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Chyron Corporation Retains Lytham Partners For Investor
Relations
Contact: Robert Blum, Joe Dorame, Joe Diaz
Lytham Partners, LLC
602-889-9700
www.lythampartners.com
Melville, New York. - January 12, 2012 - Chyron Corporation
(NASDAQ: CHYR), the leading provider of graphics as a service for
on-air and digital video applications, announced today the
retention of Lytham Partners, LLC to conduct a national investor
relations program.
Michael Wellesley-Wesley, president and chief executive officer
of Chyron, commented, "We move into 2012 with renewed confidence of
improved operational and financial performance. We expect to
benefit from expanded broadcast network investments to cover and
televise the London Summer Olympics and the U.S. presidential
election, as well as the continued roll-out of our Axis World
Graphics platform in the European market, and our expectation of an
increased contribution from our EMEA and Latin American operations
as a result of sales force expansions made in those markets. We
believe the time is right to undertake a more proactive initiative
in expanding the visibility of Chyron within the national
investment community."
"To that end," Mr. Wellesley-Wesley continued, "we have retained
the services of Lytham Partners to chart a course and to execute a
comprehensive strategy to expand our institutional shareholder base
with the goal of enhancing shareholder value in the coming years as
we continue to execute our strategic business plan. Lytham Partners
has a demonstrated record of success in providing communications
and advisory services that significantly enhance shareholder value
based on clarity of messaging, transparency and timeliness in
interfacing with investors, and integrity in advising management
and board members. We look forward to a fruitful relationship."
Joseph Diaz, managing partner at Lytham Partners, commented,
"Chyron is the industry leader in providing the broadcast networks,
local television stations, and online media organizations worldwide
the rich graphics technology that dramatically improve
communications and viewer understanding. From local television and
national news programs to sporting events and online media points,
Chyron technology adds clarity, impact and enormous value to the
broadcast offerings of all its customers. We are pleased to
represent this iconic brand."
About Lytham Partners
Lytham Partners, LLC provides expertise and guidance to mid- and
small-cap companies in the healthcare, technology, services,
agricultural, industrial, aerospace and defense segments, as well
as the consumer and capital goods industries. The firm is dedicated
to generating substantive communications programs with an emphasis
on developing management credibility via data, clear articulation
of achievable strategic plans, and timely interaction with
investors. For more information visit our website at www.lythampartners.com.
About Chyron Corporation
As the pioneer of graphics as a service for all digital video
media, Chyron (NASDAQ: CHYR) continues to define the world of
digital and broadcast graphics with Web, mobile, HD, 3D, and
newsroom integration solutions. Winner of numerous awards,
including two Emmy® Awards, Chyron has proved itself as the
undisputed leader in the industry with advanced graphics offerings
that include Chyron's Axis World Graphics online content creation
software and order management system, on-air graphics systems, clip
servers, channel branding, and graphics asset management solutions.
More information about Chyron products and services is available on
the company websites: www.chyron.com and www.axisgraphics.tv. The
company's investor relations information is at www.chyron.com via the
"Investors" link.
Safe Harbor Statement
This press release contains "forward-looking statements"
within the meaning of the Private Securities Litigation Reform Act
of 1995, including statements relating to (i) our belief that we
will experience improved operational and financial performance in
2012,and (ii) our belief that we will benefit fromthe London Summer
Olympics and US presidential election, continued roll-out of
AxisWorld Graphics in Europe, and improved results in EMEA and
Latin America in 2012. These forward-looking statements are based
on management's current expectations and are subject to certain
risks and uncertainties that could cause actual results to differ
materially from those set forth in or implied by such
forward-looking statements. These risks and uncertainties include,
but are not limited to: current and future economic conditions that
may adversely affect our business and customers; our revenues and
profitability may fluctuate from period to period and therefore may
fail to meet expectations, which could have a material adverse
effect on our business, financial condition and results of
operations; our ability to maintain adequate levels of working
capital; our ability to successfully maintain the level of
operating costs; our ability to obtain financing for our future
needs should there be a need; our ability to incentivize and retain
our current senior management team and continue to attract and
retain qualified scientific, technical and business personnel; our
ability to expand our Axis online graphics creation solution or to
develop other new products and services; our ability to generate
sales and profits from our Axis online graphics services, workflow
and asset management solutions; rapid technological changes and new
technologies that could render certain of our products and services
to be obsolete; competitors with significantly greater financial
resources; new product and service introductions by competitors;
expansion into new markets; and, other factors discussed under the
heading "Risk Factors" contained in Item 1A in our Annual Report on
Form 10-K for the year ended December 31, 2010, which has been
filed with the Securities and Exchange Commission, as well as any
updates to those risk factors filed from time to time. All
information in this press release is as of the date of the release,
and we undertake no duty to update this information unless required
by law.
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