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Peerport and Onstream Media's Infinite Conferencing Division Revolutionize Audio and Web Conferencing Services

--WebMeet Community Seamlessly Unites Collaboration and Conferencing Services--

POMPANO BEACH, Fla. – April 2, 2009 – PeerPort and Infinite Conferencing, a division of Onstream Media Corporation ( OTC: ONSM), today announced the availability of WebMeet Community, a new service offering designed to transform audio and web conferencing services into twenty-first century tools. WebMeet Community (www.webmeetcommunity.com) provides an integrated suite of virtual collaboration services, enabling organizations and business professionals to work together more effectively. PeerPort, a leading innovator of collaborative social networks for businesses, and Infinite Conferencing, an industry veteran with a proven track record of delivering audio and web conferencing services, have teamed to deliver a new service which many believe is at the forefront of the communications industry.

WebMeet Community is a web-based service that enables businesses of all sizes to collaborate and communicate effectively online. Its robust feature set includes unlimited audio and web conferencing, messaging, chat, calendaring, action item tracking and document management. By delivering these services through an intuitive, easy to use interface, WebMeet Community fosters team collaboration across the entire communications spectrum, enabling the exchange of business information on a real-time, near real-time and non real-time basis. The services are provided within the context of private communities - essentially self-organized, secure environments which host both members and their data. Each community can accommodate professionals regardless of their company or business affiliation, and membership in a community can easily be modified to reflect the ever-changing composition of a project team.

Deploying collaboration capabilities across an organization has traditionally required significant upfront and ongoing investments in software, infrastructure and IT personnel, limiting application utilization to all but the largest enterprises. In addition, these solutions are often difficult to extend beyond the corporate network, making collaboration with suppliers and customers next to impossible. "By offering these capabilities as a managed service, PeerPort reduces the cost and complexity of communications management, freeing business owners to focus on their business imperatives," said Ed Chatlos, CEO of PeerPort. "Through our relationship with Infinite Conferencing, customers can now use unlimited audio and web-based conferencing for a fraction of the cost of other competitive offerings, while simultaneously taking advantage of a powerful set of tools which radically increases the effectiveness of traditional conferencing services".

"Work doesn't stop just because you hang up the phone or leave a web conference," said Dave Kott, President of Infinite Conferencing. "Business professionals have always used the team meeting as a forum to discuss issues and solutions. But as everyone knows, it's the time between meetings when the real work gets done. Our customers have been asking us to create a way to keep the conversation, and by extension, the collaboration, going-on long after the call is over. We think WebMeet Community is the solution they've been looking for."

For a limited time, WebMeet Community will cost $75 a month for unlimited access by up to 10 users. For companies requiring support for up to 50 users, the cost is only $300 per month. Additional pricing tiers and advanced services are also available. "The combination of services delivered by PeerPort and Infinite under the WebMeetCommunity brand name, coupled with industry leading price points, creates a compelling opportunity for small or medium sized businesses to take advantage of the new Internet-enabled collaboration and communications paradigm," said Mr. Kott. "We look forward to working with PeerPort and continuing to deliver exceptional value to our customers."

For more details on WebMeetCommunity, and to learn more about Infinite Conferencing, visit www.infiniteconferencing.com. For more information about PeerPort and the PeerPort Network, visit www.peerport.us.

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 http://www.onstreammedia.com or call 954-917-6655.

About Infinite Conferencing:

Infinite Conferencing, a wholly owned subsidiary of Onstream Media Corporation, is a leading provider of solutions for virtual meetings and events. More than 2,000 companies, non-profits and government agencies rely upon our professional phone and web conferencing, web casting and webinar services. As the trusted source of the most reliable audio conferencing services, Infinite provides everything from automated, reservationless phone conferencing to fully operator-assisted teleconferencing. Our web conference services are perfect for web meetings, presentations and training. Whether you simply need an application sharing tool for a demo or you seek web casting services to broadcast to a large audience, we have a solution. Web seminars (aka webinars) are increasingly popular for lead generation and distance learning. All of our audio and web conferencing solutions are easy to use and affordable. Infinite offers a 7-day free trial of its audio conference and web conferencing service. Call and speak with one of our knowledgeable salespeople for a no-obligation consultation on your phone conference, web conference and web casting needs.

About PeerPort:

Ideation Ventures, L.L.C. (dba PeerPort) is a premier collaboration and communications holding company. Among its offerings is PeerPort, an online community and collaboration service designed to meet the needs of small and medium size business customers. Additional information about PeerPort and the services it provides is available at http://www.peerport.us.

2009 Ideation Ventures, L.L.C. Intellectual Property. All rights reserved. PeerPort, the PeerPort logo and all other marks contained herein are trademarks of Ideation Ventures, L.L.C and/or Ideation Ventures L.L.C. affiliated companies. For more information, please review this announcement in the PeerPort newsroom at http://www.peerport.us/pressreleases.html.

Onstream Media:
Chris Faust
FastLane Communications

Investor Relations:
Brett Maas
Hayden IR

Technorati Tags: PeerPort, "Infinite Conferencing, IP, SaaS

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.