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19/05/2003

Funding will help fuel Media 100 growth

Media 100, a leading provider of advanced media systems, have announced that Coghill Capital Management, have executed an agreement to invest $2.5 million in a new series of class A preferred shares, convertible into common stock.
The proceeds of the transaction will provide capital for the continued development and marketing of the Company's 844/X products and for general corporate purposes.
Media 100 develops award-winning advanced media systems for content design, enabling creative professionals to design highly evocative effects-intensive work on a personal computer.
Creative artists and content design teams around the world use Media 100's Emmy Award-winning solutions.
(GB)
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