internet, mobile networks and IPTV enabled televisions. The KIT VX platform allows clients to ingest, manage, distribute and publish digital video content, build online/mobile communities and integrate advertising. KIT offers businesses a full range of interactive marketing solutions and KIT clients can access approximately 80 KIT-syndicated channels and 40,000 KIT-syndicated videos. KIT digital clients include Associated Press, Disney-ABC, General Motors, IMG, Kmart, NASDAQ, News Corp, RCS, Telefónica and Verizon. KIT digital has principal offices in Dubai, Melbourne (Australia), Prague, Toronto, New York and London. For additional information, please visit www.kitd.com.

Forward-Looking Statements
This press release contains certain “forward-looking statements” related to the businesses of KIT digital, Inc. which can be identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product development and commercialization, the ability to obtain or maintain patent and other proprietary intellectual property protection, market acceptance, future capital requirements, regulatory actions or delays, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our public filings with the U.S. Securities and Exchange Commission. KIT digital, Inc. is not under any obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

KIT digital Media Contact:
Daniel Goodfellow
Tel. +1-646-873-3086
daniel@kitd.com

KIT digital Investor Relations Contact:
Matt Glover
Liolios Group, Inc.
Tel. +1-949-574-3860
info@liolios.com
###

“Our listing on the NASDAQ Global Market represents yet another important milestone for our company,” said Kaleil Isaza Tuzman, chairman and chief executive officer of KIT digital. “This will raise our visibility in the financial markets and open up KIT digital to investment from certain U.S. and offshore funds that are restricted from investing in Bulletin Board securities. We believe the NASDAQ Global Market listing will improve liquidity and, ultimately, shareholder value. Given the qualifications that were required for listing, we also expect this to enhance our status in the eyes of potential enterprise customers, who entrust us with their valuable digital assets.”

The NASDAQ Global Market, formerly the NASDAQ National Market®, has been renamed to more accurately reflect its global leadership and the international reach of the exchange and its listed companies. A company must meet all initial listing criteria of one of the three listing standards for initial NASDAQ listing, and must continue to meet these standards in order to maintain its listing on the NASDAQ Global Market.

About NASDAQ® Stock Market
NASDAQ is the largest electronic screen-based equity securities market in the United States. With approximately 3,100 companies, it lists more companies and on average, trades more shares per day than any other U.S. market. It is home to companies that are leaders across all areas of business including technology, retail, communications, financial services, transportation, media and biotechnology. NASDAQ is the primary market for trading NASDAQ-listed stocks. NASDAQ Execution Services — NASDAQ’s broker-dealer — is the #1 broker-dealer on the floor of the NYSE.

About KIT digital
KIT digital, Inc. (NASDAQ: KITD) is a leading, global provider of on-demand content management solutions for managing IP-based video assets. Through its end-to-end software platform, KIT VX, KIT digital works closely with consumer brands, content providers and telcos to economize on costs and maximize the value of video content via the Internet, mobile networks and IPTV enabled televisions. The KIT VX platform allows clients to ingest, manage, distribute and publish digital video content, build online/mobile communities and integrate advertising. KIT offers businesses a full range of interactive marketing solutions and KIT clients can access approximately 80 KIT-syndicated channels and 40,000 KIT-syndicated videos. KIT digital clients include Associated Press, Disney-ABC, General Motors, IMG, Kmart, NASDAQ, News Corp, RCS, Telefónica and Verizon. KIT digital has principal offices in Dubai, Melbourne (Australia), Prague, Toronto, New York and London. For additional information, please visit www.kitd.com.

KIT digital Media Contact:
Daniel Goodfellow
Tel. +1-646-873-3086
daniel@kitd.com

KIT digital Investor Relations Contact:
Matt Glover
Liolios Group, Inc.
Tel. +1-949-574-3860
info@liolios.com

The conference call will feature remarks from KIT digital’s executive management team, followed by a question and answer period.

