FORT LAUDERDALE, FLORIDA. USA (BUSINESS WIRE) (August 25, 2005) NetStairs.com Inc., an innovator in providing intelligent middleware media & entertainment communications and broadcast solutions, announced the completion of its first $3 Million capital infusion. "Of our planned $10M Private Placement, I am pleased to announce the completion of the first $3 Million equity raise." said Richard Paull MBA, CFO, of NetStairs.com, Inc. "Prior to our IPO, we require $7 million of additional capital, in order to file our registration statement with the Securities and Exchange Commission", he added.
NetStairs plans to schedule its annual stockholder meeting on October 28th in Amsterdam, Netherlands at Hilton Hotel (Schiphol Airport) at 11:00 AM. About NetStairs.com, Inc. NetStairs.com®, founded in March 2000, is a privately held corporation. NetStairs is a clientcentric solutions provider of a reliable, scalable, and secure platform for media and entertainment streaming servers without the cost of building out infrastructure. Specifically, NetStairs is serving businesses with pay-per-click (PPC), on-demand media push-pull application delivery, advanced content delivery, extranet tools, and services that make distribution and management of advertising and media steaming more cost effective. NetStairs is the exclusive worldwide supplier of IV~8® ad-servers, Cybermercial® video e-mail system, FlexiView® technology, e-iV8® on demand movie server and intelligent streaming gateway.Visit us online at www.netstairs.com and www.netstairs.com/Sales.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve certain risks and uncertainties including but not limited to risks associated with the uncertainty of future financial results, additional financing requirements, development of new products, government approval processes, the impact of competitive products or pricing, technological changes, the effect of economic conditions and other uncertainties detailed in the Company's filings with the Securities and Exchange Commission.
NetStairs.com®, Inc.
Investor Relations Contact:
Kevin Quin
954-229-5099
