NEWS RELEASE

ViewCast Contact:
Laurie L Latham
Chief Financial Officer
Tel: +1 (972) 488-7200
 
PR Agency Contact:
Jessie Glockner
Rainier Communications
Tel: +1 (508) 475-0025 x140
E-mail: jglockner@rainierco.com
Investor Contact:
Matt Clawson
Allen & Caron
Tel: +1 (949) 474-4300
E-mail: matt@allencaron.com

ViewCast Reports 2008 Fourth Quarter and Year-End Financial Results

PLANO, Texas—March 31, 2009—ViewCast Corporation (OTCBB: VCST), a developer of industry-leading hardware and software for the transformation and delivery of professional quality video over broadband and mobile networks, today reported net income on higher revenues for the 12 months ended December 31, 2008.

Highlights of the Past Year
Solid financial, operational, technological and strategic progress was made during 2008 and in the subsequent weeks.  That progress included:

·  
Steady overall revenue growth despite the postponement of a significant OEM order in the 2008 fourth quarter until Q1 2009;
·  
The introduction of numerous powerful, award-winning encoding appliances including the GoStream Surf, Niagara Pro II and the Niagara 2100, all of which create greater opportunities for customers to create and monetize high-quality streaming content applications;
·  
Technology participation in some of the most high-profile, high-traffic streamed events in history, including the 2008 Beijing Olympic Games, the 2008 NCAA Basketball Championships and numerous sporting and cultural events;
·  
And the game-changing purchase of the assets of Ancept, which leverages the power of IBM Filenet and IBM Content Manager to sell software solutions to manage and automate media, from production to scheduling, editing, processing and content distribution.

ViewCast President and Chief Executive Officer Dave Stoner said, “New technology releases and the execution of the Ancept asset purchase in March 2009 fulfilled key corporate initiatives and as a result we are entering 2009 armed with a far greater product portfolio than we had a year ago.  Rising demand for streaming capabilities continues in the marketplace and a greater number of enterprises are discovering ways to drive new revenue streams and corporate efficiencies by creating and using video assets.  We have developed and launched two new Niagara products in the past six months that enable our customers to produce and distribute the highest quality images in our segment.  In addition, the acquisition of the Ancept content management technology allows us to sell the other key link to the streaming video value chain as most enterprises that use encoding technology also have or will have the need to manage and distribute the audio/video assets they own and create.”

Full-Year 2008 Results
Revenues for 2008 grew to a record $17.4 million, from $16.0 million in 2007, primarily from higher sales of Osprey video capture cards. Gross profit was $11.9 million, or 69 percent of revenues, compared to $9.6 million, or 60 percent of revenues, for 2007. Higher gross profit in 2008 was a continuation of a trend that has been primarily attributable to higher production levels, adjustment in product pricing and ongoing manufacturing cost control.

Operating expenses for 2008 were $11.2 million, up from $8.7 million for 2007 principally due to second half 2008 investments in sales, marketing and new product development. Operating income fell to $693,000 from an operating income of $909,000 in 2007. Net income for 2008 declined to $531,000 compared to a net income of $843,000 for 2007. After preferred dividends, the fiscal year 2008 net loss per share was $(0.01) per share on a fully diluted basis, compared to a net income of less than a penny per share, or $0.00 for the 12 months of 2007.

Stoner said, “Sales growth levels were on track through the year-end period when significant OEM orders were pushed into the first quarter, thus impacting the typically strong fourth quarter.  Those orders have been subsequently delivered in 2009.”

MORE-MORE-MORE
 
 
 

The following information was filed by Viewcast Com Inc (VCST) on Tuesday, March 31, 2009 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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