ONSTREAM MEDIA ENTERS AGREEMENT WITH ECONVENTIONS365, LLC TO CREATE A MARKETPLACE365T FOR COMMERCIAL DESIGN, ARCHITECTURE AND CONSTRUCTION (CDAC)
POMPANO BEACH, FL – February 18, 2010 - Onstream Media Corporation ( OTC: ONSM) a leading online service provider of live and on-demand internet video, corporate web communications and content management applications, today announced that eConventions365, LLC, developer of the Commercial Design, Architecture and Construction (CDAC) Trade Show, has entered into a Promoter Agreement to develop a virtual tradeshow for the commercial design and building industry worldwide, using Onstream Media's MarketPlace365T platform. The CDAC Virtual Trade Show is planning to launch in the summer of 2010. "CDAC selected Onstream's MarketPlace365 platform due to its extensive lead generation and SEO optimization capabilities that come built-in with the solution. MarketPlace365 has so much to offer, including the ability to provide our exhibitors with vivid, 'eye-catching' online booth displays, live chat, live and archived seminars, a resource library, web conferencing, social networking and even a widget briefcase," said John Castellano, co-founder and CEO, CDAC. "The platform also enables CDAC to provide rich analytics to all our virtual tradeshow exhibitors, allowing them to create a deeper engagement with their attendees," Mr. Castellano continued. "Our Commercial Design, Architecture and Design Show, combined with Onstream Media's MarketPlace365, creates the perfect virtual tradeshow venue for leading designers, architects, engineers, facility planners, purchasing agents, specifiers and end users of the hospitality and healthcare facility design and construction sectors to showcase their products and services and, more importantly, drive new revenue all year round," said Brenda Weiss, President of Econventions365, LLC. "We're excited that CDAC has plans to leverage the features and functionality of MarketPlace365," said Randy Selman, President and CEO, Onstream Media. "They are truly at the leading edge of their industry and we're pleased to be providing the virtual tradeshow platform that will enable CDAC and its many exhibitors to generate quality leads and new revenue streams." The CDAC Virtual Trade Show is now taking reservations for exhibitor booths, as well as targeting experts in all sectors of Commercial Design, Architecture and Construction for both keynote speakers and professional white paper submissions. For more information on how to become a CDAC Virtual Trade Show exhibitor, visit www.cdac365.com. About eConventions365: eConventions365 LLC, a virtual trade show promotion company, is currently developing an array of virtual trade shows in various industry markets. Along with the CDAC virtual trade show for the commercial design, architecture, and construction industry, eConventions365 plans to roll out other shows in 2010. The Company is currently working with many experts and specialists in different markets. eConventions365 provides a full range of services for the development and implementation of virtual trade shows. Understanding that virtual trade shows are emerging as the premiere engagement platform for every type of industry, eConventions365 has developed tools for the effective initiation of virtual trade shows, as well as ongoing management and consultation services. These services consist of web development, marketing development, association engagement, as well as services for exhibitors, speakers, and seminars. As CEO and Co-Founder, John Castellano is responsible for leading eConventions365's visionary endeavors in the emerging arena of virtual trade shows globally. Prior to eConventions365, Mr. Castellano founded many companies, including those in the restaurant, construction, and telephone industry. Among these companies are Long Distance International and JNC Development, under which he developed many outstanding South Florida communities. Brenda Weiss, President and Co-Founder, is responsible for the guidance and implementation of all eConventions365 virtual shows. Ms. Weiss has an extensive career as the founder of several Interior Design firms, and under her direction, developed over 450 projects in all sectors of commercial and residential interior design. She has been responsible for the building of several communities in South Florida, as well as many institutions. 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. Onstream Media: Investor Relations: 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. |