Our new management team in Poland, led by Adam Ilczuk, has finalized and, in some cases, is finalizing the implementation of new initiates in our marketing strategies, daily operations and management systems to improve revenues, decrease expenses and expand our business. Here is a short summery what's been done this month:

Marketing Initiatives:
1. Purchased 240 subscribers in close proximity to existing network;
2. Launched a new marketing campaign in Czestochowa;
3. Development of brand strategy to enhance visibility and image of Stream;

Corporate/Operations Initiatives:
1. Several contracts with existing service providers have been re-negotiated to reduce costs (savings of at least 15% on average);
2. Introduction of performance-based compensation system (in the process of being implemented);
3. Introduction of strategic management planning and reporting system in all departments;
4. Developed an organizational restructuring plan, that include merging existing subsidiaries to further reduce costs and allow for greater efficiency in managing the operations;
5. Prepared new duties, responsibilities and reporting system for all managers.

Networks Initiatives:
1. Decision to merge two networks in Czestochowa to decrease operating costs;
2. Prepared a plan of network upgrades including CAPEX and ROI analysis;
3. Created a system to evaluate ROI of each network and acquisition made by Stream.

Adam Ilczuk, President, Stream Communications Sp. Z o.o. (Stream Operations)

Mr. Ilczuk is a seasoned executive with over twenty years of progressive business experience and more than ten years of experience in the telecommunications & multimedia business sectors.

Throughout 2004 and 2005, Mr. Ilczuk worked in Russia as the Commercial Director of Comcor-TV and as Vice President of Sales and Marketing of its holding company Moscow CableCom Corp. Mr. Ilczuk managed the project of wiring the city of Moscow to provide broadband services including cable television, high-speed Internet access and IP-based telephony to residential and business customers.

Previously, Mr. Ilczuk spent 6 years working initially as a Financial Director, and later as Business Development Director and Regional Director for United Pan-Europe Communications (UPC) in Poland, and its predecessor company, Polska Telewizja Kablowa (later called @Entertainment). Mr. Ilczuk grew the business in one of his regions from 15,000 to 240,000 subscribers through aggressive acquisitions and new construction while raising the ARPU by over 200%. @ Entertainment was acquired in June 1999 by UPC, the largest cable operator in Europe for $1.1 billion.

Mr. Ilczuk holds an MBA in Finance from the University of New Haven. Mr. Ilczuk also attended the Warsaw School of Economics, where he studied International Business. He is also fluent in English, Polish, German and Russian.