Onstream Media Expands Webcasting Services for U.S. Government Agencies --U.S. Nuclear Regulatory Commission and U.S. Department of Interior, Mineral Management Service Increase Awareness & Transparency-- POMPANO BEACH, Fla. – April 14, 2009 – Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and on-demand Webcasting Services, today announced two new government agency agreements totaling $250,000, with the U.S. Nuclear Regulatory Commission (USNRC) and the U.S. Department of Interior, Minerals Management Service (US DOI MMS). The agencies will be utilizing the company's robust set of webcasting and associated services to increase the awareness and transparency of their respective efforts. Onstream began providing the U.S. Nuclear Commission with webcasting services in March of 2008, as previously announced. After successfully completing six events for the Atomic Safety and Licensing Board Panel (ASLBP), the USNRC has exercised an option to purchase additional webcasting services from Onstream Media. In addition to this extension, The USNRC has additional options to extend the agreement for four additional one-year terms. Separately, the US Department of Interior will begin using Onstream's services for the first time beginning in April. Government agencies presently face an unrealized requirement by not having the resources, support tools and infrastructure to properly address the communications needs of their stakeholders. Government agencies are turning to Onstream Media to provide video and audio broadcasts online, and to ensure that public hearings, training material and other specialized events and information are available to reach their constituents, industry partners and employees. "One of the strategic goals and objectives of the USNRC is to increase public awareness in the ongoing push for greater transparency and fairness of the regulatory process. This is accomplished through our webcasting platform that provides live and archived video broadcasts of the proceedings. This assures that stakeholders and the public are actively informed of the adjudicatory hearing process - efficiently, conveniently, and on demand via Internet access," stated Randy Selman, President & Chief Executive Officer, Onstream Media. Mr. Selman continued, "In an economy where the cost of travel will likely prohibit some interested parties from attending the USNRC Atomic Safety and Licensing Board Panel sessions, our technology provides an excellent means for the public to be kept informed about these hearings by streaming and archiving the proceedings, which are made available to a global audience." Secretary of the Interior Ken Salazar will host four regional public meetings in April to discuss the future of offshore energy development on the nation's Outer Continental Shelf (OCS). The events will be webcast to a global audience via Onstream Media, a subcontractor to Ecosystem Management & Associates, Inc. (EM&A). The sessions will also be devoted to generating feedback from public and private interests on the best approaches to developing a comprehensive offshore energy plan that includes both the development of traditional and renewable sources of energy on the OCS. "The purpose of these meetings is to have a free and open exchange of ideas and principles with the American people to uncover and cultivate the best information possible as it relates to the creation of an offshore energy plan," Secretary Salazar recently stated. "We are pleased to have been selected by EM&A and approved by the US DOI MMS staff for these critical meetings to utilize our services and technology platform, bringing all interested participants worldwide into the meeting without physically requiring them to be there," stated Randy Selman. Onstream Media is now providing its webcasting and Digital Media Services Platform (DMSP) services to over 30 federal government and state agencies. 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, BT Conferencing, Dell, Disney, MGM, National Press Club, PR Newswire, 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 www.onstreammedia.com or call 954-917-6655. About The U.S. Nuclear Regulatory Commission (USNRC): The U.S. Nuclear Regulatory Commission (NRC) was created as an independent agencyby Congress in 1974 to enable the nation to safely use radioactive materials for beneficialcivilian purposes while ensuring that people and the environment are protected. The NRC regulates commercial nuclear power plants and other uses of nuclear materials, such as innuclear medicine, through licensing, inspection and enforcement of its requirements. About The Minerals Management Service (MMS): The Minerals Management Service (MMS), a bureau in the U.S. Department of the Interior, is the Federal agency that manages the nation's natural gas, oil and other mineral resources on the outer continental shelf (OCS). The agency also collects, accounts for and disburses more than $8 billion per year in revenues from Federal offshore mineral leases and from onshore mineral leases on Federal and Indian lands. The program is national in scope and is headquartered in Washington, D.C. The MMS is comprised of two major programs: Offshore Energy and Minerals Management and Minerals Revenue Management. The Offshore program, which manages the mineral resources on the OCS, is comprised of three regions: Alaska, Gulf of Mexico, and the Pacific. The Minerals Revenue Management program is headquartered in Washington, D.C., but operationally based in Denver, Colorado. 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.
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