Tuesday, May 1, 2007
Onstream Media Completes Acquisition of Infinite Conferencing
Onstream Media Corporation, a leading online service provider of live and on-demand, digital media communications and applications, announced today that it has completed the acquisition of Infinite Conferencing, a national provider of audio and web conferencing, webinar and webcasting services, in exchange for $14 million in cash and approximately 1.38 million shares of Onstream Media restricted common stock.