Onstream Media Forms Strategic Partnership with Proforma Proforma and its Network of 650 Members Serve More than 50,000 businesses throughout North America POMPANO BEACH, FL – April 14, 2008 – Onstream Media Corporation ( OTC: ONSM), an online service provider of live and on-demand internet video, today announced that it has formed a strategic partnership with Proforma, a leading provider of graphic communications solutions. Proforma, through its network of more than 650 independently owned and operated offices, will offer Onstream’s Infinite Conferencing audio and web conferencing services, as well as Onstream’s webcasting and webinar services, to its customer base. Onstream will create a private label version of its services specifically for Proforma, which will then be marketed to prospects and clients identified by Proforma’s independent owners as potential end users of the technology. Onstream will also provide product training to each of Proforma’s members through the use of webinars and webconferences, which will assist them in presenting Onstream’s service offerings. “One of the cornerstones of Onstream’s growth strategy has been to develop key channel partnerships with industry leaders that dominate their markets. Consistent with that approach, we believe our partnership with Proforma will enable Onstream Media to accelerate sales of its full suite of web-based communications services through Proforma’s existing relationships with over 50,000 medium to large businesses,” said Randy Selman, president and Chief Executive Officer of Onstream Media. “Proforma’s franchisees are already successfully marketing a comprehensive set of products and services to these clients, many of whom are already users of audio and web-based conferencing services. These clients will now be able to purchase our services directly through an already-trusted business partner.” Greg Muzzillo, Proforma founder and Co-CEO, stated, “Onstream’s web-based communications services are a great addition to our current product and service offerings. Our success is largely the result of our members being able to provide comprehensive solutions for their clients. The addition of Onstream’s industry-leading solutions to our own product mix enhances the overall value offered to our collective customer base.” About Proforma: About Onstream Media: 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, 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. |