MediaXstream Closes $10 Million Series A Funding With Constellation Ventures & Columbia Ventures

MediaXstream Closes $10 Million Series A Funding With Constellation Ventures & Columbia Ventures

Specializing in High-Definition Network Services for Production and Broadcast

SAN JOSE, Calif., March 31 /PRNewswire/ -- MediaXstream, Inc., a new venture that provides carrier-neutral, high-quality transport and managed network services for the production and broadcast industries, today announced that it has closed a $10 million Series A round of funding, led by Constellation Ventures and joined by Columbia Venture Corporation. MediaXstream specializes in the digital and High Definition formats demanded by sports, TV and film production, news, mobile content, and IPTV.

"We're excited to have the opportunity to bring these services to market on a fully-managed network platform dedicated to media," said Del Bothof, CEO MediaXstream. "Our mission is to flexibly provide 100% QOS video networking in a variety of native formats."

Kenneth D. Peterson, Jr., CEO of Columbia Ventures Corporation, remarked, "We are delighted to be a strong supporter of MediaXstream, and we believe its services will be enthusiastically welcomed in a market that has faced dwindling choices. We look forward to assisting MediaXstream in the execution of its vision and extending its presence in the marketplace."

About Columbia Ventures:

Columbia Ventures Corporation (CVC), headquartered in Vancouver, Washington, is a multinational, entrepreneurial, private equity company, primarily focusing on the telecommunications sector around the world. Other CVC telecommunications investments include One Communications Corp., Hibernia Atlantic, and Magnet Networks.

For more information on Columbia Ventures, please visit http://www.colventures.com/.

This news release contains forward-looking statements that involve risks and uncertainties. Factors that could cause or contribute to such risks and uncertainties include, but are not limited to, general economic and business conditions, competition, changes in technology and methods of marketing, and various other factors beyond MediaXstream's control.

First Call Analyst:
FCMN Contact:

Source: MediaXstream, Inc.

CONTACT: Matt Johnson, +1-303-717-2203, mjohnson@mediaxstream.tv

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