Jul 19, 2007 POMPANO BEACH, FL – Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and on-demand, digital media communications and applications, today announced the expansion of its recent business agreement with Bonnier Corporation to include several new services that were recently added to Onstream Media’s Digital Media Services Platform (DMSP). The new services include an updated video player creation dashboard, dynamic web site syndication and ad serving technologies. This strategic win complements Onstream Media’s recently announced contract with Bonnier Corporation to provide user generated video processing, storage and streaming. Bonnier Corporation will now have a fully integrated user-generated video, digital media processing and content syndication service. Bonnier Corporation is one of the largest consumer-publishing groups in America with over 40 titles including some of the best known and most widely read consumer and segment targeted publications, such as: Parenting, Babytalk, Popular Science, Field & Stream, Outdoor Life, SHOT Business, Yachting, Motor Boating, Salt Water Sportsman, SKI, Skiing, TransWorld SKATEboarding, TransWorld SNOWboarding, TransWorld SURF, TransWorld Motocross, TransWorld Ride BMX, QUAD: Off Road Magazine, TransWorld Business, Saveur, Spa, Islands, Destination Weddings & Honeymoons, Garden Design, Home Miami, Home Fort Lauderdale, Caribbean Travel & Life, Cruising World, Sailing World, Power Cruising, Florida Travel & Life, Resorts & Great Hotels, Boating Life, WaterSki, Sport Fishing, Sport Diver, Fly Fishing in Salt Waters, Kite Boarding, Marlin, Wind Surfing and Wake Boarding. "The expansion of our business relationship with Bonnier Corporation further validates Onstream’s commitment to client service and our approach to offering a full service suite of enabling technologies to online publishers and other rich media content providers, through our DMSP,” said Randy Selman, chairman and chief executive officer of Onstream Media. “By providing Bonnier with all of its video processing business requirements from a single supplier, Bonnier and all of its properties, benefit from reduced costs and faster implementation.” “Our engagement with Onstream Media will ensure that Bonnier Corporation Interactive Media Properties will continue to be exciting and dynamic destinations for our valued readers,” said Mike Staley, Online Director, Bonnier Corp. “As we move forward in our quest to redefine the publishing paradigm, we look forward to working with Onstream Media.” About Bonnier Corporation: Bonnier Corporation (http://www.bonniercorp.com) is one of the largest consumer-publishing groups in America and the leading media company serving passionate, highly engaged audiences through more than 40 special-interest magazines and related multimedia projects and events. Bonnier Corporate headquarters are in Winter Park, Florida with offices throughout the U.S. including New York, Colorado and California. About Onstream Media: Onstream Media Corporation ( OTC: ONSM) is a leading 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 on 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. Onstream Media also provides live and on-demand webcasting, webinars, web and audio conferencing services. Almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services. 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: 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. |