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Narrowstep™ Inc Appoints
new CEO
Other Topics: IPTV Real-Time
Analyzer, IPTV Products
Narrowstep™ Inc
March 28, 2006
Cable Pioneer Joins Board
London/New York City -- Narrowstep™ Inc (OTC BB: NRWS), the TV on the
Internet Company, announced today that Stephen Beaumont, 49, has
been appointed Chief Executive Officer, effective immediately. He
replaces Iolo Jones, the Company’s visionary founder, who will
continue as Chief Strategy Officer and a member of the Board of
Directors. The Company also announced that cable pioneer Roger L.
Werner, Jr., 56, has joined its Board, increasing the number of
members to eight.
Stephen Beaumont Named CEO
Mr. Beaumont, who has over 20 years of experience running
international businesses, joined the company in October 2005 and was
recently appointed to Narrowstep’s Board. Prior to joining
Narrowstep, he held several executive management positions including
Area Director, Finance and Administration, for Europe, Africa, and
Middle East with Parker Pen; Managing Director, Eastern Europe,
Africa, Middle East and India for Gillette; and Senior Vice
President Europe, for Sanford, the writing instrument division of
Newell Rubbermaid. Most recently, in 2002, Mr. Beaumont took over
ESL plc’s bathroom division and as Managing Director, turned the
business around in preparation for its eventual sale last year. |
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Commenting on today’s announcement, Mr. Jones said, “I am proud to
have led Narrowstep through the early phases of its life, including
developing and commercializing our Internet-based video content
delivery products, successfully taking the Company public, raising
the funds necessary to fuel our expansion and assembling a
first-class management team. It is now time for me to turn control
of the day-to-day management of the Company over to the professional
managers we have put into place. I have every confidence that Steve
will be able to lead our company in the next phase of its
development while allowing me to concentrate my energies on the new
tools and technologies that make Narrowstep the leading provider of
Internet video applications.”
Roger L. Werner, Jr. Joins Board
Mr. Werner, a cable programming pioneer and seasoned network
executive, founded the Speedvision (now Fox’s “Speed Channel”) and
Outdoor Life networks and served as their President and CEO from
1995-2001. Launched in December 1995, Speedvision and Outdoor Life
achieved profitability in 2001 on combined revenue of over $100
million, and in July 2001 were sold to Fox and Comcast for a
combined $1.4 billion.
Mr. Werner has served as a special advisor to Narrowstep since
December 2005 and has assisted primarily in the development of its
marketing strategy and the presentation of the
Company’s business proposition to leading media organizations in
North America. Mr. Werner will continue to provide advisory services
to Narrowstep following his appointment to the Board of Directors.
Mr. Werner said, “Working with the Company over the past several
months I have become more familiar with its technologies and the
potential the Company’s products hold for media organizations around
the world. I am please to be joining the Board of Directors and look
forward to working more closely with management and the other Board
members to help the Company penetrate this potential marketplace.”
Commenting on today’s announcements, Mr. Beaumont stated, “Iolo
Jones has been instrumental in putting Narrowstep on a solid
foundation and I am grateful that he has agreed to continue his work
for the Company. I am excited about the opportunity to lead the
Company in its next growth phase and expect to capitalize on the
hard work of my predecessor and the early success we have had to
date. I am excited to be doing so with Roger onboard. He is a proven
television entrepreneur and we believe that his insights as an
experienced operator and broadcast executive will be invaluable as
we seek to grow our business.”
About Narrowstep™ Inc
Narrowstep™ Inc (OTC BB: NRWS) is a leading provider of
Internet-based video content delivery (TV on IP). Narrowstep’s
product and service offerings enable customers to distribute
channels of video-based content and provide related services over
the Internet. The Narrowstep system, telvOS™, enables comprehensive
delivery of video content and television-like programming to mobile,
wireless, Internet, broadband and broadcast services to clients
throughout the world. The Narrowstep system enables owners and users
of video content to reach audiences by “narrowcasting” – targeting
delivery of specific content to interested groups. To learn more,
visit
www.narrowstep.com.
Forward-looking Statement
Certain statements in this news release constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Such forward-looking statements involve known or
unknown risks, including those detailed in the Company’s filings
with the Securities and Exchange Commission, uncertainties and other
factors which may cause the actual results, performance or
achievements of the Company, or industry results, to be materially
different from any future results, performance or achievements
expressed or implied by such forward-looking statements. Readers are
cautioned not to place undue reliance on these forward-looking
statements, which speak only as of the date hereof.
For further information please contact Narrowstep, Andria Allan Tel:
+44 207 731 4242; or Jesse Deal (investors), Allen & Caron, 212 691
8087. |
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