Extreme Reach Secures Additional Funding from Greycroft Partners to Fuel Growth and...

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Tue Mar 24, 2009 10:44am EDT

Extreme Reach Secures Additional Funding from Greycroft Partners to Fuel
Growth and Expand its Media Network

NEEDHAM, Mass., March 24 /PRNewswire/ -- Extreme Reach, Inc. today announced
that it has secured investment from a leading digital media venture capital
firm, Greycroft Partners LLC.  Village Ventures and Long River Ventures, the
company's initial investors, also participated in the additional funding,
which will be used for product development, worldwide marketing and sales
efforts. Extreme Reach provides the first all-software platform that cost
effectively enables advertisers and agencies to deliver, manage and track
their commercial messages across all three screens of video - TV, Web and
mobile. 

In the first quarter, the company has signed several significant customers and
announced that its network has grown to include more than 1,000 TV stations
and cable stations in just 30 days. The network also includes more than 5,000
radio stations. 

"We invested in Extreme Reach because of its innovative approach to the media
business, strong management team, and proven ability to meet and exceed their
goals," said Alan Patricof, managing director of Greycroft Partners. "We look
forward to working with the company as they continue to expand their network
and make it easier for companies to deliver and track commercial messages
across all mediums." 

"We are very pleased with the response to our business and welcome the
additional investment from an esteemed group of venture capitalists," said
John Roland, Extreme Reach founder and CEO. "We have made it our number one
priority to help advertisers deliver their commercial messages quickly and in
the highest quality.  In doing so we have been able to attract several new
customers and grow our network to achieve critical mass in a short time. We
remain focused on customer service and will use the funds to improve our
product offerings, increase sales and deliver the service that customers
require to get their messages out to the world."

The power of Extreme Reach is in the breadth of its network across the entire
video ecosystem of clients, agencies, media, post houses, remote offices and
alternate destinations. Employing the best practices from social networking
and applying them to its business, the company's network invitation process
lets any member invite others to join.  By connecting all parties involved,
Extreme Reach has rapidly created an expansive business network that
simplifies the digital video workflow, is engaging, and allows members to take
ownership as it grows virally.

About Extreme Reach
Extreme Reach provides a video advertising management platform that connects
advertisers and agencies with thousands of media destinations and enables them
to manage, deliver and track their campaigns across all three screens of video
(TV, Web, mobile). The Extreme Reach SaaS platform is the only hybrid,
all-software solution that leverages state-of-the-art technology to provide
powerful ad streaming and ad delivery capabilities.  Extreme Reach is a
privately held, venture backed company led by an experienced team of
executives from the traditional and Interactive media industries. The
company's investors include: Greycroft Partners LLC.,
www.greycroftpartners.com, Long River Ventures, www.longriverventures.com, and
Village Ventures www.villageventures.com. Company headquarters are located in
Needham, Mass., with offices in New York and Louisville, Ky. For more
information, visit them on the Web at www.extremereach.com.

SOURCE  Extreme Reach, Inc.

Traci Massaro of TAM Public Relations, +1-978-255-1231,
tampublicrelations@comcast.net, for Extreme Reach, Inc.
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