SAN FRANCISCO, January 21, 2010 — ThinkEquity LLC – A Panmure Gordon Company, a leading investment banking boutique focused on growth companies and their investors, is pleased to announce that the completion of a follow-on offering for KIT Digital Inc. (NASDAQ: KITD) on January 21, 2010 The Company issued 3,330,000 shares of common stock at a price of $10.50 per share raising gross proceeds of approximately $35 million. ThinkEquity LLC acted as a Co-Manager in this transaction. KIT Digital is a leading global provider of video asset management solutions (VAMs) for multi-screen IP-based delivery and broadcast systems integration services. KIT VX-one, the company's family of end-to-end software platform solutions, enables enterprise clients to acquire, manage and distribute video assets across the three screens of today's world: the personal computer, mobile device, and IPTV-enabled television set. The application of VX ranges from commercial video distribution to internal corporate deployments, including corporate communications, human resources, training, security and surveillance. KIT digital is headquartered in Prague, and maintains principal offices in Atlanta, Beijing, Buenos Aires, Cairo, Chennai, Cologne, Delhi, Dubai, Kolkata, London, Melbourne (Australia), Mumbai, New York, Singapore, Stockholm and Toronto. The securities described above were offered by Kit Digital Inc. pursuant to a S3 registration statement previously filed with and declared effective by the Securities and Exchange Commission on January 20, 2010. The final prospectus is available at the SEC’s website at, or by contacting ThinkEquity LLC at 600 Montgomery Street, 3rd Floor, San Francisco, CA 94111, Attn: Prospectus Department 415-249-2935. ThinkEquity Contact: Janet Faleski Managing Director T: 212.468.7083 E: