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Press Release

PRISMIQ and SnapStream Announce Software Integration Partnership
Partnership to extend pre-recorded TV program playback to TVs throughout the home on the PRISMIQ MediaPlayer

January 6, 2003 (HOUSTON, TX and SANTA BARBARA, CA) - PRISMIQ, Inc. (www.PRISMIQ.com), a pioneer in networked entertainment devices and software, and SnapStream Media, Inc., (www.snapstream.com), a leading developer of digital entertainment software, today announced a partnership for integration of SnapStream’s Personal Video Station TV recording software with the PRISMIQ MediaPlayer networked entertainment gateway system. This integration will provide consumers with greater PVR (personal video recorder) functionality and flexibility, with the ability to watch multiple television shows that were recorded on their PC hard disk simultaneously on TVs throughout the home.

SnapStream's patent-pending TV recording software resides on the networked PC and makes TV recordings onto the PC's hard disk. The PRISMIQ MediaPlayer sits atop any television, stereo, or entertainment center, and via an Ethernet, wireless (WiFi), or other home network connection enables users to play PC and Internet media files on their the home entertainment center, TVs and/or stereos. With this new partnership, users will also be able to access SnapStream TV recordings and play them back -- even different pre-recorded shows on different TVs at the same time – in a turn-key fashion.

"Through our partnership, consumers can easily watch SnapStream TV recordings back on their televisions. PRISMIQ's all-in-one set-top box will enable customers to watch digital recordings of their favorite TV shows, made with SnapStream, on any TV in the house," said Rakesh Agrawal, CEO of SnapStream Media.

"What is especially exciting for consumers is the additional product flexibility and functionality that our partnership with SnapStream provides, even enabling multiple pre-recorded television shows to be played on multiple televisions throughout the home," said Brad Kayton, PRISMIQ’s vice president of marketing and business development. "All of this takes place with very minimal CPU usage so the PC can still be used for normal, everyday computing applications."

SnapStream software turns the PC into a TV recording device, giving consumers the ability to digitally record their favorite television shows onto their PC hard disk in a PVR fashion. SnapStream TV recordings can then be accessed anytime, anywhere – over the wireless home network, over the Internet, on handheld devices, on laptops, and with devices like the PRISMIQ MediaPlayer, on televisions anywhere in the house.

The PRISMIQ MediaPlayer eliminates the requirement to be physically present at the PC in order to experience digital movies, MP3 audio, and digital pictures. It also connects to the Internet through the home network for relaxed, TV-based web surfing, instant messaging, personalized TV-displayed news, and easy access to emerging next-generation broadband services.

About PRISMIQ

PRISMIQ, Inc. transports the world of Internet and computer entertainment to where and when you want it by delivering affordable, high-quality, networked devices and media software. Led by a seasoned management team with extensive start-up experience and company successes, PRISMIQ is poised to lead the way to the future of affordable and logical entertainment gateway solutions consumers have been seeking. PRISMIQ, formerly Oxygnet, Inc, is based in California and can be reached at 650.685.2100 and on the web at www.PRISMIQ.com.

PRISMIQ is a trademark of PRISMIQ, Inc.

About SnapStream Media, Inc.

SnapStream Media, Inc. is a leading developer of digital entertainment products based in Houston, Texas. SnapStream's vision is to create high-quality consumer entertainment experiences that leverage PC technology. The company's personal video recording (PVR) software, Beyond TV™ was called "dazzlingly cool" by the Los Angeles Times, referred to as "an idea whose time has come" by the Associated Press and declared "better than TiVo" by Maximum PC. Interested parties can find more information about SnapStream Media and its products at www.snapstream.com.

Contact Information

Christina Lee
Phone: 713-644-6240, x28
Fax: 713-644-3215
Email: pr@snapstream.com
Website: www.snapstream.com