Onstream Media to Move Listing from NASDAQ to the OTCQB Market

Onstream Media Corporation(NASDAQ: ONSM), a leading online service provider of live and on-demandcorporate audio and web communications, virtual event technology, and socialmedia marketing, today announced that its Board of Directors has voluntarilydecided to move the listing of its common stock from The NASDAQ Capital Market("NASDAQ") to OTC Markets' OTCQB marketplace ("OTCQB"). Onstream Media expectsthat its stock will begin trading on the OTCQB under its ticker symbol "ONSM"effective October 22, 2012. As of that date, investors and other interestedparties will be able to view the Real Time Level II stock quotes for ONSM athttp://www.otcmarkets.com."We believe that our decision to move to the OTCQB is in no way an adversereflection of the financial stability or viability of the Company," statedRandy Selman, President and CEO of Onstream Media. "We carefully evaluated ouroptions to maintain our listing on NASDAQ, including whether or not toimplement a reverse split to satisfy the $1.00 per share minimum bid pricerequirement, and concluded that it was not in the best interest of ourshareholders.  We believe the transition to the OTCQB will be relativelyseamless and will continue to provide existing and new shareholders a qualitymarketplace to trade our stock."Mr. Selman continued, "Our revenues and operating cash flow for the mostrecently reported quarter represented Company records. Looking forward toFY2013, we expect continued record revenue and cash flow as a result ofexpanding sales into new markets for our new and existing products andservices."