Onstream Media: ONSTREAM MEDIA CORPORATION (OTCMKTS:ONSM) Files An 8-K Entry into a Material Definitive Agreement

Onstream Media Corporation, a Florida corporation (the “Company”), entered into an Asset Purchase Agreement (the “Purchase Agreement”) with Issuer Direct Corporation, a Delaware corporation (the “Buyer”), whereby the Company sold and the Buyer purchased certain assets related primarily to customer accounts, intellectual property, fixed assets and assumed certain existing contractual obligations related primarily to data processing and storage, bandwidth and facility leases relating to the webcasting business of the Company (collectively, the “Business”). The accounts receivable and the accounts payable related to the Business and existing as of the Closing Date were not included in this purchase and sale.