Onstream Media Signs Master Reseller Agreement with ACT Conferencing
POMPANO BEACH, Fla., June 19, 2012 /PRNewswire/ -- Onstream Media Corporation (NASDAQ: ONSM), a leading online service provider of live and on-demand corporate audio and web communications, virtual event technology, and social media marketing, today announced that it has signed an agreement with ACT Conferencing to become a premier reseller of Onstream Media's Webcasting services.
ACT Conferencing, a 23-year-old company headquartered out of Lakewood, Colo., is a global provider of corporate audio, web, and video conferencing services for several industries, including high tech, legal, healthcare, investor relations and finance. Under the reseller agreement with Onstream Media, ACT has committed to resell hundreds of webcasts annually and plans to further expand its provision of Onstream Media's technology as the market demands.
The agreement will enable ACT clients to utilize the full suite of Onstream Media's white glove and self-managed services, including live and on-demand audio and video streaming, synchronized presentation materials and real-time usage reporting. Additionally, ACT will offer their webcasting and webinar clients Onstream Media's custom URLs, branded audience interfaces, online registration pages, polling and audience Q&A.
"We were searching for a provider of reliable, scalable, webcasting services to offer our clients, and Onstream Media has proven experience and flexible technology," said Clair Pearson, Event and Multimedia Product Manager at ACT Conferencing. "Onstream is a true innovator, with high-quality, customizable solutions that offer the most advanced features for audio transmission, video streaming, social interaction, content management and customization."
"We're very excited about the synergies that this relationship brings to our clients. At ACT, we pride ourselves on delivering the best service in the industry, and our experiences with Onstream Media have demonstrated that they share our values of exceptional service and flexibility. This is important to us because our clients hold high-value events which require flawless delivery," commented Gary Iles, ACT's VP of Sales and Marketing.
"ACT Conferencing is a leading service provider in the audio and web communications business, with over two decades of service to companies across many industry sectors," added Randy Selman, President & CEO of Onstream Media. "As we advance our channel partnership program, we are delighted that ACT chose Onstream Media technology to offer its customers."
About Onstream Media:
Onstream Media Corporation (NASDAQ: ONSM), is a leading online service provider of live and on-demand corporate audio and web communications, virtual event technology, and social media marketing. Onstream Media's innovative Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The company's MarketPlace365® solution enables publishers, associations, tradeshow promoters and entrepreneurs to rapidly and cost effectively self deploy their own online virtual marketplaces. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. To date, 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, 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, BT Conferencing, and Trade Show News Network (TSNN). For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655.
About ACT Conferencing:
Established in 1989, ACT Conferencing is a global provider of corporate audio conferencing, web conferencing and video conferencing services. ACT's integrated platforms provide managed, international and local-language services. The company is headquartered in Lakewood, Colorado, with operations in Australia, Canada, France, Germany, Hong Kong, Malaysia, Netherlands, Singapore and the UK. For more information, visit www.actconferencing.com.
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.
ProActive Capital Resources Group
SOURCE Onstream Media Corporation
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