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Based in El Segundo, CA, PureVideo Networks, Inc. is a new media and technology company that enables the discovery and promotion of video online. Funded by Softbank Capital, the Company was founded in May 2005, as an early pioneer of the user-generated video revolution. PureVideo Networks' sites are supported by advertising, subscriptions, and content syndication to a broad distribution network that includes Microsoft, Yahoo, Sony, AOL, Helio, Comcast and others. The Company's vertical destinations also provide a safe and targeted environment for major brand advertisers looking to harness the power of user-generated content. Every month, PureVideo Networks' properties of wholly-owned and operated sites stream approximately 50 million videos to over 13 million visitors. PureVideo Networks' family of sites is ranked 60th among all entertainment destinations in the US and the Company was among the Internet's top ten gaining properties in February, 2007 (comScore, March 2007). PureVideo Networks was recently named to the 2007 AlwaysOn OnHollywood 100 list, a power list of the top 100 private digital entertainment and media companies, based on innovation, market potential, customer adoption, media buzz and investor value creation.