Stream Targets New Acquisitions.VANCOUVER, British Columbia -- Stream Communications Network Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :STNYF) (the "Company") intends to purchase several cable television networks in Poland. These acquisitions, once completed, will bring the Company's subscriber base up to 165,000 cable TV and Internet subscribers combined, with estimated annual revenues up to USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 12 million. The Company's revenue for the years ended 2002 and 2003 were some USD 3 million (Audited 2002 - 9.075 million zloty, unaudited 2003 - 10,232 million zloty). In addition to the acquisition program, the Company plans to upgrade existing networks and deploy new video and data transmission services. ABOUT STREAM COMMUNICATIONS NETWORK INC. Stream is a broadband cable company and offers CATV (Community Antenna TV) The original name for cable TV. It used a single antenna at the highest location in the community in order to deliver a quality signal to homes in areas with hilly terrain or other interference. and high-speed Internet services in the densely populated markets of Southern Poland (11.5 million inhabitants
The game is based loosely on the concepts from SameGame. 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 and beyond. Established in 1995, Stream has offices in Vancouver and Krakow, and is listed on the OTCBB, trading symbol Trading symbol See: Ticker symbol STNYF. Safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. for Forward-Looking Statements: There is no guarantee that the acquisitions mentioned in this News Release will be completed on the terms acceptable to the Company, or at all. Except for statements of historical fact, the information presented herein constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Inc. has little or no control. |
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