Stream Communications Corporate Update

Stream Communications Corporate Update

VANCOUVER, British Columbia, April 7 /PRNewswire-FirstCall/ -- Today, after only five years, Stream Communications Network & Media, Inc. (BULLETIN BOARD: SCNWF) has grown into the 9th largest cable provider in Poland, and the fastest growing cable telecommunications company in Central Europe.

More importantly, with annualized revenues of US$4.2 million at 2004 year end, a positive operating cash flow, five years of consistent growth and a highly experienced management team, the company is optimally poised for its next phase of growth.

Propelled by the recent U.S. and German listing, and upon the completion of the proposed financing of US $50 million, the company will continue to strategically target acquisition and consolidation opportunities throughout Poland, as the Company builds toward 150,000 to 200,000 subscribers by the end of 2005, making us the country's 5th largest cable company.

Currently, Poland remains a deeply fragmented market, with over 500 independent cable providers in operation throughout the country, many of them privately owned networks that are ripe for consolidation. This, combined with the country's strong economy, rising wages, lack of restrictions on foreign trade and recent induction into the European Union, strongly suggests that Poland is poised for unparalleled growth.

In the past six months alone the Company has acquired two cable networks and two Internet service providers, as Stream continues to aggressively pursue its goal of becoming one of Poland's leading broadband service providers. The addition of Internet customers allows Stream to further increase profitability by converting Internet users to premium cable, as well as to the highly lucrative high-speed Internet services provided by our existing cable infrastructure.

The combination of capital financing and the potential for numerous acquisitions in Poland and the Central European region, will all have a substantial impact on the success of Stream over the coming year and beyond.

Safe harbor for Forward-Looking Statements:

Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which Stream Communications Network and Media Inc. has little or no control.

Source: Stream Communications

CONTACT: Mike Young, Investor Relations of Stream Communications,
+1-604-669-2826, or toll free, +1-800-704-9649, mike.young@streamcn.com

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