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Onstream Media Corporation Regains NASDAQ Listing Compliance

Dec 5, 2006

POMPANO BEACH, FL - Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and on-demand, digital media communications and applications, announced today that it has regained NASDAQ listing compliance.

Onstream Media received a letter from the NASDAQ Listing Qualifications Department, dated December 4, 2006. The letter states that the Company, by having met the $1.00 per share or greater minimum closing bid price requirement for a minimum of 10 consecutive business days, is in compliance with NASDAQ Marketplace Rule 4310(c)(4), a pre-requisite for continued listing on the NASDAQ Capital Market.