June 19 Presentation Will Detail Company's Plan for Second Half of 2003

NEW YORK, May 16 /PRNewswire-FirstCall/ -- The CEO of On2 Technologies, Inc. will present at the Equities Magazine Conference on June 19, 2003 at 8:30 AM at the Metropolitan Hotel at 569 Madison Avenue in New York City.

The company said that Douglas A. McIntyre, On2's Chairman, President and Chief Executive Officer will discuss the company's plans for the second half of the year and review the overall market for video over IP to a number of devices including set-tops, televisions, wireless devices, PDAs and PCs. He will also review the emerging effect of Wi-Fi on the further dissemination of video to wireless devices and the company's plans in markets including India, China, Korea and Japan.


Equities Magazine will celebrate its 52nd anniversary at the conference.

About On2 Technologies, The Duck Corporation

On2 Technologies (AMEX:ONT) is a leading technology firm at the forefront of video compression. The Company revolutionized video encoding with the creation of its advanced full-motion, full-screen, video compression and streaming technology (TrueMotion(R) VP4/VP5/VP6). On2 licenses its high quality video codecs for use in set-top boxes, consumer electronics devices and wireless applications. In addition, On2 offers a suite of products and services, including high-level video encoding, customized technical support, and consulting/integration services. Located in New York City, the Company has an office in Clifton Park, NY, and operations in Cambridge, UK. On2 may be reached at 21 Corporate Drive, Suite 103, Clifton Park, NY 12065 or info@on2.com or sales@on2.com.


Source: On2Technologies

CONTACT: Mark Meagher of On2Technologies, +1-646-292-3533, or
mmeagher@on2.com


Web site: http://www.on2.com/