MORPHEUS™ LAUNCHES 4.5 with NEOnet™ NEXT GENERATION PEER-TO-PEER TECHNOLOGY DEVELOPED BY HARVARD COMPUTER SCIENTISTS

Morpheus 4.5 Software Delivers Unprecedented Search Reliability While Solving P2P Internet Congestion Problem
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Los Angeles, October 6, 2004 - After four years in development by a group of Harvard educated computer scientists and coming on the heals of its recent 9th Circuit Appellate Court victory, StreamCast Networks™ Inc., today unveiled the latest version of its popular peer-to-peer file-sharing and search application, Morpheus™ with NEOnet™ - the revolutionary new technology that delivers the most reliable search results and file accuracy available in today's peer-to-peer universe. In addition to the newly created Neo Network™, Morpheus 4.5 enables users to seamlessly search and share files with users of all other major peer-to-peer applications and networks.

"This is not just another updated application from a technology developer. Morpheus 4.5 is a genuine leap forward in advancing peer-to-peer file-sharing and searching, thanks to the horizonless search capabilities of the NEOnet technology," StreamCast Networks CEO Michael Weiss observed. "For the first time ever, decentralized P2P technology delivers central server reliability in a completely decentralized architecture to provide a quality of service unparalleled by existing applications."

The core search capability of Morpheus 4.5, NEOnet, was created by a consortium of Harvard computer science alumni. Users of Morpheus 4.5 will create their own ad-hoc file-sharing Neo Network in addition to being able to search other existing file sharing networks including Gnutella, eDonkey and FastTrack**. Users will appreciate that once connected to the Neo Network, they will enjoy significantly better search and download results, in part because files are more easily found and greater resources are able to contribute to the downloading of each individual file.

The Neo Network is completely decentralized, meaning that all of the computer "nodes" on the network function individually, without the need for any central server or hub. Computers within the Neo Network communicate directly with each other.

"Unlike currently existing P2P technologies, NEOnet allows users to search the entire spectrum of the network, what we call horizonless search, and to find the specific file that a user wants," Ben Wilken, Architect of the underlying technology to NEOnet, stated. "Existing technologies only search small clusters of computers until a file is found and it is not uncommon for searches using other technologies to require anywhere from six to sixteen hops to find a specific file. Now, however, because of its ability to see the entire network at once, Morpheus with NEOnet allows users to find that file within three hops or less, significantly reducing the network congestion caused by peer-to-peer usage by up to 600%."

Using the needle in a haystack analogy, Weiss explains "while it might be easy to find a specific file using other P2P applications if that file has many multiple copies existing on the network, with NEOnet, the user can find that file even only one copy of it exists on the network, so with NEOnet the user can find the needle and not just the haystack."

NEOnet technology and the resulting Neo Network are fully scalable and will continue to grow as new Morpheus with NEOnet users add themselves to the network. Morpheus also offers users the ability to search for and download files across all the major peer-to-peer file-sharing networks and connects to Kazaa, iMesh, Grokster; eDonkey; Overnet; Gnutella, LimeWire, Bearshare and XoloX** users-seven million simultaneous users at any given time.

Other features incorporated with the new Morpheus 4.5 version include:

" XP Firewall Detection
" Metadata tool tips in search results
" Improved download performance
" Integrated anti-virus protection with user's virus scanning software to prevent malicious files
" Free Bitzi anti-spoofing look-ups to ensure file integrity
" Advanced parental controls
" Built-in media player
" File-Shredder to completely delete unwanted files
" Optional access to public and private proxy networks-provides greater user privacy
" Magnet Link support

Morpheus, available for FREE download at http://www.morpheus.com, is the only American P2P File Sharing software ruled legal by the US Federal Courts.

** StreamCast's use of the names, marks, or logos of its competitors or P2P networks is not intended to imply that StreamCast or any of its competitors is or are in any way associated or affiliated with, acquiring, or endorsing each other.

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 124 million copies of Morpheus.

Brian O'Neal
Sr. Director of Communications
StreamCast Networks
boneal _at_ morpheus.com
818-887-8610 ext. 122

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