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Onstream Media Corporation (NASDAQ:ONSM) Pompano Beach, Fla., an online service provider of live and on-demand internet video, has announced the launch of iEncode(TM), a full-featured, turnkey webcasting solution that operates inside a customer's corporate LAN environment. The new iEncode(TM) webcasting product provides Onstream Media's customers with the flexibility to instantly produce webcasts from within their own network, controlled by their own personnel, and with the power of the wide range of features offered by Onstream Media's proprietary Visual Webcaster platform. Onstream Media will be offering the iEncode(TM) appliance priced at under $10,000 end user list price. In addition to revenue from initial hardware sales, Onstream Media will derive ongoing revenues from iEncode(TM) users for per-event fees, storage and bandwidth usage.