Untitled Document

Georgetown University Webcasts Obama's 'A New Foundation for America' Speech Using Onstream Media's iEncode

--Thousands View the Speech Live Online in Crisp, TV-Like Quality and Many More will Watch the Recorded Broadcast--

POMPANO BEACH, Fla. – April 14, 2009 – Onstream Media Corporation ( OTC: ONSM), an online service provider of live and on-demand Internet video, today announced that Georgetown University webcast President Barack Obama's "A New Foundation for America" speech utilizing Onstream Media's iEncode, a subscription based, on-site webcasting service. The event which was webcast live yesterday from Georgetown University's Gaston Hall was watched in TV-like quality by thousands of viewers.

This webcast is part of an ongoing series of Internet broadcasts that Georgetown University's Office of Communications provides for high profile guests visiting the campus. These sessions address our most important current issues, including healthcare, leadership, socio-economic, religious, health, environmental, corporate and world affairs.

"Providing a platform for the President of the United States to outline his economic strategy for the country's future is an incredible honor and one we take very seriously," said Randy Selman, President and Chief Executive Officer of Onstream Media Corporation. "We are thrilled that Georgetown University chose Onstream Media's iEncode to webcast this historic event."

Onstream iEncodeT is a low cost appliance and subscription based webcasting service that puts self-administered, highly affordable Internet broadcasting power into the hands of users. Featuring easy set-up and on-premises encoding for a higher quality signal, the iEncode appliance serves as a front-end to Onstream's full-featured Visual Webcaster software, utilized by thousands of corporations worldwide. This fully self-service version of our industry leading Visual Webcaster, provides ease of use and an unlimited number of attendees. .

For more information on iEncode, please visit Onstream Media online at www.onstreammedia.com/iencode.php.

To view the recorded speech, you can visit www.visualwebcaster.com/event.asp?regd=y&id=57834.

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

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.