Financial Releases

2009 Annual Revenue

Paris, March 30, 2010 – StreamWIDE (Alternext Paris: ALSTW), the specialist in next generation, value-added telephony solutions for telecom carriers, today announced its annual revenue for 2009.

In 2009, StreamWIDE recorded consolidated revenue of €7.2 million, an increase of 18.8% compared to FY 2008. For the second half of 2009 alone, revenue totaled €4.1 million, up 34.8% compared to the second half of 2008 and up 35.3% compared to the first half of 2009.

This good performance over the second half was essentially due to two primary factors:

• The positive seasonal effect on 4th quarter sales, which did not occur in 2008.
• The upramping of distribution agreements signed with the sector’s leaders at the start of 2009.

Over 2009 as a whole, software sales represented 52% of total Group revenue, versus 37.7% for the first half alone, while services represented 35% of total revenue and merchandise represented 13%. This acceleration in software sales in 2009 illustrates renewed growth for StreamWIDE’s activities.

Existing clients comprised 81% of the revenue for 2009. The intensification of sales relations with telecom carriers that was seen in the first half was reaffirmed, and furthermore, the second half of 2009 was marked by an upturn in their investments.

Geographically, 55% of revenue came from abroad and 45% from France (including 6.3% from French distributors acting on behalf of international clients). Therefore, in 2009 overseas revenue surged 68.5%. Revenue recorded in France was down 13.1% compared to 2008, but there was a substantial upturn in activity over the second half: +20.3% compared to the second half of 2008 and above all +102.1% compared to the first half of 2009.

StreamWIDE’s activities saw a return to growth in 2009. Although it is too soon to talk of a deep-rooted trend, there is no denying that carriers, notably in France, resumed their investments during the second half of the year, thus ending their wait-and-see stance that could have had detrimental technological consequences on their offerings in the long term.

The annual revenue for 2009 thus reaffirms StreamWIDE’s excellent positioning, with the Group immediately able to benefit from the upturn in investments by French telecom carriers, as well as the relevance of its international strategy.

Accordingly, StreamWIDE anticipates significant net profit for 2009 that will demonstrate growth compared to the results published for the first half of 2009.

¹ Audit procedures completed, auditors report relative to financial accounts in the process of being issued.