Onstream Media Corporation

Onstream Media Signs MarketPlace365 Agent Agreement with Conventions.net

POMPANO BEACH, FL, May 12, 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 Conventions.net has signed a MarketPlace365™ agent agreement. Conventions.net is one of the leading online resources for trade shows, conventions, corporate events, conferences, and meetings in the world with thousands of industry suppliers in over 150 categories. As a MarketPlace365 agent, Conventions.net plans to showcase Onstream's MarketPlace365 platform through its website and other marketing vehicles.

Conventions.net will work with Onstream Media to develop a comprehensive marketing program to further highlight the benefits of MarketPlace365 to its customers and the small to medium sized business (SMB) market. With today's announcement, Onstream Media has now secured MarketPlace365 agreements with three of the top companies in the convention, trade show, and exhibition industry.

"Not only does Onstream's MarketPlace365 solution come pre-packaged with the right lead generation, social media, marketing, monetization, SEO and reporting functionality, but Onstream also has the right 'twenty-first century' economic model, offering a self-provisioned, no set-up fee and pay-as-you grow service model that's ideal for the masses," said Randy Goldberg, Executive Vice President of Conventions.net. "We believe this is the right model for us and the industry, which is why we've decided to partner with Onstream Media. We also intend to develop our own MarketPlace365 virtual tradeshow later this year to support our extensive base of loyal customers and partners".

"We're pleased to be working with Conventions.net, especially during a time when most show organizers and meeting planners are looking for ways to generate new revenue streams and complement their physical events with a 'readymade' virtual tradeshow environment," Randy Selman, President & CEO of Onstream Media. "MarketPlace365 enables show producers to create quality leads and value-added business relationships by providing visitors with a rich user experience filled with multimedia content, instant chat sessions and more."

About Conventions.net:

Founded in 2007, Conventions.net is the world's leading online resource for Trade Shows, Conventions, Corporate Events, Conferences, and Meetings with thousands of industry suppliers in over 150 categories. Conventions.net is fast securing a position as a market leader especially for meeting planners worldwide. For more information, visit "www.conventions.net.

About MarketPlace365™:

Onstream Media's Marketplace365™ platform enables publishers, associations, trade show promoters and entrepreneurs to rapidly and cost effectively self-deploy their own profitable, online virtual communities consisting of social networking, lead generation, multi-media content libraries, tradeshows, virtual conferences and educational facilities. Strategic partners/agents include Tradeshow News Network- TSNN (Tarsus Group), Trade Show Exhibitors Association (TSEA), Association Management Company Institute (AMCI), Conventions.net, NewGen Broadcasting, eConventions365 and FastLane Communications.

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 trade show technology. Onstream Media provides live and on-demand 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

Investor Relations:
Brett Maas
Hayden IR