Avail Media, Inc. Completes Venture Financing Round

Columbia Capital, Novak Biddle, Pioneer and Valhalla Invest $25 Million

Total in Leading IPTV Provider

    RESTON, Va., Nov. 29 /PRNewswire/ -- Avail Media, Inc., a provider of
 IPTV and advanced media services to broadband operators, today announced it
 has closed the final tranche of a $25 million Series B equity round. First
 time investor Valhalla Partners joined Columbia Capital, Novak Biddle
 Venture Partners, and Pioneer Ventures in the round.
 
     The financing, along with $5 million in debt financing from a strategic
 investor and Silicon Valley Bank, brings the total capital raised this year
 to $30 million, which will provide Avail Media with sufficient resources to
 execute on its vision, create value-added services, and effectively
 position its customers for success in the market.
 
     "Having built out its corporate and technological infrastructures,
 Avail Media has made significant strides in supporting its expanding
 customer base. Avail's ability to bring telecom, cable, and Internet
 service providers cost- effective, customizable IPTV technology quickly and
 seamlessly is unmatched in this emerging space. There is tremendous market
 opportunity here and under the direction of its experienced, highly
 respected management team, Avail is well positioned to be a key player in
 the industry," said Art Marks, general partner, Valhalla Partners and Avail
 Media new board member.
 
     Led by CEO Ramu Potarazu, former CEO of Broadstream Communications and
 COO of Intelsat, Avail Media provides managed content services and
 technologies through a fully integrated head end infrastructure for the
 profitable deployment of IP video. Avail offers providers an ease of
 execution and a speed to market beyond any possible self-built system by
 continually adding new features and functionalities to its service
 offerings.
 
     "We've made some significant advances this year which indicate that
 2008 will be a year of continued expansion and productivity for us. First,
 our customer installation rate is already exceeding expectations. Second,
 because we operate the only MPEG 4 linear and video on demand (VOD)
 platform, we have an excellent foundation upon which to build value added
 services," said Ramu Potarazu, CEO, Avail Media. "Valhalla brings
 additional industry and operating experience as well as critical resources
 within their team which will be valuable during this growth phase,"
 Potarazu added.
 
     Avail Media was founded in early 2007 as the result of the merger
 between Auroras Entertainment and Broadstream Communications. In September
 2007 Avail acquired VOD programming supplier ViewNow, giving Avail the
 distinction of having the only full end-to-end solution with VOD and linear
 capabilities.
 
     About Avail Media, Inc.
 
     Founded in early 2007, Avail Media is the emerging leader in providing
 managed content services and technologies delivered through a fully
 integrated head end infrastructure, for the profitable deployment of IP
 video. Through a combination of best-of-breed technologies Avail Media
 offers a complete end- to-end platform to serve a broad array of customers.
 Avail Media possesses a large content rights library of over 300 channels
 from national programmers, including premier content from programmers such
 as ABC-Disney, Turner, NBC- Universal, MTV Networks, Fox Networks,
 Discovery, and many others. Avail Media now offers the broadest and deepest
 set of services, technologies and solutions among its competitors. For more
 information, please visit www.availmedia.net.
 
 
 

SOURCE Avail Media, Inc.