Onstream Media Corporation to Report Fiscal 2010 First Quarter Financial Results on February 16 / Management to Discuss Financial Results During 4:30 p.m. ET Conference Call on February 17

POMPANO BEACH, Fla., Feb. 10 /PRNewswire-FirstCall/ -- Onstream Media Corporation , a leading online service provider of live and on-demand digital media communications and applications, today announced that its management will conduct a conference call at 4:30 p.m. ET on Wednesday February 17, 2010, to discuss its fiscal 2010 first quarter financial results for the period ended December 31, 2009. The Company anticipates releasing financial results and filing its Form 10-Q after the close of trading on Tuesday, February 16, 2010.

During this conference call, Mr. Randy Selman, President and Chief Executive Officer of Onstream Media Corporation and the Company's CFO, Mr. Robert Tomlinson, will discuss the Company's financial results as well as provide an outlook for the remainder of fiscal 2010. Management discussion will be followed by an open Q&A session.

Interested parties may listen to the presentation live online at http://www.visualwebcaster.com/event.asp?id=66079 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.visualwebcaster.com/event.asp?id=66079.

About Onstream Media

Onstream Media Corporation 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 Video(TM) (patent pending) technology. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. 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.

CONTACTS: Onstream Media: Investor Relations: Chris Faust Brett Maas FastLane Communications Hayden IR 973-226-4379 646-536-7331 [e-mail] [e-mail]

Onstream Media Corporation

CONTACT: Onstream Media: Chris Faust, FastLane Communications,
[phone], [e-mail]; Investor Relations: Brett Maas Hayden
IR, [phone], [e-mail]

Web Site: http://www.onstreammedia.com/