POMPANO BEACH, Florida Mar 12, 2007 Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and on- demand, digital media communications and applications, announced today it has signed an agreement with the National Press Club (NPC) whereby Onstream Media will install a state-of the art, on-site encoding center within the NPC's own Broadcast Operations Center that will be fully integrated with Onstream's Visual Webcaster platform. This technology enhancement will allow the NPC to directly provision video and audio webcasting services from Onstream Media in support of their slate of about 2000 events annually. The schedule of NPC's events, including webcasts, can be found at http://npc.press.org. The NPC, based in Washington D.C., comprises nearly 4,000 reporters, editors, public information officers and others associated with the profession of journalism. The NPC conducts thousands of events annually, featuring national and international guest speakers, high-profile press conferences and other newsworthy events. With Onstream Media's encoding center situated on-site, NPC broadcast personnel will have direct access to Onstream Media's full featured webcast delivery platform. The platform will provide the NPC with multiple streaming formats and delivery speeds and offers advanced features such as registration, delivery of PowerPoint, Q&A, audience polling, archived delivery and downloadable documents, among others. In addition, the new encoding center will eliminate the previous need for satellite or fiber optic transmission facilities to access one of Onstream Media's corporate encoding centers in Florida, New York or San Francisco. "Due to our high volume events schedule and significant audience participation we needed an experienced partner with a proven ability to meet our demanding and unique requirements," said Howard Rothman, Director of Multimedia Services for the National Press Club. "We chose Onstream Media because of its reputation and capabilities in providing a reliable, high quality and scalable webcasting service to support our large global audience and client base." "We are very pleased to add this prestigious organization to our growing list of high profile public-interest customers," said Randy Selman, president and chief executive officer of Onstream Media. "Given the number of events conducted annually by the National Press Club, we believe the placement of an encoding center at their facilities, fully integrated with our webcasting platform, will allow the NPC to streamline webcast production workflow and realize significant cost savings. As such, we see this new strategic partnership as a model for other organizations, providing the capability to integrate our technology and multi-media skills into their platforms to more efficiently service their large-scale webcasting needs." About the National Press Club The National Press Club (NPC) is an association of journalists based in Washington, DC. The NPC is well-known for its gatherings with invited speakers, including many presidential candidates and other influential politicians. The National Press Club has been a part of Washington life for more than 90 years. Its members have included all of the Presidents of the United States since Warren Harding. Most have spoken from The Club's podium, some to declare their candidacies for the presidency. NPC's events can be found on the web at npc.press.org. About Onstream Media: Founded in 1993, Onstream Media Corporation ( OTC: ONSM) 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, Dell, Disney, MGM, Deutsche Bank, Rodale, Inc., 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. At the Company: 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. |