Finance Articles

McCombs Increases His Investment in Media Excel, Providing Vote of Confidence in Its MobileTV and IPTV Transcoding Technology and Market Penetration

AUSTIN, Texas (BusinessWire EON) September 4, 2007 -- "We are delighted to have Mr. McCombs and the McCombs Enterprises as a shareholder and Board Member. Our relationship goes back since the inception of Media Excel and they have been a tremendous partner providing not only financial support, but also great market credibility, business networking and strategic direction," said Mr Thanasis Iatrou, CEO of Media Excel. "I am grateful for Mr McCombs' personal mentorship and close attention to our business and our team. Working with an industry leader such as Mr. McCombs, one gets to know that it is not good enough to want to win, but one has to expect to win and prepare for it."

"Media Excel is a key investment of McCombs Enterprises portfolio" said Mr. McCombs. "We believe that digital video will be a key contributor to the growth of the Broadcasting, Web and Telecommunications industries and Media Excel has the right set of technologies, management team and market positioning to win," added Mr. McCombs.

Mr Red McCombs, a FORBES 400 member and co-founder of Clear Channel Communications has significant investment expertise in the Broadcasting industry as well as Auto, Energy and Real Estate.

Media Excel's full Transcoding product line for IPTV, MobileTV and Media Transcoding will be featured at IBC 2007 in Amsterdam, September 7 - 11 at Media Excel's booth 2.311.

About Media Excel, Inc.

Media Excel is the Transcoding Company for MobileTV & IPTV, enabling any content to be displayed on any device through affordable, high-performance transcoding technologies targeted at Telecom, Web and Media Broadcasters. Headquartered in Austin, Texas, Media Excel is a privately held company founded in 2000. http://www.mediaexcel.com

Trademarks mentioned are the property of their respective owners.

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