POMPANO BEACH, FL – November 30, 2007 – Onstream Media Corporation ( OTC: ONSM), a leading webcast services provider, announced today it will provide webcasting services in support of the 2nd Annual World AIDS day. On November 30th and December 1st, Onstream Media will webcast live video programming of events being held by TeenAIDS-PeerCorps Inc. in conjunction with the worldwide observance of World AIDS Day. Over the two-day period, youth in the U.S. and worldwide will be involved in the second live webcast for teens about AIDS in 14 major languages and over 65 nations. The webcasts, which will emanate from the Fay Club in Fitchburg, MA and Harvard University, can be accessed at http://www.teenaids.org. Worldwide reports from ‘the field’ will be publicized during the webcasts so that teens can mutually share their volunteer efforts globally. “Last year, we at TeenAIDS broke major ground by being the first youth-oriented organization to webcast AIDS events worldwide. With Onstream Media’s continued support, our goal is to reach out to even more teens this year, encouraging 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 youth) embarked on the first-ever, global AIDS prevention walk in 1999 and has trained teens in 23 states and 76 countries on all six continents. “We are honored to have once again been chosen 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: Onstream Media Corporation ( OTC: ONSM - News) is an online service provider of live and on-demand internet video, corporate web communications and content management applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, and supports pay-per-view for online video and other rich media assets. The DMSP also provides an efficient workflow for transcoding and publishing user- generated content in combination with social networks and online video classifieds. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. In fact, almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services. Select Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Deutsche Bank, Disney, National Press Club, NHL, MGM, PR Newswire, Rodale, Inc., Televisa, WireOne, Shareholder.com (NASDAQ), and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, eBay, FiveAcross/Cisco and Qwest. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655. 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. |