Bank Approves Credit Loan Facility for Stream.

VANCOUVER, British Columbia -- Stream Communications Network and Media Inc. ("the Company" or "Stream") (OTCBB:SCNWF) is pleased to announce that the Company has established a credit facility with a Polish Bank. Stream has secured 1.8 million Polish Zlotys (USD 515,000) with the majority of the proceeds to be used to acquire an additional cable television network in Southern Poland with 4,200 subscribers and over 5,900 homes passed.

"This recent credit arrangement proves our solid financial status in Poland and establishes a strong relationship for future access to capital as the Company continues to grow. This acquisition allows the Company to immediately increase revenues putting us in a positive operating cash flow position and further strengthening our presence in this strategic market." Said Stan Lis, president of Stream.

Stream is a broadband cable company and offers CATV, high-speed Internet and VoIP services in densely populated markets in Southern Poland (11.5 million inhabitants and 3.2 million TV homes). Stream is one of the principal consolidators of the cable TV sector in that Region and intends to become a leading CATV operator and Internet provider in Southern Poland. Established in 1995, Stream has offices in Vancouver and Krakow, and is listed on the OTCBB, trading symbol  SCNWF.

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.