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|  | In The Press! FOR IMMEDIATE RELEASE Onstream Media Corporation and Web Meet Live Sign Joint Venture Agreement  Onstream Media Media Relations: Beth Amorosi FastLane Communications 973.582.3498
bamorosi@fast-lane.net
 Web Meet Live Contact: Ta Kimble CMO, Web Meet Live 615.491.7704 ta@WebMeetLive.com San
Diego, CA. . . November 13, 2007. . .WebMeetLive.com, a web-based
technology business solution company has signed a joint venture
agreement with Onstream Media Corporation. Onstream
Media Corporation (Nasdaq: ONSM) is a leading 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 Onstream’s clients with intelligent delivery and
syndication of video advertising, 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. 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. “More
and more companies are leveraging the power of video and webcasting
over the Internet to communicate more effectively with their
geographically dispersed base of employees, customers, partners,
shareholders and other important constituencies, said Randy Selman,
president and chief executive officer of Onstream Media. “Combining
our Visual Webcaster solution with Web Meet Live’s solution allows for
a completely interactive experience for both the presenter and guests.
It also works on dial up and satellite connections, which eliminates
the need for an extra, more costly teleconference line.” “I
am excited about our partnership. This joint venture will catapult
electrifying new technologies into the forefront of web-based business
solutions and multimedia streaming for the next generation TV. We will
put all of our resources behind our partnership.” stated Ta Kimble, CMO
of Web Meet Live. Select
Onstream Media customers include: AOL, AAA, AXA Equitable Life
Insurance Company, Bonnier Corporation, Dell, Deutsche Bank, Disney,
National Press Club, NHL, MGM, PR Newswire, Rodale, Inc., Televisa,
WireOne, Shareholder.com (NASDAQ), and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, eBay, FiveAcross/Cisco and Qwest. |  |