Attached files
file | filename |
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8-K - Onstream Media CORP | v207367_8k.htm |
Exhibit
99.1
Media
Relations:
|
Investor
Relations:
|
Chris
Faust
|
Alon
Kutai
|
FastLane
Communications
|
ProActive
Capital Resources Group
|
973-582-3498
|
212-
672-1747
|
cfaust@fast-lane.net
|
Akutai@proactivecrg.com
|
FOR
IMMEDIATE RELEASE:
Onstream
Media Corporation to Report Fiscal 2010 and Fourth Quarter Financial Results on
Friday, January 7, 2011
Management
to Discuss Results and Fiscal 2011 Outlook
in
January 10 Conference Call
POMPANO BEACH, FL – January 5, 2011 –
Onstream Media Corporation (NASDAQ: ONSM), a leading online service
provider of live and on-demand Internet broadcasting, corporate web
communications and virtual marketplace technology, today announced that its
management will conduct a conference call at 4:30 p.m. ET on Monday, January 10,
2011, to discuss its fiscal 2010 fourth quarter and full year financial results
for the period ended September 30, 2010. The Company, in an update of the
schedule it announced earlier, anticipates releasing financial results and
filing its Form 10-K after the close of trading on the previous business day,
Friday, January 7, 2011. During this conference call, Mr. Randy Selman,
President and Chief Executive Officer of Onstream Media Corporation and Mr.
Robert Tomlinson, the Company's CFO, will discuss the Company's financial
results as well as provide an outlook for fiscal 2011. Management discussion
will be followed by an open Q&A session.
Mr.
Selman stated, “We have already announced an approximately $330,000 improvement
in our fiscal 2010 fourth quarter revenues over the same period of last year, as
well as positive cash provided by operating activities (before changes in
current assets and liabilities) for the fiscal 2010 fourth quarter. We do not
expect our full report on January 7 to contain any material changes to these
already reported items. We have already filed Form NT 10-K with the SEC and a
January 7 filing date will be in compliance with the timeframe allowed by that
filing. Nevertheless, we appreciate the patience of our shareholders and other
interested parties as we work to complete all the disclosures required as part
of our annual report.”
Interested
parties may listen to the presentation live online at http://www.visualwebcaster.com/event.asp?id=75038
or by calling 1-888-645-4404 or 201-604-0169. It is recommended to dial in
approximately 10 to 15 minutes prior to the scheduled start time. An audio
rebroadcast of the conference call will be archived for one year online at http://www.visualwebcaster.com/event.asp?id=75038.
99.1-1
About
Onstream Media:
Onstream
Media Corporation (Nasdaq: ONSM) is a leading, online, service provider of live
and on-demand Internet broadcasting, corporate web communications and virtual
marketplace technology. 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,
Adobe, BT Conferencing, Qwest and Tradeshow News Network (TSNN). For more
information, visit Onstream Media at www.onstreammedia.com
or call 954-917-6655.
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.
99.1-2