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Onstream Media Announces Agreement with MedicExchange to Create MarketPlace365T Virtual Marketplace for Healthcare Decision Makers

Planned to be medical industry's most extensive resource for healthcare products, services and continuing medical education (CME)

POMPANO BEACH, FL – January 12, 2011 -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 MedicExchange has signed a MarketPlace365T promoter agreement to develop a virtual marketplace and business community for the healthcare industry.

Currently an online marketplace for medical and health IT equipment, supplies and services, MedicExchange plans to transform itself into the industry's most comprehensive resource for healthcare decision makers to access thousands of virtual booths replete with products and services, as well as multimedia-based educational resources for research and continuing medical education purposes.

"We see a real need in the healthcare industry to combine our extremely comprehensive - yet simple to use - online marketplace for healthcare buyers, with a virtual exhibit platform that enables healthcare vendors to engage their buyers more effectively in real-time, whilst facilitating physicians' fulfillment of their continuing medical education requirements, all in one place," said Alexander van Klaveren, CEO of MedicExchange. "We believe the MarketPlace365 platform will give us the capabilities and tools we need to bring this next-generation business marketplace to life, and in doing so, set ourselves apart from our competition."

MedicExchange expects its new MarketPlace365 to eventually feature:

  • Thousands of products and services including diagnostic imaging equipment (MRI, X-ray, CT, PACS, PET, laser systems, etc.), medical services (document imaging, medical billing and equipment financing, for example), software (teleradiology workflow and design, data management, mobile applications and so on), EMR (electronic medical records), EHR (electronic health records) and more
  • Over 1,000 vendors and healthcare providers including Siemens, GE Healthcare, AGFA Healthcare, McKesson, Ministry Health Care, Aetna and NEC Display Solutions
  • Dozens of industries including Healthcare IT, Radiology, Dentistry, Veterinary, Cardiology, Gastroenterology, Neurology, Obstetrics, Oncology, Orthopedics, Ophthalmology, Pulmonology, Surgery, General Healthcare, Medical Devices, and Medical Accessories
  • Live webcasts featuring doctors delivering CME courses in such areas as diagnostic imaging, and cardiovascular and oncology care
  • Library of recorded CME and vendor presentations and articles covering a vast array of topics

"With MarketPlace365 in its arsenal, MedicExchange is really pushing the envelope on both innovation and value," said Randy Selman, President & CEO of Onstream Media. "We believe that MedicExchange is creating the most extensive and feature-rich source for healthcare decision makers to access the products, services and educational resources they need to be successful. Moreover, the new marketplace will greatly enhance MedicExchange's value proposition to both buyers and sellers and thus help it grow its own business."

MedicExchange selected MarketPlace365 over other online platforms because of its industry leading webcasting and streaming video capabilities, easy self provisioning and ongoing management. In addition to these capabilities, the MarketPlace365 system also includes online chat, search engine optimization (SEO) capabilities, file downloads, RSS feeds, product demonstrations, pay-per-view and much more.

MedicExchange plans to launch its new multimedia MarketPlace365 site in February 2011.

About MedicExchange:

MedicExchange provides technology-enabled tools and technical data for 75,000 healthcare buyers representing $12B in annual purchases. MedicExchange is a more efficient means of making purchasing decisions and discovering prices to help reduce costs within the global healthcare industry.including: Healthcare IT, Radiology, Dentistry, Veterinary, Cardiology, Gastroenterology, Neurology, Obstetrics, Oncology, Orthopedics, Ophthalmology, Pulmonology, Surgery, General Healthcare, Medical Devices, and Medical Accessories. MedicExchange is headquartered in New York with offices in the UK, India and China. www.MedicExchange.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 company's MarketPlace365T solution enables publishers, associations, tradeshow promoters and entrepreneurs to rapidly and cost effectively self-deploy their own online virtual marketplaces. In addition, 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, 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, Qwest and Trade Show News Network (TSNN). 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.

ONSM Media Relations:
Chris Faust
Fastlane Communications