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FOR IMMEDIATE RELEASE 13 April 2004 PalTalk Secures
$6MM In Venture Funding from Softbank Capital Partners Capital
to be used for Business Expansion New York
April 13, 2004 - PalTalk, a leading provider of live voice and
video communications over the Internet has raised $6MM in
financing from Softbank Capital Partners. PalTalk also
announced that Mike Perlis, Managing Partner of Softbank
Capital Partners, has joined the Board of Directors. equity income funds
PalTalk enables many-to-many multimedia (text, voice and
video) conferencing over the Internet for groups up to 1, 000
people. The company has over 3 million active users and has
been cash-flow positive for over 2 years. The management
announced that the capital will be used to substantially expand
PalTalk s business increase sales and marketing
efforts, fund new product development initiatives, and support
the company s entrance into new markets. capital casebook equity
We are delighted to have venture capitalists of this
caliber help us build the company, said Jason Katz, CEO
and founder of PalTalk. We plan to aggressively grow the
company and the technology so we can continue to provide the
best voice and video communications on the Internet. private investment in public
Softbank Capital Partners is pleased to be leading the
financing of PalTalk s latest round, said Mike
Perlis, Managing Partner of Softbank Capital Partners.
PalTalk is a compelling investment because they have
developed a market leading technology that enables any Internet
user to have instant access to video conferencing. In addition,
the company has a proven business model; this latest round of
funding will enable them to continue growing the business and
build upon their existing success equity mutual funds
About Softbank Capital Partners
SOFTBANK Capital Partners (SBCP) is a private equity group
that focuses on later-stage investments in technology based
companies. SBCP s fund was launched in July 1999 and has
made numerous investments in e-commerce, software, financial
services and digital media and marketing companies. SBCP
focuses on investments where dramatic growth and market
leadership may be achieved through its active involvement. The
investment team leverages their deep and diverse operating and
investment experience as well as SOFTBANK s global
network of operating companies, investments and other private
equity fund affiliations to help each portfolio company achieve
success. We aggressively manage the existing portfolio of
investments as well as continually evaluate new opportunities
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About PalTalk
PalTalk is a New York-based, privately held company that
produces software enabling voice conferencing (VOIP), video
conferencing, instant messaging, voice e-mail and video e-mail
over the Internet. PalTalk was founded in June of 1998 and was
the first company to launch video and voice combined with an
on-line buddy list in one package. PalTalk also interoperates
with AOL Instant Messenger, Yahoo messenger and ICQ. PalTalk
currently has 25 million total registered users in over 140
countries and provides over 8 billion voice minutes per year.
PalTalk has relationships with IBM, AT T, CyberTrader (A
Charles Schwab Company), DeltaThree, Doubleclick, Valueclick,
and Advertising.com. private equity investment firm
Vonage VoIP Forum - Vonage(R) Announces Partnership With
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Vonage, VoIP
Vonage Voip Forum Vonage(R) Announces Partnership With
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EDISON, NJ, July 7- Vonage, the leading
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partnership with Paltalk to resell broadband telephony service
to its subscriber base within the U.S., Canada and the U.K.
Paltalk is the largest Instant Chat (IC) community on the
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Paltalk will partner with Vonage to deploy an affordable
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By launching our agreement with Paltalk, Vonage proves
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Joel Smernoff, Paltalk s, chief operating officer,
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About Vonage(R) equity private team wyoming
Vonage has pioneered the broadband phone industry; setting
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winning service is sold on the web and through national
retailers like SAM s Club, RadioShack, Best Buy, Circuit
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Vonage Holdings Corporation is headquartered in Edison, New
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Vonage(R) is a trademark of Vonage Marketing, a subsidiary of
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About Paltalk capital development equity
Paltalk is a privately-held company revolutionizing how
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company is dedicated to providing the best quality video and
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Paltalk started in early 1998 with a simple goal of
providing audio and video messaging. In December 1998, Paltalk
was the first company to provide live voice communication
coupled with an instant messaging buddy list. This enabled its
customers to easily speak with their friends and family
anywhere in the world, all for free. Since then, the company
has continually added new innovative features including group
video sharing, voice conferencing, and file transfers contact equity private wyoming
www.vonage-forum.com is not an official Vonage website
is independently operated. All logos and trademarks are
property of their respective owners. All comments are property
of their posters. All other www.vonage-forum.com content is
Copyright 2002 - 2006 by 4Sight Media LLC. Contact
Info agreement equity investment
Mossberg s Mailbox -- Personal Technology from The Wall
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Mossberg s Mailbox -- Personal Technology from The
Wall Street Journal Side Navigation
October 6, 2005
Scratches Mar New iPod s Beauty
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