On2 Technologies Files Form 12b-25 to Extend Filing Due Date of Its 2007 Annual Report on Form 10-K

Expects to File 10-K within 15-Day Extension Period

TARRYTOWN, N.Y., March 18 -- On2 Technologies, Inc. (AMEX:ONT) filed Form 12b-25 yesterday to extend the due date of its Annual Report on Form 10-K to March 31, 2008. In the Form 12b-25 filing, the Company said it has not yet finalized its December 31, 2007 financial statements and announced that it anticipates filing its Annual Report within the extension period.

The delay in finalizing the Company's financial statements has also resulted in a delay in reporting results for the fourth quarter of 2007. The Company presently plans on announcing its results and hosting its quarterly call with investors prior to filing the Annual Report. Details regarding the earnings release will be announced in a future press release and on the Company's website, www.on2.com.

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 Tarrytown, NY USA. For more information please visit www.on2.com.

Trademarks mentioned in this release are the property of their respective owners.

Forward-Looking and Cautionary Statements

Except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Our forward-looking statements are subject to risks and uncertainties. These forward-looking statements that could cause actual results to differ materially, include, among others, longer than expected delays in On2's completion of its financial statements and Annual Report on Form 10-K, which could result in longer than expected delays in the filing of the Company's Annual Report on Form 10-K, changes in On2's results of operations which could result in changes to Safeguard's consolidated results of operations for 2007 as compared to 2006, and certain other factors described in the Company's filings with the Securities and Exchange Commission. Many of these factors are beyond our ability to predict or control. In addition, as a result of these and other factors, our past financial performance should not be relied on as an indication of future performance. The Company does not assume any obligation to update any forward- looking statements or other information contained in this press release.