SOURCE: Market Pulse

May 05, 2005 08:25 ET

Market Pulse Breaking News Alert for Thursday, May 5, 2005: SCNWF - Stream to Release 2004 Year End Financials!

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Market Pulse.

ATLANTA, GA -- (MARKET WIRE) -- May 5, 2005 -- Market Pulse News Alert for this AM, Stocks to Watch are: Stream Communications Network & Media, Inc. (OTC BB: SCNWF), Renovis Inc. (NASDAQ: RNVS), Dell Inc. (NASDAQ: DELL), and Sirius Satellite Radio Inc. (NASDAQ: SIRI).

Investors need to be watching Stream Communications Network & Media, Inc. (OTC BB: SCNWF) this AM! SCNWF, after only five years, has grown into the 9th largest cable provider in Poland, and the fastest growing cable telecommunications company in Central Europe. 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, SCNWF is optimally poised for its next phase of growth. SCNWF had excellent news out in a press release at yesterday's closing bell announcing the release of their 2004 year end financials! This could be great news for investors!

Stream Communications Network & Media Inc. (OTC BB: SCNWF) wishes to report a 19.3% revenue increase from $3.7 million CDN in 2003 to $4.415 million CDN in 2004, which was mainly attributed to an increase in average revenue per subscriber and revenues from new service offerings. In 2004 the Company acquired approximately 10,000 new cable subscribers with the majority completed in the late 4th quarter, positive financial effects of these additions will be realized in 2005.

On average there has been a decrease in the cost of line maintenance, billing, customer service and access costs to the Internet. These factors combined with the increased revenues should contribute to positive cash flow from operating activities.

On April 12, 2005, Stream acquired an Internet Network in Southern Poland with 2,100 subscribers bringing the total Internet subscriber to 4,100 and on April 15, 2005 Stream entered into an agreement to purchase an additional 1,400 cable subscribers.

These two acquisitions combined with existing subscribers makes Stream the 8th largest cable communications provider in Poland. Stream's total Revenue Generating Units "RGU's" is now 58,500, bringing the Company's overall annualized revenues to $5.7 million CDN or $4.6 million USD for 2005 and on pace for a 29.1% revenue increase for the 2005 year end.

"Stream will continue to make subscriber acquisitions to increase revenue generating units, build out new services for potential customers, offer new services to existing customers, and increase content for additional channel viewing," said Stan Lis, President of the Company.

About Stream

Stream is a broadband cable company and offers Cable TV, high-speed Internet and VoIP services in Poland. With 58,500 subscribers currently, Stream is one of the principal consolidators of the Cable Communications sector and is a leading Cable TV operator and Internet provider in the densely populated markets of Southern Poland. Established in 2000, Stream has offices in Krakow and Vancouver.

Stocks acting well as of late include: Renovis Inc. (NASDAQ: RNVS), Dell Inc. (NASDAQ: DELL), and Sirius Satellite Radio Inc. (NASDAQ: SIRI).

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You should be aware that MP is often compensated for issuing analyses, recommendations or opinions concerning particular companies. Its opinion is therefore not unbiased and you should consider this factor when evaluating MP's statements regarding a company. MP has been compensated sixty thousand dollars from Stream Communications Network and Media, Inc. MP's officers and directors reserve the right to buy additional shares of the companies discussed in this opinion and may profit in the event those shares rise in value. When MP receives free trading shares as compensation for a profiled company, MP may sell part or all of any such shares during the period in which MP is performing such services. Market Pulse News Alert is a division of MP.

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