VitalStream Acquires Playstream For $0.5 Million

VitalStream, a streaming media solutions and content delivery network, has acquired the business of PlayStream, a provider of small business streaming media services, headquartered in Seattle…

The joint company plans to offer an affordable, self-service platform perfectly suited for small and medium-size businesses (SMB), small and home office (SOHO) customers and resellers. During 2004, PlayStream generated positive net income from approximately $1.6 million in revenue…

The deal is valued at $500,000 in cash, 3.75 million shares of VitalStream and 200,000 warrants to purchase common stock at an exercise price of $1.35.

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