Narrowstep(TM) Inc Appoints New CEO; Cable Pioneer Joins Board
March 28 2006 - 5:05PM
PR Newswire (US)
LONDON and NEW YORK, March 28 /PRNewswire-FirstCall/ --
Narrowstep(TM) Inc (OTC:NRWS) (BULLETIN BOARD: 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. 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(TM) Inc Narrowstep(TM) Inc
(OTC:NRWS) (BULLETIN BOARD: 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(TM), 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 http://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;
Email: , or Jesse Deal (investors), Allen & Caron, 212 691
8087; Email: . DATASOURCE: Narrowstep Inc CONTACT: Andria Allan of
Narrowstep Inc. +44 207 731 4242; ; or Investors, Jesse Deal of
Allen & Caron, +1-212-691-8087, , for Narrowstep Inc Web site:
http://www.narrowstep.com/
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