Onstream Media Corporation Announces Partnership With Social Networking Platform Provider Five Across, Inc.

12 Dec, 2006, 00:00 ET from Onstream Media Corporation

    POMPANO BEACH, Fla., Dec. 12 /PRNewswire-FirstCall/ -- Onstream Media
 Corporation (Nasdaq:   ONSM), a leading online service provider of live and
 on- demand, digital media communications and applications, announced today
 that the Company has signed both teaming and services agreements with Five
 Across, Inc., a leading provider of social networking and online community
 platforms. The agreements call for the integration of certain Onstream
 Media Digital Media Service Platform (DMSP) services with the Five Across
 Connect social networking platform.
     The combined service enables publishers, media companies, professional
 sports leagues and consumer brands to strengthen and grow their user
 communities with dynamic multimedia experiences including user generated
 video. Onstream Media's DMSP allows for the uploading, transcoding, hosting
 and streaming of user-generated video to accommodate a wide variety of
 media player formats and end-user devices, as well as connection
 bandwidths.
     "Onstream Media's turnkey video solutions will expand the power of the
 Five Across platform, allowing us to offer our customers a seamless way to
 include proprietary and user-generated video within their communities,"
 said Ken Jones, Chief Operating Officer, of Five Across. "We're excited
 about partnerships like these that allow us to offer best-in-class
 solutions to our customer base."
     "This strategic partnership sets the stage for Onstream Media and Five
 Across to deploy the enabling technologies to create social networks based
 on any topic with integrated professional and user generated multimedia
 content found on platforms such as YouTube and MySpace," said Randy Selman,
 President and Chief Executive Officer of Onstream Media.
     About Five Across
     Founded in 2003 by leading software developers from Apple Computer and
 Adobe Systems, Five Across is a leading technology company bringing new,
 innovative products to build Internet-based communities. The Five Across(R)
 Connect is a rapid-deploy web platform enabling organizations, such as
 media companies, sports leagues, and consumer brands, the ability to
 strengthen and grow their user communities with dynamic multimedia
 experiences. Five Across is a privately held company backed by leading
 venture capital firms Adobe Ventures and Granite Ventures. For more
 information visit www.fiveacross.com.
     About Onstream Media
     Founded in 1993, Onstream Media Corporation (Nasdaq:   ONSM) is a leading
 online service provider of live and on-demand, digital media communications
 and applications. Onstream Media's pioneering Digital Media Services
 Platform (DMSP) provides its customers with the necessary tools for
 webcasting, web conferencing and webinars as well as managing digital
 assets, publishing content on the Internet in various files and formats 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 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,
 Discovery Education, Disney, MGM, Deutsche Bank, Rodale Inc., Thomson
 Financial/CCBN, PR Newswire and the U.S. Government. For more information,
 visit Onstream Media at 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. 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.
      At the Company:
      Barry A. Rothman
      Onstream Media Corporation
      954-917-6655
      brothman@onstreammedia.com
 
      Media Relations:
      Chris Faust
      FastLane Communications
      973.582.3498
      cfaust@fast-lane.net
 
      Five Across:
      Laura Thurman
      Impact Marketing Group
      408-979-1917
      laurat@impact-mg.com
 
 

SOURCE Onstream Media Corporation
    POMPANO BEACH, Fla., Dec. 12 /PRNewswire-FirstCall/ -- Onstream Media
 Corporation (Nasdaq:   ONSM), a leading online service provider of live and
 on- demand, digital media communications and applications, announced today
 that the Company has signed both teaming and services agreements with Five
 Across, Inc., a leading provider of social networking and online community
 platforms. The agreements call for the integration of certain Onstream
 Media Digital Media Service Platform (DMSP) services with the Five Across
 Connect social networking platform.
     The combined service enables publishers, media companies, professional
 sports leagues and consumer brands to strengthen and grow their user
 communities with dynamic multimedia experiences including user generated
 video. Onstream Media's DMSP allows for the uploading, transcoding, hosting
 and streaming of user-generated video to accommodate a wide variety of
 media player formats and end-user devices, as well as connection
 bandwidths.
     "Onstream Media's turnkey video solutions will expand the power of the
 Five Across platform, allowing us to offer our customers a seamless way to
 include proprietary and user-generated video within their communities,"
 said Ken Jones, Chief Operating Officer, of Five Across. "We're excited
 about partnerships like these that allow us to offer best-in-class
 solutions to our customer base."
     "This strategic partnership sets the stage for Onstream Media and Five
 Across to deploy the enabling technologies to create social networks based
 on any topic with integrated professional and user generated multimedia
 content found on platforms such as YouTube and MySpace," said Randy Selman,
 President and Chief Executive Officer of Onstream Media.
     About Five Across
     Founded in 2003 by leading software developers from Apple Computer and
 Adobe Systems, Five Across is a leading technology company bringing new,
 innovative products to build Internet-based communities. The Five Across(R)
 Connect is a rapid-deploy web platform enabling organizations, such as
 media companies, sports leagues, and consumer brands, the ability to
 strengthen and grow their user communities with dynamic multimedia
 experiences. Five Across is a privately held company backed by leading
 venture capital firms Adobe Ventures and Granite Ventures. For more
 information visit www.fiveacross.com.
     About Onstream Media
     Founded in 1993, Onstream Media Corporation (Nasdaq:   ONSM) is a leading
 online service provider of live and on-demand, digital media communications
 and applications. Onstream Media's pioneering Digital Media Services
 Platform (DMSP) provides its customers with the necessary tools for
 webcasting, web conferencing and webinars as well as managing digital
 assets, publishing content on the Internet in various files and formats 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 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,
 Discovery Education, Disney, MGM, Deutsche Bank, Rodale Inc., Thomson
 Financial/CCBN, PR Newswire and the U.S. Government. For more information,
 visit Onstream Media at 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. 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.
      At the Company:
      Barry A. Rothman
      Onstream Media Corporation
      954-917-6655
      brothman@onstreammedia.com
 
      Media Relations:
      Chris Faust
      FastLane Communications
      973.582.3498
      cfaust@fast-lane.net
 
      Five Across:
      Laura Thurman
      Impact Marketing Group
      408-979-1917
      laurat@impact-mg.com
 
 SOURCE Onstream Media Corporation