Onstream Media Corporation to Report Second Quarter Fiscal 2012 Financial Results on May 15; Conference Call on May 16;

Onstream Media Corporation to Report Second Quarter Fiscal 2012 Financial Results on May 15; Conference Call on May 16; $ONSM

Onstream Media Corporation (Nasdaq: ONSM) is a leading online service provider of live and on-demand Internet broadcasting, corporate web communications and virtual marketplace technology. 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 announced that its management will conduct a conference call at 4:30 p.m. ET on Wednesday, May 16, 2012, to discuss its second quarter fiscal 2012 financial results for the six and three months ended March 31, 2012. The Company anticipates releasing financial results and filing its Form 10-Q after the close of trading on the previous day, Tuesday, May 15, 2012.

During the call, company president and CEO Randy Selman and CFO Robert Tomlinson will discuss the Company's financial results as well as the outlook for the remainder of fiscal 2012. 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=87123 or by calling 1-888-645-404 or 201-604-0169. 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=87123.

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