Myrio Appoints Richard King as Vice President of Finance

Bothell, WA - Myrio Corporation, a leading provider of IP video software and services, today announced the appointment of Richard King as vice president of finance. King will oversee all of Myrio’s global financial operations and will report directly to Chris Coles, Myrio’s president and CEO.

King brings to Myrio over 15 years of experience in implementing financial strategies for leading technology companies including Corbis, Nokia, Inc. (NYSE: NOK), and Cisco Systems, Inc. (Nasdaq: CSCO).

“Richard’s extensive experience in finance and management with hardware and software telecommunications companies will be an asset to our management team as we continue to expand globally,” said Coles. “He joins Myrio at a time when IP video deployment is gaining momentum worldwide. We look forward to utilizing his leadership to capitalize on this wave.”

King was the controller at Corbis where he spearheaded an internal project to replace the financial systems that enable the back office infrastructure to support continuous global sales expansion in various markets including Paris, London, Hong Kong, Germany, Malaysia, and Japan. Additionally, King has extensive high technology startup experience serving in senior roles as accounting manager, controller and chief financial officer for one successful IPO, a successful acquisition by Nokia and a successful acquisition by Cisco Systems. He has also held senior positions within Cisco FP&A section as finance controller and as world wide cash manager responsible for the global cash position and overnight investments within the Cisco Treasury Team and as Director of Finance, Controller within Nokia’s Venture Division.

“Since its establishment, Myrio has been successful in executing its financial strategy, positioning the company well for continuous global growth,” said King. “Myrio is achieving tremendous growth in sales due to its reputation and experience in deploying flexible IP video solutions to broadband service providers around the world. Joining the company at this time will allow me to focus on providing my financial expertise to the management team and build the infrastructure to further expand Myrio’s global reach.”

About Myrio

Myrio is a leading provider of software, content and integration services that enable new video revenue opportunities for broadband operators by leveraging their infrastructures. Myrio’s IP Video Platform consists of Myrio Interactive TM, a full-featured end-user application enabled via a set-top box, and Myrio TotalManageTM, a back-office subscriber and content management solution. Myrio's products and expertise enable operators to deploy more quickly and offer their subscribers a full range of IP-based digital television and on-demand entertainment while lowering the total cost of ownership through operational efficiencies and hardware choice. A pioneer in the industry, Myrio has commercially deployed its products to operators throughout the United States, and is conducting customer trials internationally as well.

Myrio is a privately held corporation funded by Ridgewood Capital, NeoCarta Ventures, Alexander Hutton Venture Partners and Siemens Venture Capital. For more information, please visit Myrio's web site at www.myrio.com.