Onstream Media Corp. (ONSM) Announces Several New Developments
2008 is shaping up to be an extremely eventful year for Onstream Media. On Tuesday, the company released a cover-all press statement that included a listing-status report, modifications to a recent acquisition agreement, and details surrounding recent product upgrades. On October 1st, a letter was received from NASDAQ stating that Onstream's common stock is subject to de-listing as a result of the company's failure to hold a required annual shareholder meeting by the end of its fiscal year (September 30th). A hearing has been set for November 20, 2008 with the NASDAQ Listing Qualifications Panel to address the issue. On…