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.