SOURCE: ON24, Inc.

April 12, 2005 09:00 ET

ON24 Awarded GSA Contract

Webcasting Solutions Available via Contract #GS-35F-0464R

SAN FRANCISCO, CA -- (MARKET WIRE) -- April 12, 2005 -- ON24, the premier webcast and multimedia solutions provider, today announced it has been awarded a five year Government Services Administration (GSA) Schedule contract #GS-35F-0464R, effective immediately. This business-to-government contract allows federal, state, and local government organizations to purchase ON24's webcasting solutions easily and affordably.

"We are excited to have been awarded a contract from GSA," said Sharat Sharan, President and CEO of ON24, Inc. "ON24 is proud to join GSA in its commitment to simplifying the acquisition process. Our webcasting products are already utilized by several state and federal agencies, confirming that ON24 is well-positioned to address the unique needs of the government sector."

GSA's Federal Supply Schedules are contracts that allow federal employees to purchase services and products directly from commercial suppliers at pre-negotiated rates. GSA Contracting Officers award Schedule contracts to companies that meet strict criteria for quality and competitive pricing. This eliminates the cumbersome and lengthy bidding process for awarding government contracts and assures quality and consistency among government vendors. GSA annually negotiates contracts that account for $200 billion of all goods and services bought from the private sector. Details are available at www.fss.gsa.gov.

ON24 is the leader in global webcasting solutions, offering a range of products for different needs and applications. These include:

--  ON24 Webcast Center, the company's flagship product for self-
    publishing live and on-demand webcasts.
--  ON24 Simple Audio, for self-service, on-demand audio webcasts.
--  ON24 Demo Webcasts, for software or web-based product demonstrations.
    
With more than 500 customers and 7,400 webcasts in 2004 -- double the number of webcasts the company delivered in 2003 -- and a focus on the enterprise, technology, life sciences, financial services, publishing, and government sectors, ON24 is the leading player in the webcasting and multimedia market.

Companies interested in learning more about ON24's webcasting solutions can call 415.369.8000 or send inquiries to governmentsales@on24.com.

About ON24, Inc.

ON24 is a leading provider of webcast and multimedia communication solutions. ON24 offers one-stop solutions for internal and external multimedia communications for customers in the enterprise, technology, life sciences, government, and financial services industries. The company's products include ON24 Webcast Center, ON24Webcast Simple, ON24 Simple Audio, and ON24 Demo Webcasts. More than 500 leading companies including Cisco Systems, Credit Suisse First Boston, Hewlett Packard, Merrill Lynch, NCAA, Philips, and Sun Microsystems use ON24 for activities such as conferences and events, product launches, sales training, continuing medical education, executive announcements, equity research and financial road shows. Companies interested in learning more about ON24's solutions can call 415.369.8000 or send inquiries to solutions@on24.com.

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