Onstream Media Corporation

Onstream Media Enters Agreement with Specialized Publications Corporation to Create Three MarketPlace365 Virtual Trade Shows

--Marketplaces Focused on Aviation, Restaurant Business & Scuba Diving Industries--

POMPANO BEACH, FL – March 16, 2010 - Onstream Media Corporation ( OTC: ONSM) a leading online service provider of live and on-demand internet video, corporate web communications and content management applications, today announced that Specialized Publications Corporation (SPC) has signed both MarketPlace365 Agent and Promoter Agreements.

Under the Promoter Agreements, SPC, a multi-faceted business including long-time publisher of targeted consumer, business and association magazines including Dive Training (America's oldest consumer scuba diving publication), Dive Center Business, Restaurant Start-up & Growth, founding publisher of Flight Training and Flight School Business magazines, and representative to Business and Commercial Aviation Magazine (a McGraw Hill publication), plans to develop three virtual marketplaces, using Onstream Media's MarketPlace365 platform, focused on the consumer and commercial aviation, restaurant and scuba diving industries.

"For more than several decades now, we've been attracting and developing a large base of loyal readers and enthusiasts across several key industry segments," said Mark Young, Partner at SPC. "We couldn't have picked a better business and technology enabler than Onstream Media. Their MarketPlace365 platform is truly innovative. We can now extend the value of the content we provide and business relationships we help foster in an exciting, new way that will create an even more tight-knit community online all year long."

As an agent, SPC will not only have the ability to leverage its rich base of users, but also tie in affiliated businesses and relationships that it has formed over the years with many of the top, industry-specific trade associations to participate in its new online virtual conferences. For example in the restaurant industry, SPC is publishing the industry's standard chart of accounts book for the National Restaurant Association (NRA) and produces an online magazine, Sysco Restaurant Growth, for the largest foodservice distributor. Restaurant Startup & Growth has 60,000 monthly readers and an affiliated web site, RestaurantOwner.com with 7,800 paid members.

"We're excited to see more and more quality publishers, like SPC, selecting our MarketPlace365 solution to generate quality leads and new revenue opportunities," said Randy Selman, President and CEO of Onstream Media. "We were also pleased to see a recently released analyst report affirming our expectations of meaningful growth in the worldwide virtual conference market, and we believe that Onstream Media's MarketPlace365 platform is well-positioned to become an integral part of this global trend."

Onstream's MarketPlace365 solution is a lead generation, social media marketing and comprehensive communications platform that enables publishers, associations, trade show promoters and entrepreneurs to rapidly and cost effectively self-deploy their own profitable, online virtual trade shows.

About Specialized Publications Corporation:

Specialized Publications Corporation is a multi-faceted business and publisher with industry leading titles including Dive Training, America's oldest consumer dive publication, Dive Center Business, Restaurant Start-up & Growth and representation with Business and Commercial Aviation, among others. For more information, contact SPC at 816-741-5151

About Onstream Media:

Onstream Media Corporation ( OTC: ONSM) is an 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 via the Internet. The DMSP provides our clients with intelligent delivery and syndication of video advertising, streaming video, mobile streaming 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, utilizing Onstream Media's Auction VideoT (patent pending) technology. In fact, 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, Bonnier Corporation, 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, eBay and Qwest. For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655.

Media Relations:
Chris Faust

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.