MediaXstream Closes $10 Million Series A Funding With Constellation Ventures & Columbia...

MediaXstream Closes $10 Million Series A Funding With Constellation Ventures &
Columbia Ventures
Specializing in High-Definition Network Services for Production and Broadcast

SAN JOSE, Calif., March 31 /PRNewswire/ -- MediaXstream, Inc., a new
venture that provides carrier-neutral, high-quality transport and managed
network services for the production and broadcast industries, today announced
that it has closed a $10 million Series A round of funding, led by
Constellation Ventures and joined by Columbia Venture Corporation.
MediaXstream specializes in the digital and High Definition formats demanded
by sports, TV and film production, news, mobile content, and IPTV.
"We're excited to have the opportunity to bring these services to market
on a fully-managed network platform dedicated to media," said Del Bothof, CEO
MediaXstream. "Our mission is to flexibly provide 100% QOS video networking
in a variety of native formats."
Kenneth D. Peterson, Jr., CEO of Columbia Ventures Corporation, remarked,
"We are delighted to be a strong supporter of MediaXstream, and we believe its
services will be enthusiastically welcomed in a market that has faced
dwindling choices. We look forward to assisting MediaXstream in the execution
of its vision and extending its presence in the marketplace."
About Columbia Ventures:
Columbia Ventures Corporation (CVC), headquartered in Vancouver,
Washington, is a multinational, entrepreneurial, private equity company,
primarily focusing on the telecommunications sector around the world. Other
CVC telecommunications investments include One Communications Corp., Hibernia
Atlantic, and Magnet Networks.
For more information on Columbia Ventures, please visit
http://www.colventures.com.
This news release contains forward-looking statements that involve risks
and uncertainties. Factors that could cause or contribute to such risks and
uncertainties include, but are not limited to, general economic and business
conditions, competition, changes in technology and methods of marketing, and
various other factors beyond MediaXstream's control.
SOURCE MediaXstream, Inc.

Matt Johnson, +1-303-717-2203, mjohnson@mediaxstream.tv