Onstream Media Announces New
Microsoft® Silverlight Webcasting Service
POMPANO BEACH, FL – August 22, 2008 – Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and on-demand digital media communications and applications, today announced that its Visual Webcaster platform will support Microsoft® Silverlight™ effective with the next version of Visual Webcaster scheduled for release in October, 2008. Silverlight is a cross-browser, cross-platform, and cross-device plug-in for delivering the next generation of media experiences and rich interactive applications for the Web. Silverlight is the technology currently supporting NBC’s online video coverage of the Olympic games in Beijing, China. Onstream is integrating the Silverlight technology with its leading Visual Webcaster platform, which already supports Windows Media, Real Media, QuickTime and Flash. Silverlight adds the functionality and flexibility of making the webcasts compatible with virtually any online device, including Apple based products, such as the Mac and all PC based systems. Randy Selman, Onstream’s CEO stated, “Onstream is committed to providing our growing customer base with the most robust and technologically advanced experience possible. We were eager to add Microsoft Silverlight, to our existing platform to enable faster startup and cross platform capabilities, and to provide the proven high video quality of Microsoft Windows Media technology. The addition of the Silverlight technology will further solidify the capabilities of our Visual Webcaster platform.” Microsoft stated in a recent press release, that they are experiencing, “an average of 1.5 million daily downloads of the Silverlight plug-in, and growing.” Adoption of Silverlight around the world continues to accelerate momentum providing compelling online media experiences for consumers. As a result of the success of NBC’s online video service at NBCOlympics.com, millions of online viewers have downloaded the Silverlight application and are now able to view any Silverlight based video content. In addition, the Silverlight technology will also be integrated into Onstream Media’s Digital Media Services Platform. About Onstream Media: Select Onstream Media customers include: AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Disney, National Press Club, NHL, MGM, PR Newswire, Televisa, BT Conferencing, Shareholder.com (NASDAQ), and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, eBay, FiveAcross/Cisco and Qwest. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655. Media Relations: Investor Relations: 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. |