Onstream Media Corporation

Onstream Media Corporation to Report Second Quarter Fiscal 2013 Financial Results on May 15th

Management to Discuss Results and Fiscal 2013 Outlook in Conference Call on Thursday, May 16th

POMPANO BEACH, FL May 13, 2013- Onstream Media Corporation (OTCQB: ONSM) a leading online service provider of live and on-demand corporate audio and web communications and virtual event technology with integrated social media marketing tools, today announced that it anticipates releasing financial results for the second quarter of fiscal year 2013, the six and three month periods ended March 31, 2013, and filing its Form 10-Q with the Securities and Exchange Commission, after the close of trading on Wednesday, May 15, 2013.

Onstream will also conduct a conference call at 4:30 p.m. ET on Thursday, May 16, 2013. During this teleconference, Mr. Randy Selman, President and Chief Executive Officer of Onstream, will discuss those financial results and the continuing integration of the company's November 30, 2012 acquisition of Intella2, as well as provide an outlook for the remainder of fiscal 2013. The discussion will be followed by an open Q&A session.

Conference Call Details:

Interested parties may listen to the presentation live online at http://www.webcaster4.com/Webcast/Page/1/1410 or by calling 1-888-645-4404 or 201-604-0169. It is recommended to dial in approximately 10 to 15 minutes prior to the scheduled start time. An audio rebroadcast of the conference call will be archived for one year online at http://www.webcaster4.com/Webcast/Page/1/1410.

About Onstream Media:

Onstream Media Corporation (OTCQB: ONSM), is a leading online service provider of live and on-demand corporate audio and web communications and virtual event technology with integrated social media marketing tools. 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 MarketPlace365® solution enables publishers, associations, tradeshow promoters and entrepreneurs to rapidly and cost effectively self-deploy their own 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, PR Newswire, Shareholder.com (NASDAQ), Sony Pictures, and the U.S. Government. Onstream Media's strategic relationships include Akamai, BT Conferencing, and Trade Show News Network (TSNN). For more information, visit Onstream Media at http://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
Fastlane Communications

Investor Relations:

Donald C. Weinberger
Wolfe Axelrod Weinberger Associates, LLC
tel: (212) 370-4500

fax: (212) 370-4505 don@wolfeaxelrod.com

Adam Lowensteiner
Wolfe Axelrod Weinberger Associates, LLC
tel: (212) 370-4500

fax: (212) 370-4505 adam@wolfeaxelrod.com