LONDON and NEW YORK, Aug. 14 /PRNewswire-FirstCall/ -- Narrowstep(TM) Inc (OTC:NRWS) (BULLETIN BOARD: NRWS) , the TV on the Internet Company, announced that it has been awarded a project by Madrid-based Terra Networks Asociadas, a global Internet group operating some of the most popular Web sites in the United States, Spain and Latin America that target Spanish-speaking customers. Using the Company's proprietary Television Operating System(TM) (telvOS(TM)), Terra plans to start a new Internet TV service that will commence with dedicated TV-over-IP channels for Spain and Peru. Narrowstep CEO Steve Beaumont commented, "We are delighted to be working with Terra to help deliver their new internet TV service. This is a true endorsement of telvOS and we look forward to a progressive relationship." About Narrowstep(TM) Narrowstep(TM) Inc (OTC:NRWS) (BULLETIN BOARD: NRWS) is a leading global provider of broadband TV services (TV over IP). Narrowstep's offering empowers content owners, such as national broadcast/cable networks, niche program producers, and small start up businesses, with a cost-effective platform to manage sophisticated commercial video and audio channels over the Internet. The Narrowstep system, telvOS(TM) (Television Operating System(TM)), is the most comprehensive solution that controls all aspects from encoding to playout all from an easy-to-use, centrally-operated, web-based solution. To learn more, visit http://www.narrowstep.com/. For more information contact: Jesse Deal (Investors) Allen & Caron Tel: 212.691.8087 Email: DATASOURCE: Narrowstep Inc CONTACT: Investors, Jesse Deal of Allen & Caron, +1-212-691-8087, , for Narrowstep Inc Web site: http://www.narrowstep.com/

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