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Re: erythrite post# 1

Saturday, 01/24/2009 3:39:17 PM

Saturday, January 24, 2009 3:39:17 PM

Post# of 24
NetStairs® inks $10 Million Investment Banking Deal.
FORT LAUDERDALE, FLORIDA--(BUSINESS WIRE) – (May 31, 2006) -NetStairs.com®, Inc., an innovator of intelligent media ad-streaming and entertainment server, announced today that it has signed an investment banking agreement with Colebrook Capital, Inc. of New York city, an investment banking group focused on mergers and acquisitions and strategic financing.

"We are excited to work with a team of investment professionals who will assist NetStairs® in its $10M capital formation. They have proven Wall Street track record who share our passion equally. As the company seeks its next round of investment requirements, we continue to increase our share of market awareness and expand into new markets,"; said Ahmad Moradi, Ph.D., Chairman, and CEO of NetStairs.com, Inc.;Sales efforts have reached beyond the U.S. borders and into the European market. It is imperative to increase advertising, marketing, and sales expenditures. After CeBIT show in March 2006, followed by several interviews with leading publishers worldwide, we have learned that NetStairs® product positioning bridges video into mobile and portable media market, coupled with powerful extranet tools such as coupon management, empowers our clients with unparalleled protocols to track the impact of their advertisings through redemption stage at the point-of-sale. Such technology is a very persuasive tool for those who seek to manage their advertising budget as an investment,&qout; he added.

Although details of terms of the agreement have not been disclosed, the contract is a nonexclusive financial agreement and is subject to NetStairs approval. The company will seek additional investment advisory and capital resource planning in order to ensure that it will meet is projected goals and objectives.

http://www.netstairs.com/ns_home/press_room/10_million_investment_deal.html

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