Irvine, California – (The Hosting News) – August 25, 2006 – Audio and video streaming firm, VitalStream Holdings, Inc., has been approved by the Nasdaq Stock Market (”NASDAQ”) for its application to upgrade its listing, and expects to commence trading on the NASDAQ Global Market on Wednesday, August 30, 2006 under its current symbol, ”VSTH.” VitalStream has been trading on the NASDAQ Capital Market under the same symbol since its listing last June.
Jack Waterman, Chairman and Chief Executive Officer of VitalStream commented, ”Meeting the more stringent requirements for a NASDAQ Global Market listing is another important milestone for VitalStream that underscores the tremendous growth we have experienced and is another strategic goal our Board and senior management targeted to position the company to continuously maximize shareholder value. Nine months ago, we were a bulletin board stock with no analyst coverage, and today we begin trading on the NASDAQ Global Market with six investment banks providing coverage on VitalStream. We remain extremely excited about our market position and the growth prospects ahead which we are confident will generate additional exposure for the company, allowing VitalStream to benefit from the potential for increased liquidity and trading efficiency that the NASDAQ Global Market offers.”
The NASDAQ Global Market consists of over 1,450 companies that have applied for listing, having met and continued to meet stringent financial and liquidity requirements and agreed to meet specific corporate governance standards. Formerly called The NASDAQ National Market, this market was renamed in 2006 to reflect the global leadership and international reach of this market and the companies whose securities are listed here.
Recently, VitalStream appointed former Harrah’s Entertainment, Inc. executive, Eric L. Mersch, as Chief Financial Officer. Former CFO, Mark Belzowski, remains with the company in a senior capacity.
VitalStream’s core product suite consists of VitalStream Streaming Service for Flash, VitalStream Streaming Service for Windows Media and VitalStream Content Delivery Service. VitalStream’s customer base includes many of the largest, fastest-growing content providers. New customers added during Q4, 2005 include WalMart, Johnson and Johnson, Viacom’s Spike TV, ING, Time, Inc. and Deloitte Worldwide, which join existing customers like Comcast, Edmunds.com and CNET.
VitalStream’s customer base includes streamers of audio and video content, including Disney and Myspace.com. Notable new customers added during the second quarter of 2006 include Greyhound, the United Nations, Microsoft Prodigy, Buy.com, QuePasa, Home Depot and Gillette.
VitalStream, Inc., a wholly owned subsidiary of VitalStream Holdings, Inc., is a global provider of integrated content delivery services that endeavors to enable businesses to broadcast digital media and communications to worldwide audiences via the Internet. The company provides complete solutions, including video and audio streaming, advertising placement, delivery, reporting and analysis, live event broadcasting, media asset management, integrated web hosting and consulting services, designed to seamlessly integrate with leading streaming media technologies. VitalStream engineered its content delivery network certified for quality delivery in the United States, Europe and Asia.
To learn more, please visit: www.vitalstream.com.