Advanced media-systems provider Media 100 is "actively seeking additional capital or a sale of all or part of its business", it has announced.

The company also warns: "If negotiations do not result in definitive arrangements in the short term, the company may be required to cease operations."

The company anticipates that this action "may involve a reorganization", and it "expects to make a more definitive announcement regarding whether or not such a transaction will occur within the next two weeks".

Media 100 added: "Our ability to continue to operate as a going concern was contingent upon the achievement of forecasted revenue growth from its product."

Media 100 admits it has not been able to "achieve appropriate revenues levels".