Sunday 24 August 2008

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, selling and technical school marketing. Onstream
will provide the Internet video broadcasting for the group's new Batalla De
Las Americas (Battle of the Americas) three-continent medicine reality
contest. Onstream will also provide user generated video and on-demand and
pay-per-view services for the show, along with beingness contracted to provide
all required bandwidth for the duration of the correspondence.

Batalla De Las Americas is a series of contests, supported by Es Mi
Planeta and has been three days 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 baker's dozen week serial, broadcast
both online and via terrene TV and first appearing during the first
quarter of 2009. In a novel approach, Batalla De Las Americas will
broadcast the number 1 portion of each show throughout Latin America and the
US through its media network consisting of more than xX partners. The
http://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 on-line video supplier unfolded, we quickly
realized Onstream Media was the single services provider up to of
load-bearing such a large scale of measurement project," aforementioned Pat Joyce, CEO, WorldVibe
Entertainment Group, parent of Es Mi Planeta. "In the end, we selected
Onstream for its fantastic breadth of services and experience working with
other premier entertainment companies."

"Batalla De Las Americas is the beginning truly world, multi-continent
realism show, and it is going to break new ground in the Internet age,"
aforementioned Randy Selman, president and CEO, Onstream Media Corporation. "Our
ability to help Es Mi Planeta make the online telecasting 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 caliber, richest on-line video
experience possible."

The web presence for the program volition include a custom drug user generated
video (UGV) web site and associated content management root (CMS) to
support the upload, publishing, management, and viewing of professional
depicted object 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 party specializing in television production,
touring, marketing and technical school marketing. Focused on providing the best in
all forms of Latin amusement 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 publication content via the Internet. The
DMSP provides our clients with intelligent delivery and syndication of
video ad, and supports pay-per-view for online video and former
rich media assets. The DMSP besides provides an efficient work flow for
transcoding and publication user-generated capacity in combination with
social networks and online video classifieds, utilizing Onstream Media's
Auction Video(TM) (patent pending) engineering. In addition, Onstream Media
provides live and on-demand webcasting, webinars, web and audio frequency
conferencing services. In fact, almost half of the Fortune 1000 companies
and 78% of the Fortune 100 CEOs and CFOs have secondhand 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 entropy, visit Onstream Media at
http://www.onstreammedia.com or call 954-917-6655.

Certain statements in this papers 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
restriction, the business outlook, assessment of mart conditions,
hoped-for financial and operating results, strategies, succeeding plans,
contingencies and contemplated transactions of the company. Such
forward-looking statements are not guarantees of future performance and ar
subject to known and unknown risks, uncertainties and other factors which
may cause or contribute to actual results of party operations, or the
functioning or achievements of the company or industry results, to dissent
materially from those explicit, or implied by the forward-looking
statements. In addition to whatsoever 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 onward looking statements include, only are
not limited to fluctuations in demand; changes to economic growth in the
U.S. economic system; government policies and regulations, including, merely not
limited to those affecting the Internet. Onstream Media undertakes no
obligation to publicly update whatsoever forward-looking statements, whether as a
outcome of raw 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.net brett@haydenir.com



More info