Date: Wednesday, August 19, 2009
Time: 10 a.m. Eastern time (7 a.m. Pacific time)
Dial-in # (North America): +1-800-894-5910
Dial-in # (outside of North America): +1-785-424-1052
Conference ID: 7KITDIGITAL

The conference call will be broadcast simultaneously and available for replay via the Investor Relations section of the company’s website at www.kitd.com.

Please call the conference telephone number at least 5-10 minutes before the scheduled start to allow for processing time. If there is any difficulty connecting with the conference call, please contact the Liolios Group at +1-949-574-3860.

A replay of the call will be available after 2 p.m. Eastern time on the same day and until September 19, 2009:

Toll-free replay # (North America): +1-800-723-2156
International replay # (outside of North America): +1-402-220-2660
(No passcode required)

About KIT digital
KIT digital, Inc. (NASDAQ: KITD) is a leading global provider of on-demand content management solutions for managing IP-based video assets. Through its end-to-end software platform, KIT VX, KIT digital works closely with consumer brands, content providers and telcos to economize on costs and maximize the value of video content via the Internet, mobile networks and IPTV enabled televisions. The KIT VX platform allows clients to ingest, manage, distribute and publish digital video content, build online/mobile communities and integrate advertising. KIT offers businesses a full range of interactive marketing solutions and KIT clients can access approximately 80 KIT-syndicated channels and 40,000 KIT-syndicated videos. KIT digital clients include Associated Press, Disney-ABC, General Motors, IMG, Kmart, NASDAQ, News Corp, RCS, Telefónica and Verizon. KIT digital has principal offices in Dubai, Melbourne (Australia), Prague, Toronto, New York and London. For additional information, please visit www.kitd.com.
KIT digital Media Contact:
Daniel Goodfellow
Tel. +1-646-873-3086
daniel@kitd.com

KIT digital Investor Relations Contact:
Matt Glover
Liolios Group, Inc.
Tel. +1-949-574-3860
info@liolios.com

DUBAI – July 7, 2009 – KIT digital, Inc. (OTCBB: KDGL), a leading global provider of Internet Protocol (IP)-based video management technologies, has continued its strong organic growth by adding a number of globally recognized brands to its customer list in the first half of 2009.

The company has expanded its client reach in each of its three regional coverage areas (EMEA, Asia-Pacific and the Americas) with the addition of brands like PMT and MSN (EMEA), Tabcorp (Asia-Pacific) and Citadel Broadcasting (the Americas). The new business includes deployments across a variety of industry verticals and consumer “screens” (browser, mobile handset, IPTV-enabled television set), demonstrating the company’s device-agnostic approach and the breadth of functionality available through the KIT VX Video Management Platform.

“The last six months have firmly established KIT digital as the leading global provider of IP-based video technologies for the large enterprise,” said Gavin Campion, president of KIT digital. “We have competed head-to-head with competing platforms and internally built solutions, and also advanced KIT VX as part of a greenfield solution for monetizing IP-based video. Across a wide range of verticals—media and entertainment, classifieds, gaming, financial, telecommunications and government—we continue to be the IP video platform of choice for sophisticated companies operating in multiple geographies and network environments.”

The KIT VX end-to-end technology platform helps corporations and governments leverage video content and video-based marketing online, on mobile devices and on Internet-enabled television sets. KIT VX is also used for corporate video deployments, helping clients save money by deploying IP video solutions in lieu of traditional satellite or closed-circuit systems in areas like corporate communications, information kiosks, human resources and training, and security/surveillance.

