RESIGNATION OF REGISTRANTS' DIRECTORS


Ladies and Gentleman:

Because a faction of  Streamedia's  Board of Directors  has  undertaken to seize
executive control of the company in a manner which I feel is hostile and that is
not in the best interest of the Company and its shareholders, and because I have
gone on record in protest of such action,  I feel that I can no longer,  in good
faith,  represent the interests of the  Shareholders as a member of Streamedia's
Board.  Therefore, I tender my resignation effective at midnight,  October 21st,
2000. I have been honored to serve the Shareholders over the last two years and,
as a shareholder, will attempt to support the well-being of the Company in every
way possible. Thank you.


Yours truly,


David J. Simonetti
Ex-officio










October 24, 2000

Mr. David J. Simonetti
1700 NE 4th Court
Fort Lauderdale, FL  33301


Dear David:

It is with some  regret  that we  received  your  letter of  October  20,  2000,
announcing your resignation from the Streamedia Board of Directors.

We are obligated,  however,  to correct any  misunderstanding  that you may have
regarding the Board's recent actions.  Contrary to your assertions,  the actions
taken  by the  Streamedia  Board at the  October  20,  2000  meeting  could  not
reasonably be described as "hostile" -- the board  actions were fully  supported
by every  voting  board member but you.  Also,  the Board acted  pursuant to the
outside   consultant's   recommendations   to   the   Company.   Because   these
recommendations  were  prepared  under your  direction  and  management,  we are
puzzled that you would now describe the board's actions as "seize[ing] executive
control."  Lastly,  and most  importantly,  I firmly  believe  that the  Board's
actions  were   necessary  to  refocus  and  improve  the  company's   business.
Notwithstanding  your suggestions to the contrary,  such actions  certainly were
made in the "in the best interests of the company and its shareholders."

On behalf of the  shareholders of Streamedia,  we thank you for your service and
are pleased that you have pledged your continued support of the company.


Best regards,


Henry Seigel
Interim President and CEO