McCourt Assumes Chairmanship of Narrowstep(TM) Inc.
December 01 2006 - 5:27PM
PR Newswire (US)
NEW YORK and LONDON, Dec. 1 /PRNewswire-FirstCall/ --
Narrowstep(TM) Inc. (OTC:NRWS) (BULLETIN BOARD: NRWS) , the TV on
the Internet company, announced that David C. McCourt, has been
appointed Chairman of the Board and will also act as interim CEO.
McCourt succeeds Steven Beaumont who has stepped down from his role
with Narrowstep, Inc. to pursue other opportunities. McCourt is the
founder, Chairman and CEO of Granahan McCourt Capital, LLC, a
private investment firm focused on investments in the
telecommunications and media industries. Granahan McCourt was the
lead investor in Narrowstep's February 2006 equity financing. For
more than 25 years, Mr. McCourt has been an entrepreneur, investor
and business leader in the telecomm and media industries. During
his career, McCourt has founded or bought ten companies in four
countries in North America and Europe and has spearheaded a variety
of financial transactions exceeding $7 billion. McCourt is widely
recognized as a transformational force in the telecommunications
business. The Economist described him as having "incredible
credentials as a telecom revolutionary." Today Mr. McCourt sits on
the boards of The National Advisory Board of J.P. Morgan/Chase, the
North American Advisory Board of the Michael Smurfit Graduate
School of Business at University College, Dublin, the Board of
Overseers of the Robert Wood Johnson Medical School of the
University of Medicine and Dentistry of New Jersey, American Irish
Historical Society, and the Societe de Louvre, Paris. David McCourt
said, "I'd like to thank Steve for his dedication and commitment to
the company. He was instrumental in bringing Narrowstep to the next
level. We all wish him continued success and wish him well in his
future endeavours. Narrowstep is on a continued path to becoming
the innovator of the IP industry, and we look forward to our
continued focus on customer service and technology development."
About Narrowstep(TM) Narrowstep(TM) Inc. (OTC:NRWS) (BULLETIN
BOARD: NRWS) , the TV on the Internet company, is a leading global
provider of broadband television services. Narrowstep's proprietary
technologies and customer-focused services enable TV channels to be
delivered over the Internet. 100+ companies worldwide have chosen
Narrowstep because it offers the most television-like and true
community building broadband experience. The company's telvOS(TM)
(Television Operating System(TM)) and nBed(TM) technologies enables
the most comprehensive delivery of video to mobile, wireless,
Internet, broadband, video-over-IP and entirely new IP-delivered
broadcast services. For more information, visit
http://www.narrowstep.com/ or call 212-404-1400. For further
information please contact: Jesse Deal Cynthia Cooper Allen &
Caron Narrowstep Inc. 212-691-8087 212-404-1860 DATASOURCE:
Narrowstep Inc. CONTACT: Jesse Deal of Allen & Caron,
+1-212-691-8087, , for Narrowstep Inc.; or Cynthia Cooper of
Narrowstep Inc., +1-212-404-1860 Web site:
http://www.narrowstep.com/
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