Onstream Media Announces New Reseller - Copper Conferencing

POMPANO BEACH, FL – August 26, 2008 – Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and on-demand digital media communications and applications, today announced that Infinite Conferencing, a wholly-owned subsidiary of the company, has signed a reseller agreement with Copper Conferencing.  Copper Conferencing is one of the nation’s leading, carrier-class conferencing services providers for small and medium-sized businesses.
Under the new agreement, Infinite Conferencing will provide its full-suite of advanced audio and web conferencing solutions as well as customized applications tailored to meet Copper Conferencing’s specific business needs. For example, Infinite Conferencing will be streamlining Copper’s order process by developing and providing a branded, online user interface for operator-assisted calls.  In addition, Copper Conferencing will be adding Onstream Media’s webcasting, video streaming and event management services to its customer offerings.
Brad Dupee, Chairman and CEO of Copper Conferencing, stated, “Copper Conferencing is committed to making meetings more productive and the overall process more effective for our customers, and Onstream Media’s state-of-the-art services and technologies is a key part of our ability to deliver on this promise. We are excited to expand our strategic reseller relationship with Onstream to continue to increase our value to our growing customer base.”
"Onstream Media continues to expand our indirect sales channel through strategic alliances with leading conferencing providers, such as Copper Conferencing,” said Randy Selman, President and Chief Executive Officer of Onstream Media. “We welcome Copper Conferencing, and look forward to providing the tools, customer support and expertise to help grow Copper’s business.”

About Copper Conferencing
Based in Broomfield, Colorado, Copper Conferencing provides unprecedented access to eco-friendly audio conferencing and web conferencing services.  Copper Conferencing’s Conference Coaches™ provide expert guidance of enhanced conference calling services to small and medium-sized businesses. From on demand reservationless audio conference calls, to highly-interactive web conferences and special event calls, Copper helps businesses improve the speed and effectiveness of remote decision making. These services are backed by fully managed, carrier-class platforms to power communication for thousands of customers. Copper’s leadership team brings over 50 years of industry experience and has created a successful channel-centric sales approach which includes wholesale partners and authorized agents and internet sales programs. The company is privately-held. For more information about Copper, visit the company’s website at www.copperconferencing.com or call 866-903-7521.

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 Video™ (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, Disney, National Press Club, NHL, MGM, PR Newswire, Televisa, 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 at http://www.onstreammedia.com or call 954-917-6655.

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

Investor Relations:
Brett Maas
Hayden Communications, Inc.
646-536-7331
brett@haydenir.com

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.