Selected new client wins during the first half of 2009, where in many instances KIT digital was selected in a competitive RFP process, include:

Europe, Middle East & Africa (EMEA)

• MSN Europe, one of the leading online portals, engaged KIT digital to provision high quality, repurposed and localized IP video content, using KIT digital’s content localization facility in Cairo;
• PMT Video, a major IP video initiative in the Russian marketplace, selected the KIT VX digital asset management system to provide a new service for the Russian consumer: video-on-demand in the home with targeted content and advertising on an open-network IPTV set-top-box;
• The municipal government of a leading European capital city engaged KIT digital to use IP video led elements to promote tourism, including 3D cinema, computer games, and themed kiosks. The deployment has already received the Gloria Musaealis award for digitalization;
• Multimedialne Centrum Bratislava selected KIT VX as the basis for a special multimedia classroom roll-out, utilizing IP video, audio, graphics, internet and traditional broadcast in the learning process.

Asia-Pacific

• Sky Racing, a division of Tabcorp (one of the world’s largest publicly listed gaming companies), chose KIT digital to deliver live and on-demand racing channels via the Internet, through a custom interface;
• Yellow™, a division of Sensis and Asia’s largest classified and business listing publisher, selected the KIT VX platform to ingest, filter and curate UGC video listings across the many thousands of Yellow advertisers;
• A major private health insurance brand selected KIT digital for an online video solution;

The Americas

• Citadel Broadcasting, the second-largest radio network in the USA, chose the KIT VX digital asset management module for its network of over 220 sites for a further two years, citing the suitability of the KIT VX platform for multi-point publishing as a key differentiator;
• blinkx, the leading online video search engine, engaged with KIT digital in a major partnership. The deal allows KIT digital to access the blinkx technology and offer it to clients as part of the KIT VX platform. In turn, blinkx uses KIT VX as a technology backbone for the management and delivery of IP video;
• Mio.tv, a new video-led web portal for the Hispanic community in the U.S., engaged KIT digital to develop a strategy and treatments that facilitated a number of different video-viewing experiences, along with social networking interactions aligned to the video experience;
• The New York Post reappointed KIT digital as a video technology partner for an additional two years, citing KIT digital’s product development roadmap, and opportunities for customization of the solution as key competitive differentiators.

KIT digital has continuously expanded the functionality of its KIT VX Video Management Platform through new releases, integrating new features and product modules that have been brought to market as a result of meeting client-driven needs as well as through strategic acquisitions. As a standard practice, the company does not capitalize research and development—which management believes provides for greater transparency in financial reporting and accountability. At times, the company may choose to terminate certain client contracts it deems unprofitable or inappropriately draining company resources.

Kaleil Isaza Tuzman, chairman and CEO of KIT digital, commented: “In addition to client and revenue expansion, the first half of 2009 has been dedicated to ongoing improvement of our KIT VX platform and integration of functionality gleaned from prior acquisitions. We believe that the IP video platform market is beginning to differentiate along several vectors—like ‘3-screen’ capability, asset management versus video player focus, geographical coverage, enterprise versus SME focus, etc.”

“We remain committed to serving the IP video needs of the global enterprise,” continued Isaza Tuzman, “which can be highly complex, span multiple physical and network geographies, and require online, mobile and IPTV-based asset management. Our ‘industrial-grade’ digital asset management system and multi-point publishing capability support this go-to-market strategy, while providing for less competitive pressure and higher margins.”

About the KIT VX Video Management Platform
The KIT VX Video Management Platform allow clients to easily capture, manage, and monetize digital video assets, and deliver them via the Web, mobile networks and IPTV-enabled set-top boxes. KIT VX centralizes video asset management, and allows for multiple users within client organizations to have different access rights to content to help ensure appropriate distribution, promotion and creation of content. The platform includes a robust content management system (CMS) for managing large amounts of text, documents, images, audio and video—or elements of the platform can be integrated with existing content management systems via the platform’s advanced application programming interfaces (APIs) that include a number of pre-built, modular extensions. KIT VX is now offered with Akamai Technologies’ IP video solutions, providing unparalleled IP-based content management, storage and delivery.

