VitalStream
Strengthens Executive Team With New Appointment
[May 12, 2004]
IRVINE,
Calif., May 12, 2004 (PRNewswire-FirstCall via COMTEX)
-- VitalStream(R), Inc. (BULLETIN BOARD: VSTH) , a global
provider of integrated content delivery services, announced
the appointment of Mark Belzowski as chief financial
officer, bringing more than 20 years of experience in
senior financial management to the VitalStream management
team.
In his position at VitalStream, Belzowski
will provide overall direction to the finance department
including forecasting and regulatory requirements. In
addition, he will play an integral role in VitalStream's
strategic financial objectives including any mergers
and acquisitions, equity raises and exchange listings.
He will assume his responsibilities as CFO as of May
17, 2004.
Belzowski replaces Kevin Herzog, VitalStream
chief financial officer since 2001, who left the Company
at the end of March. "Although we were sorry to
see Kevin go and are sincerely grateful for his strong
leadership during VitalStream's formative years, we
are thrilled Mark is joining our management team,"
said Paul Summers, president and chief executive officer.
"Mark's background in both entertainment and technology
will help VitalStream continue to be successful in the
future. He brings valuable industry experience to our
leadership team and we are anxious to get started working
with him on our strategic goals."
Prior to joining VitalStream, Belzowski
was chief financial officer at leading wireless technology
developer Universal Electronics Inc., where he was responsible
for all areas of finance and administration. Belzowski
was instrumental in the Company's successful restructuring
and movement toward more profitable business lines.
Prior to joining Universal Electronics, Belzowski was
vice president and controller in the Turner Entertainment
Group, a division of Turner Broadcasting Systems, where
he was responsible for reporting and analysis, accounting,
budgeting, forecasting and long range planning. He built
and led a financial management team that supported the
launch of two film companies with projected revenues
of $400 million.
Prior to joining Turner Broadcasting
Systems, Belzowski was vice president and corporate
controller at Orion Pictures Corporation and held various
financial positions at Twentieth Century Fox Film Corporation
and at Paramount Pictures Corporation. Belzowski began
his career at Ernst & Whinney where he was a senior
auditor. Belzowski is a Certified Public Accountant
in the state of California. In addition, he is a member
of the American Association of Certified Public Accountants
and the California Society of Certified Public Accountants.
About VitalStream, Inc.
VitalStream, Inc., a wholly-owned subsidiary
of VitalStream Holdings, Inc. (BULLETIN BOARD: VSTH)
, is a global provider of integrated content delivery
services that enable businesses to broadcast their digital
media and communications to worldwide audiences via
the Internet. The Company provides complete solutions,
including audio and video streaming, live event broadcasting,
media asset management, integrated web hosting and consulting
services, that seamlessly integrate with today's leading
streaming media technologies. To ensure a worldwide
reach, VitalStream engineered its award-winning content
delivery network certified for quality delivery in the
United States, Europe and Asia. For more information,
call 800-254-7554 or visit http://www.vitalstream.com/.
Forward Looking Statements
This news release contains forward-looking
statements made in reliance upon the safe harbor provisions
of Section 27A of the Securities Act of 1933 and Section
21E of the Securities Exchange Act of 1934. Actual results
may differ materially from those indicated by these
statements as a result of various important factors
including, but not limited to, slower than projected
growth in the demand for our services, technical or
security problems that injure our network or delivery
of services, failure to access sufficient transmission
capacity and other factors that are discussed in "Risk
Factors" and elsewhere in the Company's Annual
Report on Form 10-K and other documents periodically
filed with the SEC. The company undertakes no obligation
to update or revise such forward-looking statements
under any circumstances.
For further information, please contact:
Laura Hill, Director of Marketing of VitalStream, Inc.,
+1-949-417-2092, lhill@vitalstream.com.
SOURCE VitalStream, Inc.
Laura Hill, Director of Marketing of
VitalStream, Inc., +1-949-417-2092,lhill@vitalstream.com
http://www.vitalstream.com/
|
