Onstream Media Corporation

Onstream Media signs MarketPlace365TM Agreements with NewGen Broadcasting - Parent Company of WebmasterRadio.FM, SEO RockStars and AffCon 2010

POMPANO BEACH, FL, May 6, 2010 - Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology, today announced NewGen Broadcasting, Inc. has signed both MarketPlace365TM agent and promoter agreements to promote the MarketPlace365 platform and develop its own virtual tradeshow. In addition, NewGen Broadcasting, with their extensive experience in search engine optimization and marketing, will assist Onstream Media in creating a best of breed list of preferred Search Engine Marketing (SEM) professionals to help MarketPlace365 promoters maximize their lead generation efforts. Finally, through its Webmaster Radio service, NewGen will provide online radio and relevant content syndication for use by other MarketPlace365 promoters to enhance the attendee experience at their MarketPlaces.

NewGen Broadcasting will be implementing Onstream's MarketPlace365 solution later this year to support and extend its annual affiliate marketing convention, AffCon 2010, taking place in Denver, CO, June 21-23. "Onstream's MarketPlace365 has it all and we couldn't be happier with the solution and its ability to augment our physical convention with a rich online forum that will enable our affiliate marketing community to continue to share ideas, network and build their respective businesses all year long," said Daron Babin, Co-Founder of NewGen Broadcasting.

NewGen Broadcasting will be offering its business-to-business online radio and content syndication services to other Onstream Media customers. The service will enable participating MarketPlace365 promoters to incorporate an existing WebmasterRadio.FM radio channel to their MarketPlaces or customize one that's tailored to their specific audience and/or vertical industry. WebmasterRadio.FM is a live and on-demand, business-oriented radio channel that reaches over 100,000 live listeners and over 500,000 on-demand listeners per month, many of whom are Global 2000 executive business decision makers, technology early adopters and other influencers.

"The combination of Onstream Media's MarketPlace365 technology with NewGen Broadcastings' services represents a 'win-win-win' for all Onstream Media clients involved," said Randy Selman, President & CEO of Onstream Media. "Not only will NewGen Broadcasting be able to set-up their own virtual MarketPlace to complement their physical convention, but they'll also be providing a number of important, value-added services that will help our MarketPlace365 show organizers to offer even more value to their clients."

As a result of broadcasting many experts in digital media marketing for over 10 years, WebmasterRadio.FM has established a network of top tier marketing professionals focused on Search Engine Optimization (SEO), Search Engine Marketing (SEM), Pay-Per-Click (PPC), Blogging and Social Media Marketing. MarketPlace365 promoters will have access to a select group of these online marketing experts who have agreed to participate as MarketPlace365 preferred vendors.

In addition, promoters can subscribe to NewGen's article distribution network( http://www.DistributeYourArticles.com), adding an article feed that continually sends valuable content tailored to a specific audience and/or vertical industry to their respective online MarketPlaces. NewGen's content distribution service already has over 50,000 active authors delivering trusted content to the network. MarketPlace365 promoters can also distribute their articles or white papers to a large media network including bloggers, public relations professionals and other opinion makers. Pushing quality, "best-practice" content to the blogosphere is a proven marketing method to help pull in visitors, search engine traffic and potential prospects.

About NewGen Broadcasting:

NewGen Broadcasting is the parent company of WebmasterRadio.FM, SEGuru.com, AffCon2010.com and other affiliated businesses. NewGen Broadcasting and its affiliated businesses receive well over 500,000 unique visitors on an aggregated basis. For example, WebmasterRadio.FM averages over 500,000 on-demand listeners per month and has over 93,000 Twitter followers, many of whom are senior business decision makers of Global 2000 companies and early adopters of technology. For more information, visit www.webmasterradio.fm or www.affcon2010.com.

About Onstream Media:

Onstream Media Corporation ( OTC: ONSM) is a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology. Onstream Media's innovative Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The DMSP provides intelligent delivery and syndication of video advertising, streaming video, mobile streaming 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 patent-pending Auction VideoT technology. The company's MarketPlace365T solution enables publishers, associations, trade show promoters and entrepreneurs to rapidly and cost effectively self-deploy their own profitable, online virtual marketplaces. In addition, Onstream Media provides live and webcasting, webinars, web and audio conferencing services. To date, 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, Bonnier Corporation, Dell, Disney, Georgetown University, National Press Club, PR Newswire, Shareholder.com (NASDAQ), Sony Pictures and the U.S. Government. Onstream Media's strategic relationships include Akamai, Adobe, BT Conferencing, eBay and Qwest. For more information, visit Onstream Media at www.onstreammedia.com or call 954-917-6655.


Chris Faust
FastLane Communications