VitalStream Holdings Seeks Approval for Reverse Stock Split

May 07, 2004

VitalStream Holdings, Inc., the parent company of VitalStream Inc., a provider of integrated content delivery and streaming media services, has announced that it will seek shareholder approval for a reverse split of its common stock at the company's annual meeting, scheduled for June 28, 2004. The company is seeking approval of a resolution that would allow its board of directors, in its discretion, to effect a reverse split within the range of one-for-four shares to one-for-eight shares prior to December 31, 2004. VitalStream currently has approximately 32 million shares outstanding. VitalStream provides solutions, including audio and video streaming, live event broadcasting, media asset management, integrated Web hosting and consulting services, that integrate with streaming media technologies.