POMPANO BEACH, Fla. – June 6, 2007 – Onstream Media Corporation ( OTC: ONSM - News), a leading online service provider of live and on- demand, digital media communications and applications, today announced that Onstream Media's Auction Video Services has become an approved video hosting service available to all eBay Sellers. Onstream Auction Video's(TM) patent-pending service provides the eBay seller community with an easy way to create and upload personalized video advertisements for their item listings. The resulting high quality Flash Video files give a consistent, reliable and high-quality viewing experience without latency, buffering or playback delays. In addition, Onstream Auction Video leverages Onstream Media's flagship Digital Media Services Platform (DMSP) to provide an automated environment for monitoring, tracking and taking down inappropriate content. "Onstream Auction Video was designed and developed with eBay in mind," said Randy Selman, president and chief executive officer, Onstream Media. "We're pleased to offer eBay sellers an inexpensive, reliable and high-quality video experience." Highlights of Onstream Auction Video Service offering include: Onstream Auction Video will be demonstrating its advanced auction video tools to the eBay seller community at eBay Live - the largest annual gathering of the eBay community, including staff and eBay sellers - at booth number 1030 at the Boston Convention and Exhibition Center on June 14-16, 2007. For more information on this event, visit http://pages.ebay.com/eBayLive/. For more information or to sign up for Onstream Media's auction videos services, please visit http://www.auctionvideo.com. About Onstream Media: Onstream Media Corporation is a leading online service provider of live and on-demand internet video, corporate web communications and content management applications. Onstream Media's pioneering Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content on the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, and supports pay-per-view for online video and other rich media assets. The DMSP also provides an efficient workflow for transcoding and publishing user- generated content in combination with social networks and online video classifieds. Onstream Media also provides live and on-demand webcasting, webinars, web and audio conferencing services. Almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services. Onstream Media customers include: AOL, AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Disney, MGM, Deutsche Bank, Rodale, Inc., Televisa, Thomson Financial/CCBN, PR Newswire and the U.S. Government. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655. Media Relations: 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. |