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Onstream Media To Present at the ValueRich Small-Cap Financial Expo

POMPANO BEACH, FL: March 7, 2006– Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and on-demand, rich media communications, today announced that it is scheduled to present at the ValueRich Small Cap Financial Expo on March 8-9, 2006 in the Hotel InterContinental in Miami, Florida. Randy Selman, CEO of Onstream Media, will present on behalf of the Company, on Thursday, March 9, 2006 at 11:30 am ET and will be available for meetings both days in Exhibit Booth #803.

A live audio broadcast of the presentation will be available at http://www.visualwebcaster.com/ValueRichExpoMiami2006/. An online replay of the presentation will be available shortly following completion of the broadcast at the above link.

Onstream Media will also be providing live and on-demand video webcast services for the event, including live webcasts of all formal company presentations and for certain featured speakers at the Expo. Onstream Media’s Digital Media Services Platform (DMSP) will allow for each of these presentations to be individually archived and available after the event for 90 days after the event, providing investors and potential investors with an additional opportunity to hear and view the presentation. The live and archived presentations can be found online at http://www.visualwebcaster.com/ValueRichExpoMiami2006/.

Hosted by ValueRich Inc., an event company and publishers of ValueRich Magazine, the Expo will feature approximately 50 small-cap companies with an expected audience of 1,500 financial professionals. The Expo’s industry-wide approach provides two full days of presentations and business development opportunities through interactive panel discussions, seminars and speakers. The Expo is targeted at bringing together executives of small-cap companies with investment professionals, including research analysts, fund managers, money managers, institutional investors, investment bankers and brokers, as well as venture capitalists and the financial media. It also attracts participation by Wall Street institutions such as The American Stock Exchange and EDGAR Online. For more information and to register, go to http://www.vrexpo.net.

About Onstream Media Corporation Founded in 1993, Onstream Media ( OTC: ONSM) is a leading online Application Service Provider (ASP) of live and on-demand, rich media communications via the Onstream Digital Media Services Platform. Specializing in audio and video corporate communications, Onstream Media's pioneering ASP digital media services technology provides its customers with the necessary tools for webcasting, web conferencing, managing digital assets, publishing content on the Internet and establishing e-commerce storefronts to transact business online. All of Onstream Media’s services are focused on increasing productivity and revenues, and reducing capital expenditures and operational costs of any organization in an affordable and highly secure environment. As a result, 78% of the Fortune 100 CEOs and CFOs and almost half of the Fortune 1000 companies have used Onstream Media’s services.

Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Disney, MGM, Deutsche Bank, Thomson Financial/CCBN, PR Newswire and the U.S. Government. For more information, visit the Onstream website at http://www.onstreammedia.com or call 954-917-6655.

Barry A. Rothman
Onstream Media Corporation

Howard Gostfrand
American Capital Ventures