NASDQ: SMIL Warrants: SMILW
BOSTON: STA Warrants: STAW

What better 'ValueDiscovery' to initiate our "trader's specials" series on undiscovered, undervalued and under traded companies in the small cap sector than Streamedia.Net(TM) (NASDAQ: SMIL, SMILW; BOS: STA, STAW), located at www.streamedia.net, the infamous 'Last IPO of the 20th Century' as forever identified by the New York Times.

(1). SMIL IS TRADING WELL BELOW ITS PEERS

To start with, if Streamedia were valued at the average of its peers, it would be trading in the $3 to $4 range, triple or quadruple its recent price. That's a statistic that traders and speculators uninterested in fundamentals will consider. Those looking may choose to take a peek at an industry web site, http://www.streamingmediaalliance.org, which contains a portfolio of some 85 public companies in the streaming sector.

(2). U.S. BANCORP PIPER JAFFRAY INDUSTRY RESEARCH REPORT

A big help in differentiating Streamedia and its small group of revenues-producing peers is an astounding new research report by U.S. Bancorp Piper Jaffray, whose analysts concluded that "streaming media is the next macro growth driver on the Internet ... the Internet of tomorrow (two to five years) will resemble television of today in terms of audio and video quality, while enabling users to control the media viewing experience." This powerful research report, which actually references Streamedia as a select grouping of key players for tomorrow is located here.

(3). NEW MANAGEMENT

New Vice Chairman, Robert Wussler, former president of CBS Television and co-founder with Ted Turner of CNN, TBS and TNN, calls streaming media "The Third Broadcast Revolution". Wussler is obviously a legend in the broadcast industry and continues in private partnerships with Turner, as well as sitting on the boards of numerous companies. He is a former president of the Atlanta Braves and like a recent addition to the Board, Gary Feuerman, who was instrumental in the development of CBS Sportsline (NASDAQ: SPLN), provides the company with connections in the world of sports as well as the corporate community. Wussler was also, for ten years, president of the Emmys, so to suggest he is "connected" is an understatement.

The company's new President/CEO is Henry Siegel, like Wussler, one of the true legends in broadcast. Recognized by Advertising Age as one of the "Pioneers of the First 50 Years of Broadcast", Siegel has been canonized as the inventor of "barter syndication", which is the lifeblood of the Cable industry as we know it. His Baywatch series became the "most watched" television series in history. He is also known to and connected to a huge swath of potential clients of the company in the entertainment industry on a global basis.

(4). November 14, 2000, Streamedia.Net 3Q Revenues Gain 300% Over 2Q

Streamedia.Net today announced that its revenues for the third quarter of 2000 were $370,459, up significantly from $24,430 for the third quarter in 1999.

(5) NEW FINANCING

SMIL has arranged future financing, over $1m of which has already been banked. This comes at a time when "dotcoms" are noisily and publicly closing doors right and left for lack of capital. Indications are that fresh capital, if needed, is clearly there. And the company already hinted in one of its releases, if you read carefully between the lines, that there is no shortage of inquiries about business combinations, mergers and acquisitions.

FOR A FULL REPORT ON STREAMEDIA (SMIL) PLEASE GO TO: www.valuediscoveries.com

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