Stream Communications Network and Media Inc.
OTC Bulletin Board : SCNWF

Stream Communications Network and Media Inc.

August 15, 2005 19:18 ET

Stream Announces Changes to the Board of Directors

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 15, 2005) - Stream Communications Network and Media Inc. (OTCBB:SCNWF) announces changes to the Board of Directors today. Effective immediately existing Board member Mr. Robert Wussler has accepted the position of Chairman of the Board and concurrently, Chief Financial Officer Mr. Casey James Forward has been appointed as a Director of the Company.

In addition Mr. Stan Lis has resigned from his position as President, CEO and Director and will be taking a leave of absence for personal reasons. Vice President of Corporate Affairs Iwona Kozak has been appointed to serve as interim President.

Effective immediately the Company Board of Directors is as follows:

Robert J. Wussler Chairman of the Board, Director
Iwona Kozak President, Director
Adam Wojcik COO, Vice President Business Development,
Casey Forward CFO, Vice President Corporate Finance,
Mike Young Secretary, Director, Corporate Development
Robert Wooldridge Director

"Stream is well positioned to continue its growth in market share while increasing revenues and shareholder value. Utilizing the talent of all members of the Board in bringing the Company to the next level of growth is my top priority," said Ms. Kozak.

About Stream

Stream is a broadband cable company and offers cable TV, high-speed Internet and VoIP services in Poland. Currently the 8th largest cable communications company with 58,500 subscribers. Stream is one of the principal consolidators of the cable communications sector in Poland and is a leading cable TV operator and Internet provider in the densely populated markets of Southern Poland. Stream entered the cable market in 2000 and has offices in Krakow and Vancouver.

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.

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