KIT Capital’s Colombian property featured in The New York Times

In Colombia, a Taste of the Spanish Caribbean

Published: February 28, 2013

“The house, named for the street — Calle Cochera de Hobo — in which it stands, is less than a block from popular attractions like the famed Santa Clara Monastery, now a hotel, and Plaza San Diego, a lively square surrounded by restaurants, nightspots and boutiques.Its current owner, Kaleil Isaza Tuzman, of KIT Capital, purchased the 413-square-meter, or 4,445-square-foot, property in late 2003.”

Read the entire article here: In Colombia, a Taste of the Spanish Caribbean

Group Led By Former Chairman and CEO Kaleil Isaza Tuzman Revises Acquisition Offer and Raises Concerns Regarding KIT digital Sale Process

Believes company is being purposefully driven to a distressed sale by current insiders

NEW YORK, Feb. 11, 2013 /PRNewswire/ — Dear KIT digital board of directors:

In an open letter to you on November 23rd, 2012, a group led by me outlined our disappointment with the direction you have taken KIT digital, Inc. (“KITD” or the “Company”), made a preliminary bid to take the Company private, and offered a detailed operational plan to recover value for shareholders. On December 5th, 2012, we revised our contingent bid for the Company in another open letter to the board—to a range of $1.35 -$1.70 per share—representing a 112% premium to the $0.72 closing price of the Company’s shares on December 4, 2012. Continue reading

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

Urges Transparent Auction Process; Requests Response by Wednesday, December 12, 2012

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. Continue reading