--Onstream's Webcasting, iEncode and Digital Media Services to be Marketed
Worldwide by BT Conferencing--
POMPANO BEACH, Fla., Oct. 26 /PRNewswire-FirstCall/ -- Onstream Media
Corporation (Nasdaq: ONSM) an online service provider of live and on-demand
internet video, corporate web communications and content management
applications, and BT Conferencing, a division of BT Group plc, one of the
world's leading providers of communications solutions and services, today
announced an expansion of their business relationship with the signing of a
new webcasting, iEncode, and digital media services reseller agreement. In
addition, Onstream Media will be using BT Conferencing infrastructure and
services to support its operations.
The demand for multi-media audio, video and web communication solutions that
are integrated on a global level continues to grow despite today's economic
slowdown. In fact, the convergence of new web-based technologies, social
networking tools and smart telecommunications devices continues to reshape how
business gets done today and places Onstream Media's webcasting solutions and
digital media services squarely in the middle of this global shift in business
communications.
Under the strategic global reseller agreement, BT Conferencing will now be
offering Onstream Media's webcasting, iEncode and Digital Media Services to
its new and existing clients worldwide.
"Onstream Media is a proven leader in Internet broadcasting and digital media
services. Their comprehensive solutions make it easier for large and small
businesses to better leverage and manage their ever-growing digital assets and
communicate more effectively with their employees, customers and partners no
matter where they're geographically located," said Aaron McCormack, CEO of BT
Conferencing. "Expanding our existing relationship with Onstream Media will
enable us to extend our core product offerings to include streaming and
content management systems. We can easily scale with them as demand for
webcasting and digital media services continues to increase worldwide."
"BT Conferencing is one of the largest and well respected telecommunications
companies in the world. They understand the differences, business nuances and
sales techniques in various countries necessary to compete more effectively,"
said Randy Selman, President and CEO of Onstream Media. "We're pleased to
extend our long-standing partnership with BT Conferencing to offer the kind of
integrated, web-based, conferencing and multi-media solutions that many
multi-national businesses are looking for to communicate more effectively,
reduce their operating costs, and monetize their digital assets."
About BT:
BT is one of the world's leading providers of communications solutions and
services operating in 170 countries. Its principal activities include the
provision of networked IT services globally; local, national and international
telecommunications services to our customers for use at home, at work and on
the move; broadband and internet products and services and converged
fixed/mobile products and services. BT consists principally of four lines of
business: BT Global Services, Openreach, BT Retail and BT Wholesale.
In the year ended 31 March 2009, BT Group's revenue was 21,390 million pounds.
British Telecommunications plc (BT) is a wholly-owned subsidiary of BT Group
plc and encompasses virtually all businesses and assets of the BT Group. BT
Group plc (NYSE: BT) is listed on stock exchanges in London and New York.
For more information, visit http://www.bt.com/aboutbthttp://www.btplc.com/.
About BT Conferencing:
BT Conferencing was established more than 20 years ago and is now a leading
global provider of audio, video and web conferencing and collaboration
services.
BT Conferencing is based in the USA, EMEA and Asia Pacific and specializes in
the delivery of reliable, robust and innovative conferencing and collaborative
solutions and product hardware to some of the largest companies in the world.
The company offers tailor-made solutions to customers, whether they are major
global businesses or small enterprises.
With businesses now juggling to increase productivity, being more
environmentally aware and at the same time looking to improve the work-life
balance of its employees, conferencing and collaboration services provide a
cost effective and time saving solution.
For more information visit www.bt.com/conferencing.
About Onstream Media:
Onstream Media Corporation (Nasdaq: ONSM) is an online service provider of
live and on-demand internet video, corporate web communications and content
management applications. Onstream Media's pioneering Digital Media Services
Platform (DMSP) provides customers with cost effective tools for encoding,
managing, indexing, and publishing content via the Internet. The DMSP provides
our clients with intelligent delivery and syndication of video advertising,
streaming video, mobile streaming and supports pay-per-view for online video
and other rich media assets. The DMSP also provides an efficient workflow for
transcoding and publishing user- generated content in combination with social
networks and online video classifieds, utilizing Onstream Media's Auction
Video(TM) (patent pending) technology. In addition, Onstream Media provides
live and on-demand webcasting, webinars, web and audio conferencing services.
In fact, almost half of the Fortune 1000 companies and 78% of the Fortune 100
CEOs and CFOs have used Onstream Media's services.
Select Onstream Media customers include: AAA, Bonnier Corporation, Dell,
Disney, Georgetown University, National Press Club, PR Newswire,
Shareholder.com (NASDAQ), Sony Pictures, Televisa and the U.S. Government.
Onstream Media's strategic relationships include Akamai, Adobe, BT
Conferencing, eBay and Qwest. For more information, visit Onstream Media at
http://www.onstreammedia.com or call 954-917-6655.
For more information, please contact: Scott Farb, VP of Business Development
at 212-404-3431 or sfarb@onstreammedia.com.
Cautionary Note Regarding Forward Looking Statements
Certain statements in this document and elsewhere by Onstream Media are
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995. Such information includes, without limitation,
the business outlook, assessment of market conditions, anticipated financial
and operating results, strategies, future plans, contingencies and
contemplated transactions of the company. Such forward-looking statements are
not guarantees of future performance and are subject to known and unknown
risks, uncertainties and other factors which may cause or contribute to actual
results of company operations, or the performance or achievements of the
company or industry results, to differ materially from those expressed, or
implied by the forward-looking statements. In addition to any such risks,
uncertainties and other factors discussed elsewhere herein, risks,
uncertainties and other factors that could cause or contribute to actual
results differing materially from those expressed or implied for the forward-
looking statements include, but are not limited to fluctuations in demand;
changes to economic growth in the U.S. economy; government policies and
regulations, including, but not limited to those affecting the Internet.
Onstream Media undertakes no obligation to publicly update any forward-looking
statements, whether as a result of new information, future events or
otherwise. Actual results, performance or achievements could differ materially
from those anticipated in such forward-looking statements as a result of
certain factors, including those set forth in Onstream Media Corporation's
filings with the Securities and Exchange Commission.
Media Relations:
Chris Faust
FastLane
+1-973-226-4379
cfaust@fast-lane.net
Investor Relations:
Brett Maas
Hayden IR
+1-646-536-7331
brett@haydenir.com
SOURCE Onstream Media Corporation
Media: Chris Faust, FastLane, +1-973-226-4379, cfaust@fast-lane.net, or
Investors: Brett Maas, Hayden IR, +1-646-536-7331, brett@haydenir.com, both
for Onstream Media Corporation
