Onstream Media and All Mobile Video Expand Business Relationship
Onstream Media's New Webcasting Operations Center, at All Mobile Video's New York Facilities, Extends Transmission, Production and Mobile Services
POMPANO BEACH, FL – March 5, 2010 - Onstream Media Corporation ( OTC: ONSM), an online service provider of live and on-demand internet video, announced today that it has strengthened and expanded its eight-year business relationship with All Mobile Video, an integrated resource provider of mobile production and satellite services.
Based on a successful, long-term business alliance, Onstream Media has agreed to co-locate facilities in New York City to provide clients and prospects with greater, full-service video production, webcasting and Internet broadcasting solutions, including the use of AMV's fully equipped Hi-Definition studios, satellite trucks and highly-skilled technical production resources.
Randy Selman, President and Chief Executive Officer of Onstream Media, commented, "Our eight-year business relationship with All Mobile Video has been productive for both companies, resulting in a significant number of new webcasting customers. Together with All Mobile Video's management, we have decided to expand our relationship by co-locating key personnel and equipment in an effort to leverage the success we have had and maximize the combined technologies of the two enterprises. We believe this new relationship will result in a more robust offering for our customers and increased revenue opportunities for both organizations."
Lenny Laxer, Vice President of All Mobile Video, commented, "We remain committed to bringing our customers the highest level of technology and believe that Onstream Media's internet broadcasting capabilities will greatly expand our clients online and mobile phone visibility. Onstream Media shares this outlook and our relationship has been mutually beneficial."
About All Mobile Video:
All Mobile Video is the country's premier provider of end-to-end video and audio solutions for entertainment, sports, and news programming and events. They offer the full spectrum of services - from spacious Manhattan based sound stages with full postproduction capabilities to mobile production and editing trucks and extensive uplink solutions that travel worldwide- as well as an extensive equipment inventory that allows fully customized specs of any facility or location.
About Onstream Media:
Onstream Media Corporation ( OTC: 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 VideoT (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 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.
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.