About KIT digital
KIT digital is a leading, global provider of on-demand content management solutions for managing IP-based video assets. Through its end-to-end software platform, KIT VX, KIT digital works closely with consumer brands, content providers and telcos to economize on costs and maximize the value of video content via the Internet, mobile networks and IPTV set-top boxes. The KIT VX platform allows clients to ingest, manage, distribute and publish digital video content, build online/mobile communities and integrate advertising. KIT offers businesses a full range of interactive marketing solutions and KIT clients can access approximately 80 KIT-syndicated channels and 40,000 KIT-syndicated videos. KIT digital clients include Associated Press, Disney-ABC, General Motors, IMG, Kmart, Nasdaq, News Corp, RCS, Telefonica and Verizon. KIT digital has principal offices in Dubai, Melbourne (Australia), Prague, Toronto and London. For additional information, please visit www.kitd.com.

KIT Forward-Looking Statement
This press release contains certain “forward-looking statements” related to the businesses of KIT digital, Inc. which can be identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product development and commercialization, the ability to obtain or maintain patent and other proprietary intellectual property protection, market acceptance, future capital requirements, regulatory actions or delays, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our public filings with the U.S. Securities and Exchange Commission. KIT digital is not under obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

KIT digital Media Contact:
Daniel Goodfellow
Tel. +1-646-873-3086
daniel@kitd.com

KIT digital Investor Relations Contact:
Matt Glover
Liolios Group, Inc.
Tel. +1-949-574-3860
info@liolios.com

CAMBRIDGE, MA and DUBAI – June 29, 2009 – KIT digital, Inc. (OTCBB: KDGL), a leading global provider of Internet Protocol-based video management technologies, and Akamai Technologies, Inc. (NASDAQ: AKAM), the leader in powering rich media, dynamic transactions and enterprise applications online, have joined forces to deliver IP video across multiple mediums, including
online, mobile networks and IPTV-enabled set-top boxes.

The companies have signed a new strategic agreement that calls for them to build upon a long-standing vendor relationship and engage in collaborative sales and marketing efforts on a global basis. This is a unique initiative for both companies and reflects their shared vision for the future of the IP-video market.

According to the terms of the agreement:
•    KIT digital will package and resell Akamai solutions with its KIT VX Video Management Platform. This will enable video delivery via online, mobile networks and IPTV-enabled set-top boxes on a more integrated and cost-effective basis.
•    For streaming and video-on-demand services, jointly served enterprise clients will receive maximally efficient storage and bandwidth.
•    Akamai will collaborate with KIT digital to jointly market the KIT VX Video Management Platform to key Akamai enterprise customers.

Akamai’s globally distributed computing platform powers 15-20 percent of all Web traffic, optimizing the transfer of information and increasing complex media performance. While Akamai has been KIT digital’s preferred streaming and storage partner for several years, this agreement allows for a more strategic offering of the companies’ respective products and services, providing end customers with improved quality and a more cost-effective joint solution.

“As a customer of both KIT and Akamai over the years, we’re glad to see this platform integration partnership take wing,” said Pete Picton, online editor for The Sun newspaper of London, England. “We believe these two companies are the market leaders in their respective fields of video asset management and content delivery services, and we are looking forward to seeing enhanced functionality and pricing benefits.”

According to Greg Lazar, vice president and general manager of international sales and global partners for Akamai:  “We continually seek partnerships with leading software companies that share Akamai’s commitment to providing the best rich media experiences available through Internet Protocol. We have found KIT digital to be an invaluable partner to Akamai for global enterprises with complex video management needs. We look forward to leveraging KIT digital’s leadership in the IPTV set-top box market, for example, to develop new client opportunities for Akamai.”

Gavin Campion, president of KIT digital, added: “Our enterprise customers demand the best quality content delivery services—whether for video-on-demand or live streaming—and have end customers spread across the globe. Akamai is recognized worldwide as the most reliable and highest quality provider of IP-based content delivery and storage. This agreement expands upon our long-standing relationship with Akamai, allowing for closer collaboration in technology, marketing and sales.”

