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CLIFTON PARK, N.Y., Sept. 25 /PRNewswire-FirstCall/ -- On2 Technologies, Inc. (AMEX:ONT), a leader in video compression solutions, today announced that at its annual meeting held on September 24, 2008, 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, William A. Newman, Pekka Salonoja, 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. The results of the voting were as follows: Election of Directors Director For % For Withheld % Withheld J. Allen Kosowsky 123,358,397 72.14% 16,327,458 9.55% Mike Alfant 124,984,208 73.09% 14,701,647 8.60% Mike Kopetski 123,810,911 72.41% 15,874,944 9.28% James Meyer 124,954,802 73.08% 14,731,053 8.62% Afsaneh Naimollah 124,860,615 73.02% 14,825,240 8.67% William A. Newman 123,864,580 72.44% 15,821,275 9.25% Pekka Solonoja 125,534,467 73.42% 14,151,388 8.28% Thomas Weigman 124,545,905 72.84% 15,139,950 8.85% Ratification of the Selection of Marcum & Kliegman as the Company's Independent Registered Public Accounting Firm For % For Against % Against Withheld % Withheld 134,203,531 78.49% 2,512,104 1.47% 2,970,222 1.74 Total shares represented at the meeting were 139,658,897, representing 81.69% of the total shares outstanding as of the record date, August 1, 2008. About On2 On2 creates advanced video compression technologies for desktop and wireless. Powering the video in many of today's leading web and mobile applications and devices, On2's customers include: Nokia, Infineon, MediaTek, Sony, Facebook, Brightcove, Move Networks, Adobe and Skype. On2 Technologies is headquartered in Clifton, Park, NY USA. For more information please visit http://www.on2.com/. All trademarks mentioned in this document are the property of their respective owners. DATASOURCE: On2 Technologies, Inc. CONTACT: Investors, Garo Toomajanian, +1-518-881-4299, , for On2 Technologies, Inc. Web site: http://www.on2.com/

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