Onstream Media Launches Streaming PublisherT

Full Service Web Publishing Solution Enables Content Owners to Easily Manage Audio, Video and Multi-Media Assets

POMPANO BEACH, Fla. – March 18, 2009 – Onstream Media Corporation ( OTC: ONSM), an online service provider of live and on-demand internet video, today announced the launch of Streaming PublisherT - an all-in-one, web-based publishing solution that enables business users to easily upload, manage, transcode, syndicate and report on multiple rich media assets. Streaming Publisher is the latest upgrade to Onstream's Digital Media Services Platform (DMSP).

With the rapid proliferation of video, audio and other multi-media assets over the Internet, corporations, publishers, media companies, digital agencies, search engine marketers and content developers are finding it more difficult to locate, manage and monetize their ever-increasing base of digital media. Furthermore, search engines have implemented a shift in their rankings methodology, whereby web sites having rich media content are being targeted to receive a growing portion of all directed search engine traffic. Streaming Publisher resolves these issues by enabling business users to aggregate, automate, and greatly simplify workflows, resulting in greater productivity and profitability potential as well as allowing more time for content creation and monetization as opposed to cost-consuming administrative tasks.

"Streaming Publisher takes the traditional disparate and time-consuming patch-work out of maximizing your various digital media assets by centralizing and automating the functions into one highly-intuitive and easy-to-use tool," stated Randy Selman, President and Chief Executive Officer of Onstream Media Corporation. "At a time when budgets are being constrained, businesses are looking for bundled solutions like this that reduce over-lapping technology costs and streamline workflows - from creation and distribution to management and reporting."

Streaming Publisher is designed from top to bottom with advanced, automated and user-friendly features that make rich media management as easy as possible, including the ability to:

• Publish and manage rich media assets, which can be uploaded in seconds in a familiar Windows Outlook-like environment with automatically generated meta data created for each item;
• Transcode media from one format to another. Until now it has been very difficult to create high quality videos in one format and convert them into another. Streaming Publisher solves this problem, converting video into M4V-iPhone, M4v-iPod, MPEG, Real Media, WAV, WMV and others;
• Create video RSS feeds in seconds and share them with subscribers or publish them online;
• Develop a highly customized Flash player that enables viewers to watch a video through their standard browser;
• Generate graphical reports using the built-in Report Wizard. Available as pre-set templates or customizable on the fly, these reports can be downloaded to Excel, printed out or saved;
• Locate media assets through advanced search capabilities, which enables users to search across a number of different variables to find the assets you need;
• Stream over Akamai's global distribution platform to ensure you deliver TV-quality images and preserve brand integrity with a consistent superior online experience. Users will experience the fastest and richest web viewing experience possible;
• Create roles and assign permissions to view media assets and restrict or allow individual operations.

Users of Onstream Media's Store and Stream version of the DMSP may easily upgrade to the Streaming Publisher version for a higher monthly fee.

About Onstream Media:

Onstream Media Corporation ( OTC: ONSM) 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, utilizing Onstream Media's Auction VideoT (patent pending) technology. 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: AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Deutsche Bank, Disney, National Press Club, NHL, MGM, PR Newswire, BT Conferencing, 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 www.onstreammedia.com or call 954-917-6655.

Onstream Media:
Chris Faust
FastLane Communications
973-226-4379 
cfaust@fast-lane.net

Investor Relations:
Brett Maas
Hayden IR
646-536-7331
brett@haydenir.com

Cautionary Note Regarding Forward Looking Statements

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.

###