Lindenhurst, NY – According to filings with the U.S. Securities and Exchange Commission, Vectormax is raising $30,000,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Thomas Pragias played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Vectormax

VectorMAX provides a one-of-a-kind carrier-grade software solution at a fraction of the cost of other alternatives. Our IPTV software based multicast offers a quick and cost-effective pathway to IPTV thereby avoiding the complexities of traditional hardware solutions.

To learn more about Vectormax, visit http://www.vectormax.net/

Contact:
Thomas Pragias, Chief Executive Officer
516-672-2505

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