POMPANO BEACH, Fla., Feb. 7 -- Continuing to build on its commitment to the government sector, Onstream Media Corporation ( OTC: ONSM - News) today announced it has been awarded a five year Government Services Administration (GSA) Schedule contract #GS-35F-0211S, effective immediately. This contract provides a purchase mechanism for government agencies to directly procure the company's digital media service applications easily and affordably. The Onstream Media services are available through the GSA Federal Supply Service (FSS) Information Technology Schedule. They include Onstream Media's Digital Media Service Platform, webcasting, web conferencing, encoding and audio and video collaboration and bridging. GSA's Federal Supply Service manages the largest, most diverse and innovative federal marketplace in the world, bringing hundreds of thousands of federal customers together with its contractors. "We are excited to have been awarded a contract from GSA," said Randy Selman, President and CEO of Onstream Media. "Onstream Media is proud to join GSA in its commitment to simplifying the acquisition process. Our products are already utilized by several state and federal agencies that include the Federal Reserve, Department of State, The House of Representatives, Department of Homeland Security, and the Department of Veterans Affairs, confirming that Onstream Media is well-positioned to address the unique needs of the government sector. As a result the GSA FSS contract should further enhance and strengthen our government relationships." About Onstream Media Corporation Founded in 1993, Onstream Media ( OTC: ONSM - News) is a leading online Application Service Provider (ASP) of live and on-demand, rich media communications via the Onstream Digital Media Services Platform. Specializing in audio and video corporate communications, Onstream Media's pioneering ASP digital media services technology provides its customers with the necessary tools for webcasting, web conferencing, managing digital assets, publishing content on the Internet and establishing e-commerce storefronts to transact business online. All of Onstream Media's services are focused on increasing productivity and revenues, and reducing capital expenditures and operational costs of any organization in an affordable and highly secure environment. As a result, 78% of the Fortune 100 CEOs and CFOs and almost half of the Fortune 1000 companies have used Onstream Media's services. Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Disney, MGM, Deutsche Bank, Thomson Financial/CCBN, PR Newswire and the U.S. Government. For more information, visit the Onstream website at http://www.onstreammedia.com or call 954-917-6655. This press release contains forward-looking statements, some of which may relate to Onstream Media Corporation and which involve numerous risks and uncertainties. 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. |