POMPANO BEACH, Fla.,
Jan. 12, 2012 /PRNewswire/
-- Onstream Media Corporation (NASDAQ: ONSM), a leading
online service provider of live and on-demand corporate audio and
web communications, virtual event technology and social media
marketing, today announced that its management will conduct a
conference call at 4:30 p.m. ET on
Tuesday, January 17, 2012, to discuss
its fiscal 2011 fourth quarter and full year financial results for
the period ended September 30, 2011.
This represents a change from the previously announced date, which
was on Martin Luther King Day.
However, the Company still anticipates releasing financial results
and filing its Form 10-K after the close of trading on Friday, January 13, 2012. During the conference
call, Mr. Randy Selman, President
and Chief Executive Officer of Onstream Media Corporation and Mr.
Robert Tomlinson, the Company's CFO,
will discuss the Company's financial results as well as provide an
outlook for fiscal 2012. Management discussion will be followed by
an open Q&A session.
Mr. Selman stated, "We have already announced consolidated
revenues for fiscal 2011 of approximately $17.7 million, approximately 6.0% in excess of
our fiscal 2010 revenues, and consolidated revenues for the fourth
quarter of fiscal 2011 of approximately $4.3
million, approximately 7.1% in excess of our revenues for
the fourth quarter of fiscal 2010. We have also announced positive
cash provided by operating activities (before changes in current
assets and liabilities) for fiscal 2011, which is positive for the
full year for the first time in our company's history. We do not
expect our full report on January 13
to contain any material changes to these already reported
items."
Interested parties may listen to the presentation live online at
http://www.visualwebcaster.com/event.asp?id=84469 or by calling
1-888-645-4404 or 201-604-0169. It is recommended to dial in
approximately 10 to 15 minutes prior to the scheduled start time.
An audio rebroadcast of the conference call will be archived for
one year online at
http://www.visualwebcaster.com/event.asp?id=84469.
Cautionary Note Regarding Forward-Looking Statements
Certain statements in this document and elsewhere by Onstream
Media Corporation 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's filings with the Securities and Exchange
Commission.
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, Qwest and Trade Show News Network
(TSNN). For more information, visit Onstream Media at
http://www.onstreammedia.com or call 954-917-6655.
Media
Relations:
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Investor Relations:
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Chris
Faust
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Jeff
Ramson
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FastLane
Communications
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ProActive
Newsroom
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973-582-3498
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212-792-4294
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cfaust@fast-lane.net
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jramson@proactivecrg.com
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SOURCE Onstream Media Corporation