Onstream Media Corporation to Report Fiscal 2009 Second Quarter Financial Results...

Onstream Media Corporation to Report Fiscal 2009 Second Quarter Financial
Results on May 15

- Management to Discuss Financial Results During 4:30 p.m. ET Conference Call
on May 18 -

POMPANO BEACH, Fla., May 11 /PRNewswire-FirstCall/ -- Onstream Media
Corporation (Nasdaq: ONSM), 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 Monday, May
18, 2009, to discuss its fiscal 2009 second quarter financial results for the
period ended March 31, 2009. The Company anticipates releasing financial
results and filing its Form 10-Q after the close of trading on May 15, 2009.

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 2009. 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=59019 or by calling 1-888-437-3184
or 1-201-604-5116. 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=59019.

About Onstream Media:
Onstream Media Corporation (Nasdaq: 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,
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, AXA Equitable Life Insurance
Company, Bonnier Corporation, BT Conferencing, Dell, Disney, National Press
Club, MGM, PR Newswire, Shareholder.com (NASDAQ), and the U.S. Government.
Onstream Media's strategic relationships include Akamai, Adobe, eBay,
FiveAcross/Cisco 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
cfaust@fast-lane.net brett@haydenir.com

SOURCE Onstream Media Corporation

For Onstream Media, Chris Faust, FastLane Communications, +1-973-226-4379,
cfaust@fast-lane.net; or Investor Relations, Brett Maas, Hayden IR,
+1-646-536-7331, brett@haydenir.com