Stream Announces Closing of Private Placement

Stream Announces Closing of Private Placement

VANCOUVER, British Columbia, April 12 /PRNewswire-FirstCall/ -- The Board of Directors of Stream Communications Network and Media Inc., (BULLETIN BOARD: SCNWF) is pleased to report the private placement announced February 3, 2005, of 1,500,000 units at a price of $0.75 USD per unit is now complete.

About Stream

Stream is a broadband cable company and offers Cable TV, high-speed Internet and VoIP services in Poland. With 55,000 subscribers currently, Stream is one of the principal consolidators of the cable TV 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.

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.

This release was issued through Major Newswire (http://www.majornewswire.com/)

Source: Stream Communications Network and Media Inc.

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

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