Published: December 05, 2012
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.
To read the complete release at NewsBlaze,
Group Led by Former Chairman and CEO Kaleil Isaza Tuzman Extends Revised Acquisition Offer to KIT Digital Board of Directors,
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