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Onstream Media Granted Compliance Extension by NASDAQ
Jan 20, 2010 (02:01 PM EST)
POMPANO BEACH, Fla., Jan. 20 /PRNewswire-FirstCall/ -- Onstream Media Corporation , a leading online service provider of live and on-demand internet video, corporate web communications and content management applications, announced today that a NASDAQ Listing Qualifications Panel (the "Panel") recently determined to continue the listing of Onstream's common stock on The NASDAQ Capital Market, pursuant to an extension through April 19, 2010 to meet the minimum bid price requirement as set forth in Listing Rule 5550 (a)(2) (the "Rule"). The determination followed a hearing before the Panel on December 3, 2009, at which Onstream presented its plan to regain compliance with the Rule. Onstream may be considered compliant with the Rule if its common stock closes at a bid price of $1.00 per share or greater for a minimum of 10 consecutive trading days prior to April 19, 2010.
Onstream Media Corporation HASH(0x2a9bc666a0) HASH(0x2a9bc66840) HASH(0x2a9bc66930) HASH(0x2a9bc66a20) HASH(0x2a9bc66b10) HASH(0x2a9bc66c00) HASH(0x2a9bc66cf0) HASH(0x2a9bc66de0) is an 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 , managing, indexing, and publishing content via the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, , mobile streaming and supports for online video and other rich media assets. The DMSP also provides an efficient workflow for and publishing in combination with social networks and online video classifieds, utilizing Onstream Media's Auction Video(TM) (patent pending) technology. In addition, Onstream Media provides live and on-demand , , web and audio . In fact, 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, Bonnier Corporation, 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, eBay and Qwest. For more information, visit Onstream Media at HASH(0x2a9bc66fc0) or call 954-917-6655.
Media Relations: Chris Faust FastLane 973-226-4379 email@example.com Investor Relations: Brett Maas Hayden IR 646-536-7331 firstname.lastname@example.org
CONTACT: Media Relations: Chris Faust, FastLane, +1-973-226-4379, email@example.com, Investor Relations: Brett Maas Hayden IR646-536-7331,
Web site: http://www.onstreammedia.com/