James Rupp, CEO Streamedia.NET, To address Streaming Media sector analyst forum; Investment Forum Coincides with Major Streaming Exhibition & will be Webcast

Business Wire, June 12, 2000

Business Editors

NEW YORK--(BUSINESS WIRE)--June 12, 2000

James Rupp, president and CEO of Streamedia.Net (NASDAQ: SMIL - news, SMILW - news; BOS: STA, STAW) and voted "One of the Hottest 25 People in Streaming" by Streaming Magazine, will be a featured speaker at the First Annual Sector Analyst Forum for the Streaming Media Industry, details below. Mr. Rupp will address the challenges facing the streaming media industry and how the combination of compelling content and enabling technology provides the key to a successful business model for Streamedia.Net.

"Streamedia.NetWorks(TM) integrates entertaining, interactive, streaming audio and video with dynamic, personalized news and information feeds," said Mr. Rupp. "Our creation and delivery of original, compelling programming showcases the streaming expertise and capabilities of our Streamedia Digital Solutions(TM) Group, and lets potential customers and partners readily see what we can do for them."

About The Streaming Media Sector Analyst Forum:

The Sector Analyst Forum, which coincides with the Streaming Media East 2000 Conference - the world's largest Internet audio and video event - will be held on June 13 from, 8 AM to 1 PM, in the New York Hilton, and will be moderated by Gerald F. LaKarnafeaux, CFA, VP, Investrend Research. The Forum features:

-- On2.com, Inc. (AMEX: ONT - news)

-- Loudeye Technologies (NASDAQ: LOUD - news)

-- OptiBase Ltd. (NASDAQ: OBAS - news)

-- Visual Data Corp. (NASDAQ: VDAT- news)

-- Network Appliance, Inc. (NASDAQ: NTAP - news).

And, in addition to Streamedia.Net (NASDAQ: SMIL - news), the following leading companies will be represented:

-- On2.com, Inc. (AMEX: ONT - news)

-- Loudeye Technologies (NASDAQ: LOUD - news)

-- OptiBase Ltd. (NASDAQ: OBAS - news)

-- Visual Data Corp. (NASDAQ: VDAT- news)

-- Network Appliance, Inc. (NASDAQ: NTAP - news).

"The purpose of this forum is to highlight a unique Internet and technology subsector, now numbering upwards of 80 public companies, that many feel may represent the greatest opportunity versus risk, and from which one or more of the major communications companies of tomorrow may emerge," said John Dutton, president of Investrend Research.

The investment forum (http://www.tradeshownews.com), presented by Investrend Analyst Forums (http://www.investrend.com) and the Streaming Media Alliance, Inc. (http://www.streamingmediaalliance.org - under construction), is co-sponsored and will be webcast live by Investor Broadcast Network at http://www.investorbroadcast.com, and also at http://www.investrend.com and many of the websites of participating companies. Full details may be found at http://www.investrend.com.

About Streamedia Communications:

Streamedia.Net (www.streamedia.net) is a digital media and broadband entertainment company broadcasting via the Internet. Its showcase product, The Streamedia.NetWorks(TM), integrates entertaining, interactive, streaming audio and video with dynamic news and information feeds delivered via its own StreamWire(TM). Streamedia.NetWork's professional broadcast producers create original, compelling programming for all audiences.

The Streamedia Digital Solutions(TM) Group offers a set of business-to-business solutions including rich media production services, IT services, web design, development and integration, as well as encoding, hosting and streaming.

Streamedia.Net has launched the first of its planned networks and their associated channels on the Web including Sports Style, Crime Broadcast, Women on the Edge, and Motion Art networks. Additionally, the Bijou Cafe, at www.bijoucafe.com , has been recently acquired by Streamedia.Net. Bijou Cafe is a leading independent film and digital entertainment destination site, and was recently hailed by USA Today as a "fun cyber-art-house with wide-ranging eclectic fare, from vintage serials and cult oldies to cutting-edge shorts and animation." With this acquisition, Streamedia.Net has advanced its presence in the critical online film distribution industry.

Certain statements contained herein are "forward-looking" statements (as such term is defined in the Private Securities Reform Act of 1995). Because such statements include risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause or contribute to such differences include continued acceptance of the Company's products in the marketplace, the timing of significant orders, delays in the Company's ability to develop or ship new products, market acceptance of new products, competitive factors, general economic conditions, currency fluctuations, and other risks detailed in the Company's registration statements and periodic reports filed with the Securities and Exchange Commission. By making these forward-looking statements, the Company undertakes no obligation to update these statements for revisions or changes after the date of this release.