POMPANO BEACH, Fla.,
Aug. 8, 2012 /PRNewswire/
-- 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 it has retained Wolfe Axelrod
Weinberger Associates, LLC, as its investor relations agency to
communicate Onstream's strategic goals and business developments to
the investment community.
Mr. Randy Selman, CEO of Onstream
Media, stated, "Onstream was seeking an established highly regarded
IR agency with broad exposure to microcap investors that understood
the value proposition that Onstream represented. After a
considerable search and evaluation, we are highly confident that
Wolfe Axelrod Weinberger Associates is the right firm to assist us
in communicating our investment potential to investors."
Mr. Stephen D. Axelrod, CFA,
Managing Member of Wolfe Axelrod Weinberger Associates, noted, "We
are extremely pleased to have been selected to assist Onstream
Media in communicating its investment opportunity to investors. It
is our goal to educate the market as to Onstream Media's leadership
role in the emerging virtual event industry. In our opinion, the
growth and earnings potential for Onstream has been masked by
market uncertainties that have impacted the market in general and
more specifically, microcaps."
About Onstream Media
Onstream Media Corporation (NASDAQ: ONSM), is a leading
online service provider of live and on-demand corporate audio and
web communications, virtual event technology,
and social media marketing. 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, BT Conferencing, and Trade Show News Network (TSNN). For
more information, visit Onstream Media at
http://www.onstreammedia.com or call 954-917-6655.
CONTACT:
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Onstream Media Corporation
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Wolfe
Axelrod Weinberger Associates, LLC
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Randy S.
Selman, CEO
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Stephen D.
Axelrod, CFA/Adam Lowensteiner
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(954)
917-6655
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(212)
370-4500, (212) 370-4505
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steve@wolfeaxelrod.com, adam@wolfeaxelrod.com
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SOURCE Onstream Media Corporation