Onstream Media Corporation

Virtual Commerce Launches Home Service Expo Utilizing Onstream Media's MarketPlace365T Platform

POMPANO BEACH, FL, November 9, 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, today announced the launch of Virtual Commerce's Home Service Expo, powered by Onstream's MarketPlace365T platform.

Home Service Expo, believed to be the home service industry's first 24/7 online home show, features many of South Florida's home service contractors, service providers and remodelers. The virtual expo is the brainchild of John Castellano and Rick Bell, two veteran home builders with over 50 years of combined experience in the field of construction and remodeling.

"When the MarketPlace365 technology was first introduced to me, I immediately saw the need for this comprehensive solution in the local home service industry," said Mr. Bell, Virtual Commerce LLC's managing member. "The integrated online marketing tools offered within MarketPlace365 will enable Home Service Expo to revolutionize how we use the web to promote the latest information on home products and services, everything from lawn and garden and pest control to decorating your family room. In short, Home Service Expo will guide you to the right products and vendors you need for your project."

Home Service Expo allows online users to browse through hundreds of local vendors and suppliers to find the latest products and services available in a specific geographic area. The show features:

. A Media Library with a variety of on-line tutorials from "How to Grow a Butterfly Garden" to "How to Find the Perfect Realtor."
. A Conference Center which will introduce keynote speakers including CEOs of Exhibitor Companies, and other experts in the Home Service industry.
. A Learning Center where attendees can take interesting classes from Kitchen Remodeling to Continuing Education for a variety of trades.

There are also plans to add social media features in the Lounge that will allow attendees, exhibitors and experts in the home service field to gather in chat rooms to discuss a variety of topics. Attendees will also be able to find other social media including blogs, Facebook and Twitter in the Lounge area.

"Home Service Expo helps homeowners find local contractors to improve, remodel and service their properties - all from one, easy-to-use, centralized online platform enabled by MarketPlace365," said Randy Selman, President & CEO, Onstream Media. "Local advertising designed to attract the homeowner is heavily contested by yellow pages, cable providers, coupons, newspaper ads, flyers, local magazines, radio and other vehicles. Therefore, we are exceptionally pleased by the overwhelming positive response from local home service and remodeling professionals that have embraced this new multimedia lead generation technology."

"Our exhibitors include Lindstrom Air Conditioning, California Closets, Outdoor Lighting Perspectives, Mellon Security and many more," added Bell. "Our goal is to feature over two hundred and fifty exhibitor booths within the first three months of operation in the South Florida market and then roll out in four other Florida markets this year. We will focus in our second and third years on developing four regional markets throughout the United States. This will be accomplished by developing strategic alliances with national vendors which will allow us to launch new territories starting with as many as one hundred booths in each show."

MarketPlace365 is a comprehensive, online lead-generation and communications virtual trade show platform that enables publishers, associations and tradeshow organizers to quickly, easily and affordably self-deploy and manage their own online multimedia "marketplace," while creating a compelling social-media experience for the attendee. MarketPlace365 brings communities with common interests together online for commerce and information exchange. MarketPlace365 features include: social networking, search engine optimization, advanced analytics, videos, webinars, presentations and a full suite of marketing and communications tools.

About Virtual Commerce, LLC

Virtual Commerce, LLC manages on-line media and provides marketing and advertising services to local, regional and national organizations using the latest technology to create product awareness, lead generation and social relevance. As the creator of www.HomeServiceExpo.com, Virtual Commerce changes the dynamics of web browsing and engages users with interactive tools to dynamically improve the virtual shopping experience.

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