VitalStream Appoints Vice President and General Counsel; Arturo Sida Brings Over 19 Years of Corporate Law and Finance Experience.Business Editors/High-Tech Writers IRVINE, Calif.--(BUSINESS WIRE)--Sept. 16, 2003 VitalStream Inc. (OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). :VSTH), a worldwide leader in digital broadcasting Digital broadcasting is the practice of using digital data rather than analogue waveforms to carry broadcasts over television channels or assigned radio frequency bands. It is becoming increasingly popular for television usage (especially satellite television) but is having a solutions, today announced the appointment of Arturo Sida SIDA Syndrome d'immunodeficience acquise, French for AIDS, see there as Vice President and General Counsel. Sida brings nearly 20 years of experience in corporate law and finance. In his position at VitalStream, Sida will work closely with senior management on major legal and regulatory issues and provide day-to-day legal advice. He is expected to play a leading role in any future high-level transactions such as mergers and acquisitions, financings and strategic alliances. In addition, he will oversee a wide range of responsibilities, including preparation of various transactional agreements with customers, vendors and other technology partners. "Art Sida will help VitalStream stay ahead of the complex laws and regulations facing the digital broadcasting industry," said Paul Summers Paul G. Summers (born March 28, 1950) served as attorney general of the state of Tennessee, United States, from 1999 through September 2006. He previously served as a Judge of the Court of Criminal Appeals (1990–1999) and as a District Attorney. , VitalStream chief executive officer. "He represents a natural evolution in VitalStream's overall growth and is a valuable addition to our executive team that will help protect the company's bottom line." Prior to VitalStream, Sida was Vice President, Legal Affairs at AmerisourceBergen Corp., a NYSE-listed Fortune 100 company, where he managed the legal department at the largest pharmaceutical distributor in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Prior to AmerisourceBergen, Sida was Senior Attorney at technology company MAI MAI Mail (File Name Extension) MAI Multilateral Agreement on Investment MAI Maius (Latin: May) MAI Ministerul Administratiei si Internelor (Romanian) Systems Corp. Before that, he was a Corporate Associate at LeBoeuf, Lamb, Greene & MacRae, a 750-lawyer international law firm based in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of . Sida earned his Juris Doctor The degree awarded to an individual upon the successful completion of law school. Juris doctor, or doctor of Jurisprudence, commonly abbreviated J.D., is the degree commonly conferred by law schools. degree from the University of California, Berkeley The University of California, Berkeley is a public research university located in Berkeley, California, United States. Commonly referred to as UC Berkeley, Berkeley and Cal , after earning his Bachelor of Arts degree from Stanford University Stanford University, at Stanford, Calif.; coeducational; chartered 1885, opened 1891 as Leland Stanford Junior Univ. (still the legal name). The original campus was designed by Frederick Law Olmsted. David Starr Jordan was its first president. . He is a member of the State Bar of California. The appointment of Sida to VitalStream is part of a continuing effort to round out the company's executive team. VitalStream recently appointed Michael Linos as Vice President of Sales with the goal of enhancing its prospects for top line growth. Linos was formerly Vice President, Sales at NTT/Verio. About VitalStream Inc. VitalStream, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of VitalStream Holdings Inc. (OTC:VSTH), 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 See streaming video and video stream. , 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 Web site at www.vitalstream.com. Forward-Looking Statements This 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 the company's revenue may continue to decrease on a quarter over quarter basis because of a slower than projected growth in the demand for digital broadcast and streaming services, 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's operational efficiency may not continue to improve, the risk that the company may be unable to obtain 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 Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 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. Note to Editors: VitalStream is a registered trademark of VitalStream Inc. All other trademarks are property of their respective holders. |
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