On2 Technologies Announces Results of 2009 Annual Shareholder Meeting

CLIFTON PARK, N.Y., May 21 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. (NYSE Amex: ONT), a leader in video compression solutions, today announced that at its annual meeting held on May 20, 2009, shareholders voted with the Board of Directors' recommendations to approve both proposals that were under consideration.

Under the first proposal, shareholders voted to re-elect the existing Board of Directors, which consists of Chairman J. Allen Kosowsky, and Mike Alfant, Mike Kopetski, James Meyer, Afsaneh Naimollah, and Thomas Weigman.

Under the second proposal, shareholders ratified the selection of Marcum & Kliegman, LLP as the independent registered public accounting firm of the company for the year ending December 31, 2009.

The results of the voting were as follows:

Election of Directors

    Director                For Votes      % For    Withheld      % Withheld
    J. Allen Kosowsky       114,413,058    80.25%   28,173,798    19.75%
    Mike Alfant             114,795,297    80.51%   27,791,559    19.49%
    Mike Kopetski           114,132,839    80.05%   28,454,017    19.95%
    James Meyer             112,450,227    78.87%   30,136,628    21.13%
    Afsaneh Naimollah       112,331,476    78.79%   30,255,380    21.21%
    Thomas Weigman          113,623,661    79.69%   28,963,195    20.31%

Ratification of the Selection of Marcum & Kliegman as the Company's Independent Registered Public Accounting Firm

    For Votes          % For   Against    % Against   Withheld     % Withheld
    135,983,200        95.36%  3,042,269  2.13%       3,561,387    2.49

Total shares represented at the meeting were 142,586,856, representing 81.24% of the total shares outstanding as of the record date, March 31, 2009.

About On2 Technologies

On2 (NYSE Amex: ONT) creates advanced video compression technologies that power the video in today's leading desktop and mobile applications and devices. On2 customers include Adobe, Skype, Nokia, Infineon, Sun Microsystems, Mediatek, Sony, Brightcove, and Move Networks. On2 Technologies is headquartered in Clifton Park, NY USA. For more information visit www.on2.com or www.on2.cn.

All trademarks mentioned in this document are the property of their respective owners.

SOURCE On2 Technologies, Inc.