LOS ANGELES, CA, (NAMC) – Provider of IP delivered video content, Narrowstep (OTCBB:NRWS) have signed definitive agreements that would give the company $7.4 million in financing.

This financing deal consisted of over 12.3 million shares being sold to investors at a purchase price of 60 cents as well as five year warrants that give investors the ability to purchase an additional 12.3 shares on a scale, half at 60 cents and half at $1.20.

The company has already received $5.84 million, the lead investor was Granahan McCourt Capital, LLC and MicroCapital, LLC,  the placement agent was. Dominick & Dominick, LLC.

For more information go to www.narrowstep.com

Narrowstep closed at $1.35 on Wednesday.

David Kingston
Los Angeles News Correspondent
NAMC Newswire
www.namcnewswire.com

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