“Our enterprise clients will now be able to better manage and deliver high quality IP video,” continued Campion. “We see the potential here for a more substantive and integrated partnership than any that currently exists between a content delivery-focused company and an IP video platform company, with real revenue and client uplift as a result.”

About the KIT VX Video Management Platform
The KIT VX Video Management Platform is comprised of a host of solutions that allow clients to easily capture, manage, and monetize digital video assets, and deliver them via the Web, mobile networks and IPTV-enabled set-top boxes. KIT VX centralizes video asset management, and allows for multiple users within client organizations to have different access rights to content to help ensure appropriate distribution, promotion and creation of content. The platform includes a robust content management system (CMS) for managing large amounts of text, documents, images, audio and video—or elements of the platform can be integrated with existing content management systems via the platform’s advanced application programming interfaces (APIs) that include a number of pre-built, modular extensions. As part of the new global partnership agreement, KIT VX now integrates with Akamai IP video solutions, providing unparallel IP-based content management, storage and delivery.

About Akamai Technologies
Akamai provides market-leading managed services for powering rich media, dynamic transactions, and enterprise applications online. Having pioneered the content delivery market one decade ago, Akamai’s services have been adopted by the world’s most recognized brands across diverse industries.  The alternative to centralized Web infrastructure, Akamai’s global network of tens of thousands of distributed servers provides the scale, reliability, insight and performance for businesses to succeed online.  Akamai has transformed the Internet into a more viable place to inform, entertain, interact, and collaborate.  To experience The Akamai Difference, visit www.akamai.com.

About KIT digital
KIT digital is a leading, global provider of on-demand content management solutions for managing IP-based video assets. Through its end-to-end software platform, KIT digital works closely with consumer brands, content providers and telcos to maximize the value of video content via the Internet, mobile networks and IPTV set-top boxes. The KIT VX platform allows clients to ingest, manage, distribute and publish digital video content, build online/mobile communities and integrate advertising. KIT offers businesses a full range of interactive marketing solutions and KIT clients can access approximately 80 KIT-syndicated channels and 40,000 KIT-syndicated videos. KIT digital clients include Associated Press, Disney-ABC, General Motors, IMG, Kmart, Nasdaq, News Corp, RCS, Telefonica and Verizon. KIT digital has principal offices in Dubai, Melbourne (Australia), Prague, Toronto and London. For additional information, visit www.kitd.com.

Akamai Forward Looking Statement
The press release contains information about future expectations, plans and prospects of Akamai’s management that constitute forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by these forward-looking statements as a result of various important factors including, but not limited to, the effects of any attempts to intentionally disrupt our services or network by hackers or others, failure to have available sufficient transmission capacity, changes in KIT’s VX Video Management Platform or Akamai’s services such that they are no longer inter-operable, a failure of Akamai’s network infrastructure, and other factors that are discussed in the Company’s Annual Report on Form 10-K, quarterly reports on Form 10-Q, and other documents periodically filed with the SEC.

KIT Forward-Looking Statement
This press release contains certain “forward-looking statements” related to the businesses of KIT digital, Inc. which can be identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions. Such forward-looking statements involve known and unknown risks and uncertainties, including uncertainties relating to product development and commercialization, the ability to obtain or maintain patent and other proprietary intellectual property protection, market acceptance, future capital requirements, regulatory actions or delays, competition in general and other factors that may cause actual results to be materially different from those described herein as anticipated, believed, estimated or expected. Certain of these risks and uncertainties are or will be described in greater detail in our public filings with the U.S. Securities and Exchange Commission. KIT digital is not under obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Akamai Media Contact:
Jeff Young
Media Relations
Akamai Technologies, Inc.
617-444-3913
jyoung@akamai.com

KIT digital Media Contact:
Daniel Goodfellow
Tel. +1 646 873 3086
daniel@kitd.com

KIT digital Investor Relations Contact:
Matt Glover
Liolios Group, Inc.
Tel. +1 (949) 574-3860
info@liolios.com