Onstream Media to Participate in the GSA's Networx Universal Contract as Part of the Qwest Team |
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Onstream Media Corporation
1291 SW 29th Avenue
Pompano Beach, FL, 33069
USA
Press release date: April 3, 2007
POMPANO BEACH, Fla., April 3: Onstream Media Corporation (NASDAQ:ONSM), a leading online service provider of live and on- demand video applications and digital media communications, announced today that it has been selected to serve as a member of the Qwest Communications International team that was awarded a stake in Networx Universal, the largest communications services contract in the world. Qwest and its team members will participate in the U.S. government program that is valued at approximately $48 billion over the next 10 years to provide leading-edge voice, data and video services, including managed and secure advanced data networks, to federal agencies nationwide. Onstream Media's role as part of the Qwest team will be providing comprehensive video and audio encoding services and webcasting for live and archived distribution of content via a wide range of digital delivery networks.
Providing voice, video, IP, wireless, satellite and IP-centric services to 135 federal agencies across 191 countries, Networx Universal will provide comprehensive, best-of-breed communications and networking services and technical solutions to all federal agencies. It will allow the agencies to focus resources on building a seamless and interoperable operating environment while GSA ensures agency access to the best technology industry has to offer.
Randy Selman, President and Chief Executive Officer of Onstream Media, stated, "Onstream Media is very pleased to be part of a team that has been chosen as a tier-one service provider to the government. We are equally proud to work with Qwest, especially given its long history of serving government customers. We believe our inclusion in this select group of providers clearly demonstrates that our digital media services platform provides the necessary technologies to meet both the current and anticipated needs of the broad number of government agencies who will be served under the Networx Universal initiative. We look forward to working closely with Qwest to deliver our advanced webcasting and video encoding solutions to the United States government."
About Onstream Media:
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 on the Internet. The DMSP provides our 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. Onstream Media also provides live and on-demand webcasting, webinars, web and audio conferencing services. Almost half of the
Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services.
Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Dell, Disney, MGM, Deutsche Bank, Rodale, Inc., Televisa, 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.
Source: Onstream Media Corporation
CONTACT: Barry A. Rothman Onstream Media Corporation, 954-917-6655, brothman@onstreammedia.com; Media Relations, Chris Faust FastLane Communications, +1-973-582-3498, cfaust@fast-lane.net; Investor Relations, Gary Geraci Equity Performance Group, +1-617-723-2373, gary@equityperfgp.com
Web site: http://www.onstreammedia.com/
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