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 http://www.on2.com/ or http://www.on2.cn/. All trademarks mentioned in this document are the property of their respective owners. DATASOURCE: On2 Technologies, Inc. CONTACT: Investor, Garo Toomajanian, +1-518-881-4299, Web Site: http://www.on2.com/

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