SOURCE: Itiva Digital Media

March 28, 2006 10:22 ET

Itiva Set to Raise Growth Capital

Kaufman Bros. Retained

PALO ALTO, CA -- (MARKET WIRE) -- March 28, 2006 -- Itiva Digital Media, developers of high definition Internet video delivery technologies and services, announced today that it has retained New York and San Francisco based investment banking firm Kaufman Bros., L.P. to assist the Company in raising growth capital.

"Itiva has a tremendous opportunity to be the leading provider of high quality video content over the Internet," said Itiva's President, Michel Billard. "Our technology has been well received by leading content and technology companies as we've crossed the United States. We are aggressively building to leverage this technology and successfully launch our products and services commercially this year, and rapidly grow our business."

Major technology vendors are currently testing a Beta version of Itiva's Quantum Streaming™. The company expects public applications to appear shortly, and make the product commercially available on September 1st, 2006.

About Itiva

Itiva Digital Media develops technologies that significantly and positively influence adoption of Video over the Internet by enhancing the viewer experience and making a strong business case for media companies and content developers. Founded in 2005 and headquartered in Palo Alto, California, Itiva technologies will be showcased by media companies in spring and summer of 2006, with commercial availability set for September, 2006. For more information, visit www.itiva.com.

Contact Information

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