San Jose, CA - Jan 8, 2002 - Chaincast Networks, a provider of cost-effective streaming solutions for media groups, audio and video webcasters, Internet infrastructure companies, and corporate enterprises, now claims to be the the leading provider of streaming services for Internet radio stations. Chaincast is the first to deploy a carrier-grade, Internet-based multicast system for live streaming and is now serving 7 million commercial streams and 4 million aggregate tuning hours monthly for 600 radio stations that, in total, have approximately 700,000 unique weekly e-listeners.

Paul Distefano, Chaincast's president and CEO noted that Chaincast holds 15% of the marketshare of the estimated 4,000 terrestrial radio stations that are streaming on the Internet. Chaincast compares this figure with other providers and their reported client bases as follows: Real Networks - 550 terrestrial radio stations streaming, AOL - 450, Yahoo Broadcast.com - 450, and MSN - 400.