VitalStream Appoints Former Paramount Executive Jack Waterman as CEO

VitalStream, Inc. (www.vitalstream.com), a streaming media solutions and global content delivery provider, today announced that its board of directors named Jack Waterman as the company's chief executive officer.

As CEO, Waterman will be responsible for the overall strategic direction and management of VitalStream, with a focus on furthering VitalStream's growth in the media, entertainment and advertising space, expanding the company into international markets, executing strategic transactions and increasing the company's visibility on Wall Street.

"VitalStream is a leading source for streaming media and content delivery solutions, with an ever-expanding customer base and important strategic partnerships," said Jack Waterman.

Prior to joining VitalStream, Waterman held senior executive positions during his 22-year career at Paramount Pictures Corporation. Most recently, he served for more than a decade at Paramount as president of Worldwide Pay TV, where his additional responsibilities included international channels, pay per view (PPV), video on demand (VOD) and airline and hotel sales.

Waterman oversaw a multitude of business relationships with leading entertainment companies including HBO, Starz, MTV, Nickelodeon, Kodak, Technicolor and Deluxe.

During his tenure, Waterman successfully oversaw the division's worldwide administration and operations, launched an in-house creative advertising, media planning and buying agency and was divisional CFO which included strategic planning and acquisitions.

"VitalStream's board selected Jack Waterman based on his deep and successful track record with leading digital entertainment companies, his strong relationships in the media space and his extensive involvement in creating and disseminating key strategic communications to the public on behalf of an established public company," said Philip N. Kaplan, VitalStream president and COO.

VitalStream, Inc., a wholly owned subsidiary of VitalStream Holdings, Inc. is a global provider of integrated content delivery services that enable businesses to broadcast digital media and communications to worldwide audiences via the Internet.

This news release contains forward-looking statements made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934.