Onstream Media to Provide Comprehensive Internet Video Services for Multinational Latin-American Music Reality Contest

Onstream Media to Provide Comprehensive Internet Video Services for Multinational Latin-American Music Reality Contest

- WorldVibe Entertainment Group's Es Mi Planeta Subsidiary Contracts for a Comprehensive Suite of Digital Media Services -

POMPANO BEACH, Fla., Aug. 21 /PRNewswire-FirstCall/ -- Onstream Media Corporation (NASDAQ:ONSM), an online service provider of live and on-demand Internet video, today announced it has signed a service agreement with Es Mi Planeta, a wholly owned subsidiary of The WorldVibe Entertainment Group, a full spectrum entertainment company specializing in television production, touring, merchandising and tech marketing. Onstream will provide the Internet video broadcasting for the group's new Batalla De Las Americas (Battle of the Americas) three-continent music reality contest. Onstream will also provide user generated video and on-demand and pay-per-view services for the show, along with being contracted to provide all required bandwidth for the duration of the agreement.

Batalla De Las Americas is a series of contests, supported by Es Mi Planeta and has been three years in the making. The online presence of Batalla De Las Americas will be launching in early September of 2008. Batalla De Las Americas will consist of a thirteen week series, broadcast both online and via terrestrial TV and first appearing during the first quarter of 2009. In a novel approach, Batalla De Las Americas will broadcast the first portion of each show throughout Latin America and the US through its media network consisting of more than twenty partners. The www.esmiplaneta.com platform will broadcast the second half of the event online utilizing Onstream Media's Digital Media Services Platform (DMSP).

"As our search for an online video provider unfolded, we quickly realized Onstream Media was the single services provider capable of supporting such a large scale project," said Pat Joyce, CEO, WorldVibe Entertainment Group, parent of Es Mi Planeta. "In the end, we selected Onstream for its tremendous breadth of services and experience working with other premier entertainment companies."

"Batalla De Las Americas is the first truly global, multi-continent reality show, and it is going to break new ground in the Internet age," said Randy Selman, president and CEO, Onstream Media Corporation. "Our ability to help Es Mi Planeta make the online video presence for the show available to tens of millions of people across the globe is a true honor. In support of the show's grand-scale needs, we are bringing to bear a comprehensive selection of Internet TV services in combination with Akamai's world-leading content delivery network. The combination of these technologies will give viewers the highest quality, richest online video experience possible."

The web presence for the program will include a custom user generated video (UGV) web site and associated content management solution (CMS) to support the upload, publishing, management, and viewing of professional content submitted by Es Mi Planeta's content partners.

About WorldVibe Entertainment Group

The WorldVibe Entertainment Group, parent of Es Mi Planeta, is a full spectrum entertainment company specializing in television production, touring, merchandising and tech marketing. Focused on providing the best in all forms of Latin entertainment to the 45 MM Latino consumers in North America, 370 MM in South America and 150 MM in Central America and Puerto Rico and in all aspects of entertainment, including Television, Film, Music, World Tours, Major Events and Home Video/DVD.

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: AOL, AAA, AXA Equitable Life Insurance Company, Bonnier Corporation, Dell, Deutsche Bank, Disney, National Press Club, NHL, MGM, PR Newswire, Rodale, Inc., Televisa, WireOne, 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.

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: Investor Relations:
Chris Faust Brett Maas
FastLane Communications Hayden Communications
973.226-4379 646-536-7331
cfaust@fast-lane.netbrett@haydenir.com

Source: Onstream Media Corporation

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

Web site: http://www.onstreammedia.com/
http://www.esmiplaneta.com/

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