MidStream Technologies Appoints Cable Industry Veteran Dean Gilbert to Its Board of Directors.

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Bellevue, Wash.--(BUSINESS WIRE)--Jan. 27, 2003

Cable Operator Experience and Success as Entrepreneur to Advance

MidStream's Industry Leadership and Continued Customer Success

MidStream Technologies(TM), a leading developer

The appointment of Gilbert is effective immediately and increases the Board of Directors to six. As MidStream Technologies expands its sales efforts and achieves greater customer adoption of MidStream's IP2000 Video Server line, Gilbert's twenty years executive management experience in telecommunications, broadband services, and cable television is invaluable to the Company.

"Dean has been instrumental to our success in his previous role as an advisor to MidStream. He is exceptionally well regarded in the cable industry and has tremendous knowledge and experience managing technology companies that sell to the industry," said Ed Huguez, President and CEO of MidStream Technologies. "He will be a great addition to our Board of Directors and we welcome his continuing contributions to the Company especially in areas such as business strategy, business development and recruiting."

Currently, Gilbert currently serves as Managing Partner for Sandalwood Investments, an independent venture investment and advisory firm, where he is an investor and serves on the board or as an advisor to several companies in addition to MidStream Technologies including: BigBand Networks, HCORP (Hospital Network), Narad Networks, Ellacoya Networks, Sensitron, IVAST and Security Broadband Corp.

"I am pleased to have the opportunity to have a more active role in the company," said Gilbert. "MidStream has made great progress in the last year and has attracted strong investors because of its great leadership team. To date, it is the only next generation server company with a shippable product. The company is primed to be a major player in the VoD market and is the right choice for cable operators. MidStream provides cable operators with a financially viable and scalable VoD solution for large scale deployments that require low cost and provide high performance streaming."

Gilbert is former EVP/GM for @Home Network and former CEO of @Home Solutions, a JV formed to serve the small and mid-size cable markets. As General Manager of @Home from 1996-2000, he had P & L responsibility for the consumer services division of @Home Corporation with annualized revenue of over $275 million. As founding GM of the @Home division, Gilbert played a leadership role in building the business from its first subscriber to more than 2 million subscribers. He also led the effort to develop partnerships with 23 cable operators worldwide, making @Home Network the largest broadband Internet service provider.

Prior to @Home, he was president and CEO of Positive Communications, Inc., a venture capital backed independent provider of wireless products and services with more than 400 employees and $50 million in annual revenues. Gilbert's past experience also includes a position as Executive Vice President, Group Operations at KBLCOM, Inc. (dba Paragon Cable), where he managed five operating divisions with annualized revenues of $250 million. He also served on the Board of Paragon Communications, a joint venture of KBLCOM and Time-Warner.

Midstream is the first company to develop broadcast quality VoD servers designed from the ground up to empower cable operators and video service providers to deploy scalable, affordable and diverse VoD services, such as MoD SVoD, NPVR, LFA and On-Demand TV functionality over their existing infrastructure. The MidStream IP2000 Series of Video Servers achieves the performance and reliability of a dedicated hardware solution with the flexibility of software.

About MidStream Technologies

MidStream Technologies' builds next generation VoD servers for cable operators and other video services providers. Midstream's unprecedented broadcast quality VoD server enables video service providers to deliver to their subscribers the highest quality, most flexible on-demand services at the lowest price per stream. The company was founded in 1997 and is privately funded. For more information about MidStream Technologies: www.midstream.com.