Stream Communications Network & Media Inc. announced appointment Robert Dziublowski as chairman, Jan Rynkiewicz as President and Chief Executive Officer, Iwona Kozak as Corporate Secretary. The also appointed the audit Committee of the Company for 2009 will be comprised of Przemyslaw Aussenberg Jan Rynkiewicz and Robert Dziublowski. The Compensation Committee of the Company for 2009 will be comprised of Robert Dziublowski Jan Rynkiewicz and Iwona Kozak. The Corporate Governance Committee of the Company for 2009 will be comprised of Robert Dziublowski, Jan Rynkiewicz and Przemyslaw Aussenberg. The company also announced that Deloitte & Touche LLP has resigned as Stream Communications' auditor of its own accord, and BDO Numerica International Auditors and Consultants Sp. z o.o. were considered and approved by the Board of Directors to replace them.

Stream Communications Network & Media Inc. reported consolidated earnings results for the first nine months ended September 30, 2008. The company reported revenue of CAD 1,379,475 for the nine months ended September 30, 2008 against CAD 5,640,847 in the prior year period. Revenue decreased by 76% in the current year as compared to 2007 because only two months of revenue from Stream Poland were consolidated, whereas in prior years Stream Poland was a fully consolidated subsidiary. Adjusted EBITDA for the period was negative CAD 804,515 against a gain of CAD 280,355 in the same period in 2007. The difference is primarily attributable to the above mentioned gain on the sale of shares to Penta Investments, and the lack of comparable revenues because only two months of Stream Poland expenses were consolidated. In the period ended September 30, 2008, the company earned a net profit of CAD 2,802,556 against a net loss of CAD 936,345 in the same period in 2007, due to the consolidation reporting change and the gain made on the sale of shares to Penta Investments.

Stream Communications Network & Media Inc. announced audited consolidated earnings results for the year ended December 31, 2007. For the year, the company reported net loss of CAD 3,107,320 or CAD 0.04 basic and diluted loss per share on revenues of CAD 7,376,978 against net loss of CAD 4,485,893 or CAD 0.08 basic and diluted loss per share on revenues of CAD 6,472,905 reported a year ago. Adjusted EBITDA was negative CAD 1,255,799 versus negative CAD 502,984 in 2006. The difference is primarily attributable to transactions with advisors engaged by the company to assist in the completion of the Penta investment which closed subsequent to the end of the year.