Dec 1, 2006 POMPANO BEACH, FL – December 1, 2006 – Onstream Media Corporation (OTC: ONSM), a leading online service provider of live and on-demand, digital media communications and applications, announced today it will be among an extensive list of participants in the observance of World AIDS Day to be held December 1st and 2nd, providing webcasting services in support of a series of 5 live webcasts being held by TeenAIDS-PeerCorps Inc. The Webcasts can be accessed at http://www.teenaids.org. Over a twenty-four hour period, youth in the U.S. and worldwide will be involved in the first live webcast for teens about AIDS in 14 major languages and over 65 nations. “This unique cyberspace event has never before been held on a global scale. The goal is to get teenagers’ attention and encourage them to learn facts about HIV/AIDS prevention,” said Dr. John B. Chittick, Ed.D., executive director of TeenAIDS-PeerCorps Inc., a charitable organization staffed by volunteers. “Dr. John” as he is known to teens worldwide, has recently completed a solo Global AIDS Prevention Walk to 76 countries when 200,000 youth were trained as peer teachers. “I am taking off my walking shoes so we can train youth via cyberspace. Onstream Media is a major supporter of this effort.” “We are pleased to have been selected to provide our global webcasting infrastructure and services to take the TeenAIDS’ message to a world-wide audience,” said Randy Selman, president and Chief Executive Officer of Onstream Media. “We applaud the efforts of Dr. Chittick and his team of volunteers in their mission to educate the teenage youth about such a critically important health concern.” About TeenAIDS-PeerCorps Inc. Based in Massachusetts, TeenAIDS-PeerCorps was established in 1997 as a 501c3 non-profit. Dr. Chittick’s ground-breaking research at Harvard predicted the current youth pandemic was the basis of the oldest website on the internet for teens and AIDS (1994). Dr. John is available for interviews: 978-665-9383 or chittick@post.harvard.edu About Onstream Media: Founded in 1993, Onstream Media Corporation ( OTC: ONSM - News) is a leading online service provider of live and on-demand, digital media communications and applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides its customers with the necessary tools for webcasting, web conferencing and webinars as well as managing digital assets, publishing content on the Internet in various files and formats and establishing e-commerce storefronts to transact business online. All of Onstream Media's services are focused on increasing productivity and revenues, and reducing capital expenditures and operational costs for any organization in an affordable and highly secure environment. As a result, 78% of the Fortune 100 CEOs and CFOs and almost half of the Fortune 1000 companies have used Onstream Media's services. Select Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Disney, MGM, Deutsche Bank, Thomson Financial/CCBN, PR Newswire and the U.S. Government. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655. Barry A. Rothman Certain statements in this document and elsewhere by Onstream Media are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such information includes, without limitation, the business outlook, assessment of market conditions, anticipated financial and operating results, strategies, future plans, contingencies and contemplated transactions of the company. Such forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors which may cause or contribute to actual results of company operations, or the performance or achievements of the company or industry results, to differ materially from those expressed, or implied by the forward-looking statements. In addition to any such risks, uncertainties and other factors discussed elsewhere herein, risks, uncertainties and other factors that could cause or contribute to actual results differing materially from those expressed or implied for the forward- looking statements include, but are not limited to, fluctuations in demand; changes to economic growth in the U.S. economy; government policies and regulations, including, but not limited to those affecting the Internet. Onstream Media undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. Actual results, performance or achievements could differ materially from those anticipated in such forward-looking statements as a result of certain factors, including those set forth in Onstream Media Corporation's filings with the Securities and Exchange Commission. |