(STAW) Streamedia.Net Selected to Join the Beatnik Leaders Program.

Business Editors

NEW YORK--(BUSINESS WIRE)--June 20, 2000

Streamedia Digital Solutions Group(TM) Will Add New Service

Lines to Help Sonify Client Websites and Deliver Audio

to Mobile Digital Devices

Streamedia.Net(TM), www.streamedia.net, (NASDAQ: SMIL - news, SMILW - news; BOS: STA, STAW), announced today that it has become part of the Beatnik Leaders Program. The Beatnik Leaders Program brings together a network of Beatnik developers recognized for exceptional and groundbreaking design - from creating engaging listening experiences to complete interactive sound immersion - using the latest Beatnik tools.

The Streamedia Digital Solutions Group(TM) at Streamedia.Net will be among several of the world's top Internet professional service groups participating in Beatnik's Leaders Program. As part of Beatnik's relationship with Streamedia.Net, Streamedia.Net will educate its creative teams on the art and business of "sonifying" sites with music and sound, exploiting Beatnik's training and support tools and benefiting from business referrals. Adding an interactive audio functionality to Web sites raises the Internet experience to a new level, and as such, being a member of Beatnik's Leaders Program allows the Streamedia Digital Solutions Group to help its clients foster stronger brand recognition, create a more pleasurable user experience, and develop some of the longest user session times on the Web. Beatnik relies on the Leaders to subcontract or otherwise fulfill requests to sonify Web sites.

The Beatnik Leaders Program centers on the technical, artistic and practical elements of adding interactive sound and music to Web sites using leading Beatnik tools and the company's Rich Music Format (RMF). RMF is emerging as a Web standard for high quality, interactive, multi-track music and sound that does not require large file downloads or streaming, and provides secure Web-site licensing, usage and artist copyright protection.

Beatnik's RMF provides the Streamedia Digital Solutions Group with enhanced flexibility to help its clients improve their product and merchandizing by adding such elements as user interface sound effects; voiceovers, alerts, prompts, and narrations on their web site; site background music; integrations with Real Networks (NASDAQ: RNWK) formats, Windows Media formats from Microsoft (NASDAQ: MSFT), Shockwave and Flash from Macromedia (NASDAQ: MACR), and QuickTime from Apple (NASDAQ: AAPL). In addition to enhancing web sites and mobile digital devices, such as cellular phones, the technology can be used to create musical e-greeting cards and voice e-mail in a bandwidth-conservative environment.

About Streamedia.Net:

Streamedia.Net (www.streamedia.net) is a digital media and broadband entertainment company broadcasting via the Internet. Its showcase product, The Streamedia.NetWorks(TM), integrates entertaining, interactive, streaming audio and video with dynamic news and information feeds delivered via its own StreamWire(TM). Streamedia.NetWorks' professional broadcast producers create original, compelling programming for all audiences.

Streamedia.Net has launched the first of its planned networks and their associated channels on the Web including Sports Style, Crime Broadcast, Women on the Edge, and Motion Art networks. Additionally, the Bijou Cafe, at www.bijoucafe.com , has been recently acquired by Streamedia.Net. Bijou Cafe is a leading independent film and digital entertainment destination site, and was recently hailed by USA Today as a "fun cyber-art-house with wide-ranging eclectic fare, from vintage serials and cult oldies to cutting-edge shorts and animation." With this acquisition, Streamedia.Net has advanced its presence in the critical online film distribution industry.

The Streamedia Digital Solutions TM Group offers a set of business-to-business solutions including rich media production services, IT services, web design, development and integration, as well as encoding, hosting and streaming.

About Beatnik, Inc.

Beatnik brings interactive music and sound to the Web through its combination of technology, content and services. Beatnik's solution includes a line of applications, production music, sound content and the Mixman software product line, enabling the integration of interactive audio content into the Web experience. Beatnik develops, markets and sells its interactive audio solution to a community of creative professionals, potential licensees of its technology and consumers enabling them to build and interact with music and sound over the Web, on computers and other digital devices. Mixman Technologies, Inc. became a subsidiary of Beatnik in December 1999. Incorporated in 1996, Beatnik was founded by musician and composer Thomas Dolby Robertson.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements.

Factors that could cause or contribute to such differences include continued acceptance of the Company's products in the marketplace, the timing of significant orders, delays in the Company's ability to develop or ship new products, market acceptance of new products, competitive factors, general economic conditions, currency fluctuations, and other risks detailed in the Company's registration statements and periodic reports filed with the Securities and Exchange Commission.

By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.