POMPANO BEACH, Fla., April 19, 2011 /PRNewswire/ -- Onstream Media Corporation (NASDAQ: ONSM), a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology, today announced the appointment of Robert D. ("RD") Whitney as the newest member of its Board of Directors.
Mr. Whitney brings considerable industry expertise to Onstream Media. His career has included the CEO role at Tarsus Online Media, a B2B media company which specializes in publishing, conferences and exhibitions. At Tarsus Group PLC, Mr. Whitney successfully expanded the online media division. As a former VP and General Manager at Kennedy Information, his innovative business sense helped transform the company into a powerful media platform.
Mr. Whitney excels at developing on-line communities and using media sponsorship models to bring buyers and sellers together. His intuition into the world of subscription and paid content has allowed him to develop media assets in numerous B2B industries and to maximize investor values in the field of media development. His knowledge and relationships in the trade show industry and in specialized information publishing will be particularly valuable to the development and proliferation of the MarketPlace365™ platform.
He is currently a partner in Greenhaven Partners, a private-equity firm focusing on investments in specialty information and digital media oriented businesses, and in connection with that role is Chief Operating Officer of three Greenhaven owned entities - Management Networks, LLC (including the Institute of Finance and Management), Chief Executive Group, LLC and Exchange Networks, LLC (a MarketPlace365 promoter)."We couldn't be happier that RD has agreed to join our Board," stated Randy Selman, President and CEO of Onstream Media. "RD brings a prolific background that will enable Onstream Media to increase our visibility with the tradeshow industry, institutional investors and strategic partners. RD's financial, business and media savvy coupled with his broad-based industry related contacts will undoubtedly prove to be invaluable to the Onstream organization. We greatly look forward to his contributions." "I plan on working very closely with Onstream's management as a member of their Board of Directors," stated Mr. Whitney. "I am particularly drawn to management's vision for the company and the progressiveness of the MarketPlace365 platform which integrates their digital media and Internet broadcasting solutions. The technology of the platform and its value proposition is clearly disruptive. The adoption rate of the platform within the trade show community is indicative of its market acceptance. I look forward to my role as a member of its Board and in helping the company further its footprint as a market leader."