Onstream Media Corporation

Onstream Media Signs Contract to Provide California Board of Equalization with Webcasting Services

Onstream to Produce Virtual Events for BOE Board Meetings

POMPANO BEACH, FL – August 8, 2013 - Onstream Media Corporation (OTCQB: ONSM) a leading online service provider of corporate audio and web communications, today announced that it has signed a 12-month agreement, valued at up to $275,000, with the State of California Board of Equalization (BOE). Under the agreement, Onstream Media will provide the agency with live and on-demand webcasting services for Board meetings in Sacramento, Culver City and other locations throughout the state.

As a State of California CMAS-certified vendor, Onstream Media participated in an extensive RFO process to assess its platform, delivery and service provision. Onstream was chosen based on its reliability, scalability, professionalism and 15-year track record with thousands of companies and government agencies.

Onstream will provide live webcasting services for all official BOE Board Meetings, which occur two to three times per month. Onstream will also provide a full host of services, including video and audio production, encoding, interactive webcast features and reporting. The California BOE is a public agency charged with tax administration and fee collection. The BOE is responsible for four broad areas: sales and use taxes, property taxes, special taxes and the tax appellate program. Each BOE webcast is open to public as well as to all BOE office employees, with approximately 1000 participants per webcast. All events will be available via computer browsers and mobile browsers.

"Onstream Media is pleased to be part of a year-long relationship with the State of California BOE, delivering media-rich and cost-effective virtual events that meet the needs of its constituents as well as its employees," said Randy Selman, President and CEO of Onstream. "As we continue to expand into the government sector, this relationship demonstrates that for agencies at the local, state and Federal level, webcasting is a highly impactful and cost-effective medium for communication."

About Onstream Media:

Onstream Media Corporation (OTCQB: ONSM), is a leading online service provider of corporate audio and web communications, including webcasting, webinar, conferencing and virtual event technology. Onstream Media’s innovative webcasting platform has recently been ranked #1 by TopTenREVIEWS. The company's video streaming, hosting and publishing platform - Streaming Publisher, provides customers with cost effective tools for encoding, managing, indexing, and publishing content to the Internet or virtually any mobile device. 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 Dell, GE Capital, Georgetown University, IRS, KPMG, Nuclear Regulatory Commission, PR Newswire and Shareholder.com (NASDAQ). Onstream Media's strategic relationships include Akamai, BT Conferencing, Telefónica and Trade Show News Network. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655.

Media Relations:

Chris Faust
Fastlane Communications

Investor Relations:

Donald C. Weinberger; Adam Lowensteiner
Wolfe Axelrod Weinberger Associates, LLC
(212) 370-4500; (212) 370-4505