Narrowstep Inc. (NRWS)

[john wayne]

I wouldn't be surprised to see it fall further. I still have a hard time finding bottom at times.

Thanks for the info.

[Rckhnd]

Be careful, they got slammed by a business partner.
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http://ih.advfn.com/p.php?pid=nmona&cb=1238388278&article=37008700&symbol=NB^NRWS

As disclosed in various previous filings with the Securities and Exchange Commission (“SEC’), including our Form 10-Q for the period ended November 30, 2008 and filed with the SEC on January 14, 2009, Onstream Media Corporation, a Florida corporation (“Onstream”) and Onstream Merger Corp., a newly formed Delaware corporation and a wholly owned subsidiary of Onstream (“Merger Sub”) had entered into an Agreement and Plan of Merger (the “Definitive Agreement”) with Narrowstep Inc., a Delaware corporation (“Narrowstep”) and W. Austin Lewis IV, as stockholder representative (for the Narrowstep stockholders), dated as of May 29, 2008 and which Definitive Agreement was subsequently amended on August 13, 2008 and September 15, 2008.


On March 18, 2009, based on a provision in the Definitive Agreement, Onstream terminated the Definitive Agreement and the acquisition of Narrowstep, Inc. Since the Effective Time, as defined in the Definitive Agreement (as amended), did not occur on or prior to November 30, 2008, the terms of the Definitive Agreement allowed that it might be terminated by either Onstream or Narrowstep at any time after such date under certain circumstances. Narrowstep is reviewing is rights and remedies under the Definitive Agreement and applicable law.
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[john wayne]

Wonder what happenned Friday. If that volume continues for a few days I might pick up a few shares. Thanks and best of luck.

[Rckhnd]

No, this one is too thinly traded, not enough volume.

[john wayne]

You still holding ths one Rck?

[nitetrak]

Yup..We popped but not as anticipated. Still holding.
nitetrak

[nitetrak]

It's time. Maintaining a nice upward channel over the last 6 months. Chart says we're due for a pop.

[nitetrak]

Narrowstep Inc. Reports Third Quarter Results for Fiscal Year 2007
THURSDAY, JANUARY 18, 2007 5:00 PM

LONDON and NEW YORK, Jan 18, 2007 /PRNewswire-FirstCall via COMTEX/ -- Narrowstep(TM) Inc. (NRWS) , the TV on the Internet Company, announced its financial results for the third quarter of fiscal 2007 ended November 30, 2006. Revenue for the quarter was a record $1,649,585, an increase of 112% compared to $778,737 for the third quarter of fiscal 2006 and 5.2% as compared to the second quarter. Revenue for the nine months ended November 30, 2006 was $4,362,475, an increase of 131% compared to $1,888,974 for the nine months ended November 30, 2005. The increase in revenue was primarily driven by an increase in Narrowcasting and related activities. Revenue for the three months ended November 30, 2006 for this business segment was $1,163,968, an increase of 116% compared to $539,692 for the three months ended November 30, 2005.

Gross Profit as a percentage of revenue increased to 67% in the third quarter versus 61% in the second quarter and 41% in the third quarter of the prior year. This is due primarily to the growth of the higher margin Narrowcasting business which accounted for 71% of total revenue in the quarter ended November 30, 2006, compared to 69% in the quarter ended November 30, 2005.

Net Loss for the quarter ended November 30, 2006 was $1,373,694, or $0.03 per share, versus a net loss of $1,389,187, or $0.04 per share, for the quarter ended November 30, 2005 while the net loss for the first nine months of fiscal 2007 was $3,829,086, or $0.08 per share, compared to $3,366,499, or $0.11 per share, for the same period last year.

David C. McCourt, Chairman and interim CEO of Narrowstep, commented on the earnings release, stating "Narrowstep is a solid company with what we believe is the best operating system on the market today for content owners who wish to deliver the best of TV and the best of the web. Narrowstep is committed to building the infrastructure necessary to scale our operations and technology."

Narrowstep expects to attain profitability by streamlining existing costs, growing revenue and investing in technology. Management believes that these efforts will allow the company to continue to provide what they believe is the best opportunity for customers to monetize their content, while offering a superior end-viewer experience.

Commenting on the recent changes in senior management, David McCourt stated "The Board of Directors determined that new senior management was necessary in order to enable Narrowstep to scale up its operations and achieve its longer term growth objectives. As an active investor in the company combined with my more than 25-year history in successfully growing companies at similar points in their life cycles, the Board asked me to take responsibility for the development and implementation of the Company's strategic and operational plans. I have moved quickly to install individuals with proven track records of successfully scaling companies into senior management positions. I believe that Narrowstep has world-class products. I am confident that these management changes will enable the Company to leverage those products into future growth for the ultimate benefit of our stockholders."

[nitetrak]

About Narrowstep Inc. (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 enable the most comprehensive delivery of video to mobile, wireless, Internet, broadband, video-over-IP and entirely new IP-delivered broadcast services.

[nitetrak]

Bill Gates has spoken. Jumped into this one today. After hearing Bill Gates's comments on how the Internet will take over TV on airing content with the merging of PC's and TV.
This is the best play I could find.

http://news.com.com/Gates+Internet+to+revolutionize+TV+in+5+years/2100-1041_3-6154009.html

[Rckhnd]

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