POMPANO BEACH, FL – Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and on-demand, digital media communications and applications, and Arkadin, a global provider of audio and data conferencing solutions, today announced a strategic technology alliance, enabling both companies to strengthen their respective web-based communications service platforms and serve as resellers of each other’s services. Under the agreement, Arkadin will immediately begin to provide Onstream Media’s Digital Media Services Platform (DMSP), including turnkey webcasting, webinars, encoding, streaming and production services, to its North American customer base with potential to rollout globally. In exchange, Onstream Media has integrated Arkadin’s web conferencing solutions into its service portfolio, including advanced IP-based desktop sharing, applications sharing, video web cam and event recording features, in addition to audio conferencing capabilities that include reservationless and operator assisted services. The partnership will allow both companies to provide complementary, cost-effective solutions for customers to improve business communications and collaboration, and enhance employee efficiency and productivity. “Our new alliance with Arkadin will dramatically expand our reach and strengthen our presence in North America, while simultaneously enhancing our web conferencing capabilities,” said Randy Selman, president & CEO, Onstream Media. “As importantly, we will be able to leverage each other’s strengths, providing our respective customers with the very best experience possible at extremely competitive rates.” “Onstream Media’s state-of-the-art DMSP and webcasting services are an excellent fit with our own conferencing-based services,” said Olivier de Puymorin, CEO and founder of Arkadin. “By gaining access to streaming technology, our customers can enhance their existing audio and web conferences and cost-effectively maximize their reach to geographically dispersed audiences over the Internet through a live or archived webcast. We expect the complementary service offering created by our newly formed partnership to be well-received by a wide range of corporate and government clients.” About Arkadin: About Onstream Media: All of Onstream Media’s services are focused on increasing productivity and revenues, and reducing capital expenditures and operational costs for 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. Select 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 Onstream Media at http://www.onstreammedia.com or call 954-917-6655. 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. |