POMPANO BEACH, FL — (Marketwire) — 03/30/11 — 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 SmartSource, a leading provider of tradeshow equipment rentals and audio visual technology support solutions, has signed a MarketPlace365 Master Agent Agreement.
Under the terms of the agreement, SmartSource will become a Master Agent, marketing both Onstream’s popular MarketPlace365 virtual tradeshow platform as well as the company’s complete suite of Internet broadcasting solutions and collaborative conferencing services. As an industry leader catering to the needs of physical trade show promoters and their exhibitors, SmartSource believes that it is ideally positioned to effectively represent MarketPlace365 to its client base of Fortune 1000 clients reported to represent more than 400 tradeshows. Since its inception, SmartSource has consistently worked with technology innovators and industry leaders to offer the best solutions to its clients and prospects.
With 24 sales offices throughout the United States, SmartSource will be able to leverage its professional sales force to expand the promotion and distribution of MarketPlace365. SmartSource’s sales reps will have the ability to provide their clients with in-person, online demonstrations of MarketPlace365, complete with its full suite of integrated capabilities, features, and benefits.
SmartSource’s Senior Vice President, Steve Shatsoff, stated, “Onstream’s MarketPlace365 was the obvious virtual tradeshow solution for SmartSource to augment our live tradeshow and event products and services. We look forward to working with Onstream Media in fully incorporating MarketPlace365 into our product offering as well as implementing the platform showcasing our technology solution providers. In the future, I could also envision SmartSource becoming a MarketPlace365 promoter, creating an A/V industry show specifically for the tradeshow and event market.”
“This is another example of a truly win-win business relationship and major opportunity for both of our companies,” said Randy Selman, President and CEO of Onstream Media. “The versatility of MarketPlace365 lends itself to being a natural fit to SmartSource’s core business on multiple levels. It allows SmartSource to offer their clients a new value proposition while creating a new profit center for them as well. The fact that SmartSource and many other industry leaders have embraced the MarketPlace365 platform, in our opinion clearly demonstrates that our virtual trade show technology provides the most flexible, cost effective and profitable solution.”
MarketPlace365™ is a comprehensive, online lead-generation and communications virtual tradeshow platform that enables publishers, associations and tradeshow organizers to quickly, easily and affordably self-deploy and manage their own online multimedia “marketplace,” while creating a compelling social-media experience for the attendee. MarketPlace365 brings communities with common interests together online for commerce and information exchange. MarketPlace365 features include: social networking, search engine optimization, advanced analytics, videos, webinars, presentations and a full suite of marketing and communications tools.
About SmartSource Computer & Audio Visual Rentals:
Founded in 1984 and formerly known as Rent-a-PC, Inc., SmartSource Computer & Audio Visual Rentals serves broad-based corporate IT, association, professional AV and trade show technology rental needs. The company is widely recognized for its outstanding customer service, technical expertise, geographic reach, breadth of product, and end-to-end solution. Its extensive line features brand name products from Apple, Dell, HP/Compaq, IBM, NEC, Eiki, Meyer, Stumpfl, and others. Among its products are computers, servers, copiers, professional AV equipment, LCD and plasma monitors, kiosks, digital signage and video walls. SmartSource employs over 250, including over 100 field technicians. Its 24 strategic locations are in: Anaheim, CA; Atlanta, GA; Boston, MA; Chicago, IL; College Station, TX; Dallas, TX; Englewood Cliffs, NJ; Eugene, OR; Ft. Lauderdale, FL; Houston, TX; Las Vegas, NV; Long Island, NY; Los Angeles, CA; New Orleans, LA; New York, NY; Orlando, FL; Philadelphia, PA; Phoenix, AZ; San Diego, CA; San Francisco, CA; Seattle, WA; St. Louis, MO; Sunnyside, NY; and Washington, DC. Kirtland Capital Partners, a private equity firm in Cleveland, Ohio, holds a majority interest in SmartSource Rentals. For more information, visit: www.smartsourcerentals.com or call: (800) 888-8686.
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 profitable, 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 Trade Show 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.
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