IRVINE, CA October 5, 2005: Stream Theory, Inc., a division of Tadpole Technology plc (LSE: TAD), today announced that it has signed a worldwide content provider agreement with Hip Interactive Europe, a leading publisher and developer of game software. Hip Interactive Europe, recently rewarded with the MCV Award for Best Industry Newcomer, has licensed to Stream Theory popular PC games including the recently released Stolen and CT Special Forces: Fire For Effect as well as the upcoming release Garfield: Saving Arlene. Stream Theorys patented StreamFlow Games on Demand platform enables retailers, portals, game publishers, and ISPs to securely distribute PC games to broadband consumers under a variety of payment models.

Stream Theory and its partners offer us the opportunity to distribute our games to broadband customers around the world, said Olivier Goulon, COO of Hip Interactive Europe. We believe a strategy that combines traditional and digital distribution will yield the most consumers for our games and revenues for our company.

We appreciate our new relationship with Hip Interactive Europe and anticipate a very positive reception to their games from our international broadband distribution partners, said Steig Westerberg, CEO of Stream Theory. By making Hip Interactive Europes PC games available to consumers throughout the world we not only please broadband users looking for great games we also provide a new revenue stream for our game publishing and distribution partners, Westerberg continued.

Games on Demand (GoD) is a broadband-only service that streams games directly to a users PC. Unlike one-time purchases at retail or through installed downloads, GoD subscriptions provide recurring revenue streams for game publishers and distribution partners. GoD has emerged as a new revenue-generating window of opportunity for a PC game after its brief sell-through period. 2004 ended with 118 million worldwide broadband subscribers according to the Organisation for Economic Co-operation and Development. With Nielsen NetRatings reporting current U.S. penetration at 60% the desire for new online services from broadband users is accelerating adoption of new technologies and business models. According to Parks Associates, the number of households subscribing to GoD services will climb to more than 2 million by 2007.

About Hip Interactive Europe

Hip Interactive is a publisher and distributor of video games and accessories for interactive leisure. With its headquarters in Marseilles (France), Hip Interactive Europe publishes and distributes video games on all the European territories as well as other PAL territories. Hip Interactive Europe is present on all the main platforms: PC, Playstation 2, Xbox and Game Boy Advance. Hip Interactive Europe produces games based on its own brands such as CT Special Forces but also on licenses coming from the most important Hollywood Majors such as The Mummy. The Animated series from Universal. For more information, visit www.hip-europe.com.

Ml
You still on yahoo im?

yeah occasionally, later today/ evening.
Give you a call

M

moneylender take a look at TFC mate... WOW!!!! good news

Blue

Thanks for the tip, looks like Trafficmaster have a winner there

M

no probs...

Apologies for this ramp - it is not really my style - but I think the sp is going to be put under pressure short-term because thereafter it will rise to 7p by end of year. Someone know this and is therefore applying shorting pressure now.

still trading south of the 50 day MA

Snappy - I think your role in life is simply to put me in my place when I allow my enthusiasm to run away with me. Oh well, back to the corner to eat my plum pudding.

Hip Interactive Europe, recently rewarded with the MCV Award for Best Industry Newcomer, has licensed to Stream Theory popular PC games including

Did I read this correctly? Hip Interactive have licensed to Stream Theory?

So TAD is the buyer? Is that right? And TAD's marketing organization has to sell this stuff to make money (margin)?

anyone like to speculate on the full year figures now we have reached year end?

yes yuff I expect a 2.8m loss including goodwill writeoffs

snappy
can't see it anywhere near that, it was only 400k loss in H1 incl goodwill write offs, they must be almost cash positive now therefore i see the loss just under 400k if they have received all sb and oem money.
Seeing as we have not been told anything has changed we have to assume they did receive it.
Never know we might even make a small profit.

Profit and Tadpole - surely an oxymoron but we can live in hope. It seems I am, although Snappy keeps discouraging me from such hallucinatory feelings.

oh come on Yuff if they were about to breakeven or make a small profit people would have got wind of it and the share price wouldn't be 3.5p Bid.

Also they would probably have put out some sort of trading updating hinting at profitability.

Fair point Snappy but what is the current management forecast - have they explicitly stated that they expect to make a further loss, otherwise there is no need to update the market. I would also add that as the profit/loss will only be reported in a couple of months I doubt whether anyone knows excatly what the picture is (esp if it is a small profit or small loss). One thing I have noticed though is that GEM has not been mentioned in the last couple of months - long may it continue.

GEM is always a possibility until the Co's funding improves.
Either by profits or a cash call, I think the former is not too far away now.
But i could be wrong, I have been before (dont tell the wife).

M

What is GEM?

GEM - the fastest way to dilution (or should that be dissolution). Tad sells shares to GEM and use the cash price to pay extra bonuses to the Board. Something like that anyway. I am sure ML and Snappy will have a different way of explaining its usefulness.

Snappy
How do you get anywhere near 2.7m when H1 was 400k loss, H2 is always stronger for cartesia and the streaming division have about $3m coming in from Softbank and the OEM in sep.
Your figures for losses are pie in the sky numbers and if that was the case we would be drawing 300k a month from GEM, how do you explain that, Tad have no cash in the bank therefore how are they continuing to trade?