SOURCE: ON24, Inc.

March 01, 2005 11:56 ET

ON24 Launches 'Webcast Simple': Lower Cost, Self-Service Live Webcasting Solution

SAN FRANCISCO, CA -- (MARKET WIRE) -- March 1, 2005 -- ON24, the premier webcast and multimedia solutions provider, announced the introduction of Webcast Simple, a self-service webcasting solution with a core feature set at a very attractive price point. The product has been very well received globally, further expanding the company's presence in markets outside of the United States.

ON24 Webcast Simple is a compelling product that answers needs not previously addressed by webcasting and web conferencing providers:

    1. It delivers core and robust webcasting features at a low price point
    2. It is a very cost-competitive solution for those events with greater
       than 25 attendees
    3. It eliminates the cost-prohibitive telephone charges that accompany
       web conferencing solutions, especially international calling charges
ON24 Webcast Simple delivers high quality audio and video streaming with slides -- by far the most popular type of online event. It can be used for new product launches, sales prospecting and lead generation, corporate communications, training, and more.

According to Len Marotta, Senior Product Manager of ON24, "Webcast Simple leverages the basic feature set of ON24's powerful Webcast Center. Its comprehensive core capabilities include the ability to view who is attending the event, options for converting a live presentation to an on-demand presentation, and real time live usage reporting." Marotta noted that, unlike other lower cost, self-service webcast offerings, Webcast Simple provides customers with a branded lobby, registration area, and event console for reinforcing the company's identity.

"We've had a great experience with Webcast Simple," said Robert de Jong, Sales Director for Movaris EMEA. "It is so easy to use and cost-effective that we plan to produce a number of events. Webcasting has become an integral part of our communications strategy, and with Webcast Simple we can increase the frequency of our communications without incurring large costs."

ON24 Webcast Simple is the newest addition to the company's webcasting products, which 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
    
Companies interested in learning more about ON24's Webcast Simple can call 415.369.8000 or send inquiries to solutions@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. More than 500 leading companies including Cardinal Health, 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. Based in San Francisco, the privately held company was founded in 1998. Companies interested in learning more about ON24's solutions can call 415.369.8000 or send inquiries to solutions@on24.com.

About Movaris

Movaris is an enterprise software company dedicated to helping organizations achieve complete compliance with Sarbanes-Oxley Act requirements, and improve their financial control environments, quickly and cost-effectively.

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