NEW MORPHEUS™ 4 SOFTWARE RELEASED TODAY
CONNECTS USERS OF ALL MAJOR PEER-TO-PEER FILE-SHARING NETWORKS

Morpheus™ Users Will Now Have Simultaneous Connectivity to Users of Kazaa, iMESH, eDonkey, Overnet, Grokster, LimeWire, Gnutella, G2 and Others, All Through Single "Super" Application

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LOS ANGELES, February 3, 2004 -- StreamCast Networks™, Inc., creators of the popular Morpheus™ peer-to-peer file-sharing software, today announced the release of Morpheus 4, a radically-enhanced new version of the application including early access to the new NEOnet™ technology platform. Morpheus 4 is available for free download at www.morpheus.com.

Users of the powerful Morpheus 4 will enjoy finding more content than ever before, with direct connectivity to users of other existing peer-to-peer clients, including Kazaa, iMESH, eDonkey, Overnet, Grokster, Gnutella, LimeWire, G2 and others, truly uniting millions of worldwide peer-to-peer users simultaneously over a decentralized network, and including new features such as free voice chat (VOIP) that will enhance Morpheus' position as a leader in the peer-to-peer software space. Nearly 300,000 copies of the beta version of Morpheus 4 were downloaded in its first ten days of release, and it quickly became the ninth most popular software application downloaded on the Internet, based on figures obtained from CNET's download.com-a rare achievement for software in its beta stage of development.

"Morpheus 4 is the best file-sharing program on the planet," StreamCast Networks, Inc. Chief Executive Officer Michael Weiss commented. "Before now, file-sharing software only allowed users of a particular peer-to-peer network to connect together. Now, Morpheus allows users to connect the networks together. We expect to see huge demand, as the creation of Morpheus 4 represents a new frontier for peer-to-peer technologies and brings us one step closer to a unified global exchange network for sharing everything from the user's own music, movies, photos and software without the need for Web publishing and other intermediaries."

The new Morpheus 4.0 software includes:

o No spyware or hijackware.
o Seamless and simultaneous searches of files shared by users of Morpheus, Gnutella, Kazaa, eDonkey,
iMESH, Overnet, Grokster, LimeWire, G2 and other peer-to-peer networks.
o Free VOIP VoiceChat-chat by voice in real time with other users around the world and at no charge
o Multi-source downloading-for fast and efficient file acquisition.
o Integrated access to public proxy networks-provides greater anonymity in sharing and searching for files
o Hashed IPs-conceals the user's IP address within the Morpheus application.
o Options to allow you to protect your privacy by preventing other users from "browsing your shared file folder and snooping on your sharing and searching activity.
o Anti-virus protection--integrated with the user's virus scanning software to auto scan downloads.
o Simultaneously search the Web for files of any type-including audio, video, image, text, game and interactive media files.
o Advanced parental controls-allows you to monitor the files obtained by other members of your household.
o Built-in media organizer for downloaded files-with individual folders sorted by file type.
o Integrated Web search and Web browsing tools- find all types of files, including DRM content.
o Morpheus Media Player-view and/or hear downloaded media without launching other applications.
o File-Shredder--allows users to completely delete unwanted files from your computer.

"With the decisions handed down by the U.S. Courts, Morpheus remains the only legally sanctioned peer-to-peer file sharing application based in the U.S., and it was logical for us to take this next step in expanding the application's reach for our millions of users," Weiss added. "By maintaining the features that have already made Morpheus a leader in the P2P landscape-including our integrated media player, Web search functions, our spyware-free environment, and our proxy-server capabilities that help protect anonymity-Morpheus is now truly 'The One' among all peer-to-peer client applications. With greater speed and efficiency, Morpheus 4 is the ideal tool for third-party content providers who want to distribute a wide-range of digital media files quickly and efficiently to the widest range of online audiences."

Morpheus 4is available for free at www.morpheus.com

About StreamCast Networks, Inc.
StreamCast Networks, Inc., creators of the Morpheus software product is a leading global communications technology company that is revolutionizing Internet digital media distribution and communications via software that enables users to communicate directly with one another on an unprecedented scale. Users according to CNET's download.com have downloaded over 119 million copies of Morpheus.


Contact:
Christopher Barker or Brian Sibley
Text 100 Public Relations for StreamCast Networks

Phone: 206-381-3791

Brian O'Neal
Sr. Director of Communications
StreamCast Networks

818-887-8610 ext. 122

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