NEW YORK, Oct. 8, 2003 (PRIMEZONE) -- WallSt.net today announced an exclusive interview with Paul Summers, chief executive officer of Irvine, CA-based VitalStream Holdings Inc. (OTC:VSTH). In the interview, Summers discussed the Company's platform for Internet media distribution and how it stacks up against the competition.
VitalStream is a content delivery network (CDN) that empowers its customers to leverage the Internet as a distribution channel for their media content. Summers outlined the key benefits of distributing media via the Internet including options for payment processing, instant real-time reporting and other monetization features.
In Q2 2003, the Company reported a significant increase in revenue over Q2 2002 that Summers attributed to the acquisition of Epoch Hosting and client-base growth. Summers projected strong Q3 market conditions for all companies in VitalStream's market segment and outlined some reasons market conditions appear to be favorable for Internet media distribution companies.
Summers said that Vitalstream is among the top five companies in their sector in terms of revenue. "Our specific segment is highly fragmented with literally hundreds of players that offer streaming media and/or integrated hosting services," he said. "From a customer account perspective, we're probably in the top 3, and in terms of revenue, we believe we're in the top 5 of service providers."
Other topics covered in the interview include the company's proprietary MediaConsole(r) and its distinct advantages over competing streaming media software, the company's focus on middle ware, and the changing face of media distribution.
To hear the entire interview, visit www.wallst.net.
About Vitalstream Holdings Inc.
VitalStream Holdings Inc. is a leading provider of products and services that enable the digital broadcast of audio and video content and other communications via the Internet. VitalStream provides audio and video streaming, Web conferencing, advanced media hosting, payment processing and consulting services. The company's unique mix of services and technology enable businesses to leverage the global reach of the Internet to distribute their media content to targeted audiences worldwide. For more information regarding VitalStream, call 800-254-7554 or visit the Company's website at www.vitalstream.com.
About www.wallst.net
www.wallst.net is owned and operated by Digital Wall Street Inc., a multimedia provider of original, insightful commentary and news from North America's leading companies Giving a direct link to the management of today's fastest-growing companies through encompassing executive interviews and Sector Seminars. The company offers both a free service to consumers, and a premium, paid, monthly subscription to its members. We are receiving a fee of $500 from Vitalstream Holdings Inc. for the dissemination of this release. In the future, we may have an additional business relationship with the company. Current disclaimers can be found at http://www.wallst.net/disclaimer.asp.
This news release, and the interview identified in the news release, may contain certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may vary materially from the expectations contained in the forward-looking statements. Forward-looking statements may include statements addressing future financial and operating results of the Company. The following factors, among others, could cause actual results to differ materially from those described in any forward-looking statements: the risk that revenues for the Company and other companies in its market segment may not increase during the third quarter of 2003 or in the future; the risk Company may not be able to hold down costs as its revenues increase and, as a result, may not achieve decreases in losses or profitability; the risk that Company's revenue and or profitability may not increase compared to that of its competitors on the long run; the risks that the Company's existing customers may cease to use the Company's services and/or may not use the Company's services at the projected rate; uncertainties regarding the future demand for our products and services generally; the inability of the Company to compete or the competitive advantage of companies that compete or may compete in our markets; the risk that the Company may be unable to obtain additional capital necessary to continue operations and fuel growth, the risk that the Company may experience technical or security problems that injure its business or increase its operating costs, and/or uncertainties regarding our ability to pursue our proposed business strategy. More detailed information about these factors and others is set forth in the Company's filings with the Securities and Exchange Commission, including its Annual Report on Form 10-K for fiscal 2002. Such forward-looking statements speak only as of the date of this release. The Company is under no obligation (and expressly disclaims any obligation) to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.