Onstream Media Corporation

Onstream Media Appoints Ari Kestin as Executive Vice President and General Manager of its Webcasting Division

Mr. Kestin to Remain President of Onstream's Infinite Conferencing Subsidiary

POMPANO BEACH, FL, October 5, 2010 - Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology, announced today that Ari Kestin has been appointed the Executive Vice President and General Manager of its Webcasting division. Mr. Kestin will also continue as President of Infinite Conferencing, a wholly owned subsidiary of Onstream Media, a position he's held since June 2009. In his new role with Onstream's Webcasting division, Mr. Kestin will be responsible for all client-facing activities, sales and marketing, operations, partnerships, product and application development within the division.

"Over the past year, Ari has proven to be an effective leader for Infinite Conferencing, restructuring and reprioritizing the sales, solutions, services and strategic partnerships of the 'white glove' audio, web and collaboration services that we provide to our valued clients," said Randy Selman, President & CEO, Onstream Media. "We're pleased that he's now going to provide that same passion for excellence and business acumen to our webcasting operations, while continuing to lead Infinite to further successes."

As part of his career accomplishments prior to joining Infinite, Mr. Kestin served for six years as Director of Corporate Development at B & W Electronic Systems, a Germany-based mobile network systems and services company. He was also Managing Director of NetNet UK, overseeing 140 employees. Mr. Kestin is a 1995 graduate of Duke University, with a degree in comparative area studies. He holds a certificate in French language from the Sorbonne in Paris and currently serves as the Chairperson for the Duke University Alumni Admissions Advisory Committee (AAAC) for Switzerland.

About Onstream Media:

Onstream Media Corporation ( OTC: ONSM) is a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology. Onstream Media's innovative Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing, and publishing content via the Internet. The company's MarketPlace365T solution enables publishers, associations, trade show promoters and entrepreneurs to rapidly and cost effectively self-deploy their own profitable, online virtual marketplaces. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. 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: AAA, 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, Qwest and Trade Show News Network (TSNN). For more information, visit Onstream Media at www.onstreammedia.com or call 954-917-6655.

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.

Media Relations:
Chris Faust