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Onstream Media Introduces Flash Webcasting in H.264 Video With Synchronized Slides for Google Android(TM) Mobile Devices(November 30, 2010)
POMPANO BEACH, FL -- (Marketwire) -- 11/30/10 -- Onstream Media Corporation (NASDAQ: ONSM), a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology, today announced a premium Flash webcasting service for the now industry-leading Google Android smartphone platform. This full-featured, solution offers business users a seamless, uninterrupted webcasting experience.
Between July 1 and September 30 of this year in the United States, manufacturers have installed the Android mobile platform on 9.1 million smartphones (according to technology research firm Canalys), giving Android a 43.6 percent market share during the period, and a 25.1 percent global market share among smartphone operating systems.
The Onstream Media Flash webcasting product for Android smartphones includes a number of advanced features that empower business users with a streaming-video platform they can use to effectively communicate with customers, prospects, partners and employees. The new application supports live and on-demand Flash webcasting and includes embedded video, animation, and PowerPoint slides -- with transitions. It is firewall friendly and offers very low latency factor for seamless, uninterrupted broadcasting to an unlimited number of concurrent users.
In addition to delivering webcasts to Android based mobile users, the new Flash-based webcasting solution enhances the company's traditional on-line webcasting service to existing clients as well as opens up a new market for Onstream Media with enterprise customers.
"The Android mobile platform is experiencing strong growth right now in the marketplace, and likewise, H.264 has become the preferred online video standard for mobile consumers today," said Randy Selman, CEO of Onstream Media. "Having recognized this ever-increasing demand, we have developed this flexible, scalable and affordable Flash-based webcasting application to address this need. We believe there will be significant demand for this new premium priced webcasting product for the business community and expect that it will immediately result in customer growth and revenue in our webcasting division."
Now in beta, the Flash-based webcasting service will be generally available in the next 30 days and is compatible with all operating systems including Mac, PC and Linux, providing a more seamless experience for users of Internet Explorer, Firefox, Safari, and Opera web browsers.
About Onstream Media:
Onstream Media Corporation (NASDAQ: ONSM) is a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology. Onstream Media's innovative Digital Media Services Platform (DMSP) provides customers with cost-effective tools for encoding, managing, indexing, and publishing content via the Internet. The company's MarketPlace365 solution enables publishers, associations, trade show promoters and entrepreneurs to rapidly and cost effectively self-deploy their own profitable, online virtual marketplaces. In addition, Onstream Media provides live and on-demand webcasting, webinars, and web and audio conferencing services. To date, 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, Dell, Disney, Georgetown University, National Press Club, PR Newswire, Shareholder.com (NASDAQ), Sony Pictures and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, BT Conferencing, Qwest and Tradeshow News Network (TSNN). For more information, visit Onstream Media at www.onstreammedia.com or call 954-917-6655.
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 by 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.
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