Narrowstep(TM) Inc Appoints New Chief Financial Officer
December 07 2006 - 8:00AM
PR Newswire (US)
NEW YORK and LONDON, Dec. 7 /PRNewswire-FirstCall/ --
Narrowstep(TM) Inc (OTC:NRWS) (BULLETIN BOARD: NRWS) , the TV on
the Internet Company, announced that it has appointed Lisa
VanPatten, to the position of Chief Financial Officer, effective
immediately, replacing Jill Thoerle, who served as the Company's
interim CFO since July. This move continues to build on the
Company's plan to scale the business with a dynamic and progressive
team. Ms. VanPatten will report directly to David C. McCourt who
recently assumed the position of Chairman of the Board and interim
CEO of Narrowstep, Inc. Ms. VanPatten brings over a decade of
telecommunications industry financial and accounting experience to
Narrowstep. Most recently she served as Controller and VP of
Finance at NYSE-listed Vonage where she managed the Company's
financial, accounting and treasury function during its recent
period of explosive growth. Ms. VanPatten was also responsible for
the consolidation of eight international companies and was a key
member of the Sarbanes-Oxley compliance team where she helped
identify and document all internal control and procedure gaps.
Narrowstep, Inc. Chairman of the Board and interim CEO David
McCourt commented, "I'm excited that Lisa has joined the Narrowstep
team. I worked with Lisa at a previous company, during the
fast-paced stages of scaling a business. I know that she has the
right energy and the experience necessary to grow this very
exciting business. Her wide range of expertise with both
entrepreneurial and established companies and her extensive
industry knowledge suits Narrowstep well -- I look forward to
working with her again." Prior to Vonage, from 2003 to 2004, Ms.
VanPatten served as VP of Finance for Princeton Lightwave Inc, a
start-up where she assisted in the development of the new business
plan, including the implementation of a new accounting system, to
move the company into semiconductor manufacturing. From 2000-2003,
Ms. VanPatten served as the Director of Financial Planning and
Analysis at Nasdaq-listed RCN Inc, one of the first bundled
telecommunications services providers. While at RCN, she was
instrumental in implementing the processes, financial systems, and
reporting mechanisms necessary to scale a rapidly growing company.
Preceding her tenure at RCN, from 1998 to 2000, Ms. Van Patten
worked as Controller and Acting CFO at ViaGate Technologies Inc, a
pre-IPO start-up telecommunications equipment company where, along
with the CEO, she helped build the business plan and was part of
the money-raising team that resulted in a fully-funded business.
VanPatten holds a Bachelor of Science in Management, graduating Cum
Laude, from Rider University; she is also an accredited CPA in the
state of New Jersey. About Narrowstep(TM) Inc. Narrowstep(TM) Inc.
(OTC BB: 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, go to
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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