MediaPlatform and Onstream Media Join Forces to Bring Next-Generation, Enterprise-Quality Webcasting to Market

LOS ANGELES, CA and POMPANO BEACH, FL--(Marketwire - Sep 13, 2011) - MediaPlatform, Inc., the enterprise video software company, and Onstream Media Corporation (NASDAQ: ONSM), a leading online service provider of live and on-demand corporate audio and web communications and virtual events, today announced that the two companies have completed the integration of their technologies to deliver a new level of sophisticated webcasting services and functionality for enterprises.

Onstream's VisualWebcaster, combined with MediaPlatform's WebCaster cloud-based webcasting platform, enables users to create and conduct live and on-demand webcasts. By integrating the platforms, MediaPlatform clients can take advantage of Onstream's encoding and production services, as well as advanced content delivery and event support, while Onstream customers receive MediaPlatform's front-end features and functionality, including:

• A self-provisioned, wizard-driven production controller
• The ability to reach audiences on multiple devices, browsers and platforms
• Support for multiple remote presenters
• Application desktop sharing capabilities
• Webcam support
• Multiple social networking options
• Advanced archive editing tools

"By integrating our technology with MediaPlatform's WebCaster platform, we can now offer a more comprehensive solution that provides the next generation of corporate event production to our combined client base," said Randy Selman, president and CEO, Onstream Media. "MediaPlatform's technology will enable our customers to manage events themselves with increased flexibility and customization."

"The integration with MediaPlatform also gives Onstream the ability to offer clients multicast fusion on the Adobe® Flash® platform, which is a streaming technology that enables increases in video consumption without a commensurate increase in network load," said Ari Kestin, executive vice president and general manager of webcasting, Onstream Media. "These new technologies will allow us to meet the increasing demand for enterprise webcasting."

"Our webcasting technology platform has been tested and proven in some extremely demanding corporate environments, so we're confident we'll be able to provide Onstream and its customers with the sophisticated functionality they're seeking and the reliability they demand," said Jim McGovern, CEO, MediaPlatform.

About MediaPlatform, Inc.
MediaPlatform, Inc. delivers best-in-class webcasting and media management technology to global enterprises and digital media producers. MediaPlatform's webcasting software enables high-impact presentations for lead generation, corporate communications and training. The company offers organizations the ability to take advantage of scalable cloud-based computing, as well as on-premises deployment, to present and manage rich media. With media management tools built on its platform, the company helps clients derive long term archive value from their investment in media content. www.mediaplatform.com www.twitter.com/webcaster

About Onstream Media:
Onstream Media Corporation (NASDAQ: ONSM), is a leading online service provider of live and on-demand corporate audio and web communications, virtual event technology, and social media marketing. 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, National Press Club, PR Newswire, Shareholder.com (NASDAQ), Sony Pictures, and the U.S. Government. Onstream Media's strategic relationships include Akamai, BT Conferencing, Qwest, and Trade Show News Network (TSNN). For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655.