Dow Jones 10384.64 +127.69 1:30 pm PST, May 4, 2005  NASDAQ 1962.23 +29.16 For info, visit access.smallcapnetwork.com S & P 500 1175.65 +14.48 Change your subscription status here Russell 2000 595.22 +10.74 VOLUME 05: ISSUE 34  Feature: Stream-ing Higher Revenues Business and revenue growth continuing nicely, thank-you.  Stream Communications (OTCBB: SCNWF) 2004 annual revenues surpassed 2003 (release below) by almost 20 percent to C$4.42 million ($3.5 million). The company feels that with the current subscriber base, annualized revenues for 2005 should see a 29 percent increase to C$5.7 million ($4.6 million). Since the corporate mandate is to aggressively add subscribers, we feel that both the customer base and the subsequent revenues generated should move well beyond the projections, and quickly. Read our April 17th Trading Alert for background on Stream--well worth your time, IMHO. Stream shares have been solid in the past weeks; trading well with decent volumes. The risk reward at these levels appears excellent as the stock is trading at the lower end of the .618 retracement of the price run, which started late last year.  The stock appears well supported at current levels, but a mental stop at 63 cents or so is prudent to avoid an unexpected sell-off in the stock. We continue to suggest accumulation at these levels by risk-oriented investors. 8th with a bullet We have little doubt that Stream's current acquisitive nature and execution of its business plan will see it climb rapidly (it's currently the 8th largest) up the list of cable/internet providers in Poland. Through its offices in Krakow, Poland it is well positioned to grow its business quickly as it acquires other providers and folds the subscribers into its network. With decreases in operating and technology costs, increased revenues and cost savings should impact significantly to grow positive cash flows. As well, the initiatives to add premium services to both residential and businesses will further enhance growth and revenues. We mentioned on April 17th the speed with which businesses such as Stream's can grow as evidenced by over 20 years of cable/internet growth in the US. We feel that Stream has exploited a niche that will take way less time to realize that growth and bring with it the attendant revenues, both for the company and its shareholders. Revenues come from subscriber growth as well as adding new services to existing customers. For those investors who wish exposure to a unique and frankly, established sector, Stream offers an interesting and we believe profitable addition to the speculative end of a portfolio. The technical aspects of the shares look compelling for traders and the business as a whole looks good for long-term investors. Something for everyone, it seems.   Press Release Stream to Release 2004 Year End Financials Wednesday May 4, 4:00 pm ET  VANCOUVER, British Columbia, May 4 /PRNewswire-FirstCall/ -- Stream Communications Network & Media Inc. (OTC Bulletin Board: SCNWF - News) wishes to report a 19.3% revenue increase from $3.7 million CDN in 2003 to $4.415 million CDN in 2004, which was mainly attributed to an increase in average revenue per subscriber and revenues from new service offerings. In 2004 the Company acquired approximately 10,000 new cable subscribers with the majority completed in the late 4th quarter, positive financial effects of these additions will be realized in 2005.   On average there has been a decrease in the cost of line maintenance, billing, customer service and access costs to the Internet. These factors combined with the increased revenues should contribute to positive cash flow from operating activities. On April 12, 2005 Stream acquired an Internet Network in Southern Poland with 2,100 subscribers bringing the total Internet subscriber to 4,100 and on April 15, 2005 Stream entered into an agreement to purchase an additional 1,400 cable subscribers. These two acquisitions combined with existing subscribers makes Stream the 8th largest cable communications provider in Poland. Stream's total Revenue Generating Units "RGU's" is now 58,500, bringing the Company's overall annualized revenues to $5.7 million CDN or $4.6 million USD for 2005 and on pace for a 29.1% revenue increase for the 2005 year end. "Stream will continue to make subscriber acquisitions to increase revenue generating units, build out new services for potential customers, offer new services to existing customers, and increase content for additional channel viewing," said Stan Lis, President of the Company. About Stream Stream is a broadband cable company and offers Cable TV, high-speed Internet and VoIP services in Poland. With 58,500 subscribers currently, Stream is one of the principal consolidators of the Cable Communications 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 & Media Inc.   We Value Your Feedback Got comments, questions or suggestions? Send 'em on over: Editor@smallcapnetwork.com If you wish to send a written request or inquiry, please send it to our physical address: TGR Group, LLC 3525 Del Mar Heights Rd #334 San Diego, CA 92130   Unsubscribe Here D I S C L A I M E R: The SmallCap Digest is an independent electronic publication committed to providing our readers with factual information on selected  publicly traded companies. SmallCap Digest is not a licensed investment professional or broker-dealer. 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