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ON24 Announces Release of Virtual Video Summit Solution; New Solution from ON24 Enables Virtual, All-Day Video Events with Multiple Sessions and Presenters from Remote Locations.


Business Editors/High-Tech Writers

SAN FRANCISCO--(BUSINESS WIRE)--March 15, 2004

ON24, Inc., the leading webcast and multimedia communication solutions provider for the enterprise, today announced the availability of its Virtual Video Summit solution. This new solution from ON24 brings presenters together from remote locations, anywhere in the world, enabling all-day, multi-session events that can be viewed by a targeted audience live, and on demand. Unlike traditional events that require considerable time, travel, physical resources and budgetary commitments on the part of presenters and attendees, Virtual Video Summit removes those barriers and encourages optimal attendance and participation.

The Merrill Lynch Merrill Lynch & Co., Inc. (NYSE: MER TYO: 8675 ), through its subsidiaries and affiliates, provides capital markets services, investment banking and advisory services, wealth management, asset management, insurance, banking and related products and services on a global basis.  Global Securities Research and Economics group recently deployed Virtual Video Summit at their Industrial Technologies Conference. The all-day, multi-session investor conference featured presentations from ten companies within the Industrial Technology sector. With Virtual Video Summit, each company CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board.  connected remotely from locations around the world and presented for 45 minutes. The presentations were followed by a 15-minute Q and A session, which allowed audience members to send questions to the Merrill Lynch moderator who then posed them to the presenting CEO. The requirement to travel was eliminated, saving valuable time that would have been lost if presenters had to travel for the event.

"We are pleased to introduce another leading-edge webcast solution to the market," said Sharat Sharan, President and CEO at ON24. "One of the world's largest financial institutions had a successful conference and saved time and money using ON24's Virtual Video Summit solution, and we anticipate that this solution will be a great fit for other industries as well."

ON24's Virtual Video Summit can create an immediate return on investment for organizations, while creating new revenue opportunities. The ability to broadcast the entire event over the Internet provides an efficient and cost-effective means for business communication. In many scenarios, given the significant cost reductions, there is opportunity for increased frequency of events. And, the opportunity still exists to produce larger, multi-day, in-person conferences while using Virtual Video Summits as a complementary program.

About ON24

ON24 is the leading provider of webcast and multimedia communication solutions for the enterprise. The company provides one-stop solutions for internal and external multimedia communications for the enterprise, financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
, healthcare, and government markets. ON24 customers include more than 400 leading companies: Cardinal Health <includeonly></includeonly>

Cardinal Health (NYSE: CAH) is a premier, global healthcare company dedicated to making healthcare safer and more productive. Overview
Headquartered in Dublin, Ohio, Cardinal Health, Inc.
, Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation).
Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006.
, Credit Suisse First Boston Credit Suisse First Boston was originally the trading name of the Financière Crédit Suisse-First Boston, a London-based 50-50 investment banking joint venture formed in 1978 between the First Boston Corporation and Credit Suisse. , Hewlett Packard, Merrill Lynch, NCAA NCAA
abbr.
National Collegiate Athletic Association
, Philips, and Sun Microsystems. Based in San Francisco, the privately held company privately held company

A firm whose shares are held within a relatively small circle of owners and are not traded publicly.
 was founded in 1998.
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Copyright 2004, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Mar 15, 2004
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