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Streaming Services Provider VitalStream Raises $900,000

Authored by Mark Hefflinger on October 2, 2003 - 5:21am.
Irvine, Calif. -- VitalStream, a provider of audio and video streaming, Web conferencing, advanced media hosting, payment processing and consulting services, announced on Thursday that it has raised $900,000 in new funds through a private placement of its stock with Dolphin Equity Partners and its management team. The company also said that it has restructured the $1.1 million in outstanding notes to Dolphin. Irvine, Calif.-based VitalStream's president and CEO Paul Summers called the financing and note restructure "the first step in accomplishing our goal of moving the company onto a major exchange such as the NASDAQ or the AMEX."
http://biz.yahoo.com/bw/031002/25140_1.html 
http://www.vitalstream.com
tags: VC | VitalStream | Streaming Services |



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