POMPANO BEACH, FL – November 20, 2007 – Onstream Media Corporation ( OTC: ONSM), a leading webcast services provider, announced today that New York based All Mobile Video (AMV), one of New York’s largest video production companies has agreed to integrate Onstream Media’s Visual Webcaster on-site webcasting systems into their production studios to offer their clients a seamless webcasting solution. All Mobile Video and Onstream Media, after several years of cooperative production of webcasts, have created this partnership to promote and produce webcasting as well as digital asset management solutions. As a leading video broadcasting company in New York, AMV operates seven production studios in Manhattan, 21 video satellite and production trucks and has 200 employees. AMV’s President, Eric Duke, stated, “Our expanded partnership with Onstream Media will enable us to provide state-of-the-art webcast services in addition to our already world class broadcast production capabilities. Our success has been based on providing the best personnel using the best equipment to produce the most demanding events and as a result of this partnership we can now expand that philosophy to webcasting events.” Randy Selman, President and Chief Executive Officer of Onstream Media, stated, "AMV is the one of the most respected providers of video production services and has been referring clients to Onstream Media for several years. As a result of this agreement we are extending the relationship to include joint marketing of all our web based digital media services including our latest on-site encoding technology for webcasting and our Digital Media Services Platform (DMSP). This partnership further enhances Onstream Media’s capabilities to service the professional broadcast industry right at the production source resulting in the best quality productions and user experiences.” All Mobile Video is the country's premier provider of end-to-end video and audio solutions for entertainment, sports, and news programming and events. AMV offers the full spectrum of services including spacious Manhattan based sound stages with full post-production capabilities as well as mobile production and editing trucks and extensive uplink solutions. About Onstream Media: Media Relations: Investor Relations: 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. |