Group Led by Former Chairman and CEO Kaleil Isaza Tuzman Extends Revised Acquisition Offer to KIT Digital Board of Directors

NEW YORK, Dec. 5, 2012 /PRNewswire/ --

Attention: Bill Russell, Chairman

Dear KIT digital Board of Directors,

On November 23, 2012, we sent you a detailed letter describing our disappointment in the performance of KIT digital Inc.'s ("KITD" or the "Company") current management team in both administering the business and capitalizing on strategic opportunities that could have generated significant value for the Company's shareholders (the "Initial Letter"). In our Initial Letter, we also outlined our own turnaround plan for KITD and urged you to immediately engage with us regarding a provisional offer to acquire the Company.

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Group Led by Former Chairman and CEO Kaleil Isaza Tuzman Extends Revised Acquisition Offer to KIT Digital Board of Directors,
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