Miami Beach, FL (August 5, 2003) - ArcoStream, a leader in streaming, webhosting, and encoding service solutions, was selected by Princess Cruise Lines to host streaming and downloadable files for the debut of its new cruise ship, Island Princess.

The beautiful new Island Princess was christened on July 11 in Vancouver, Canada. This gala event included the naming of the ship by Olympic Gold Medalists Jamie Sale and David Pelletier and was capped with entertainment and fireworks.

"ArcoStream did a wonderful job with the encoding and hosting of our videos," said, Cathy Le, CRM Technology Manager, Princess Cruise Lines. "Princess is always focused on leveraging new technology to enhance the web experience of our passengers. Streaming video of the Island Inaugural allows us to promote and educate our passengers and travel agents in a meaningful and visual way."

"We have identified the travel industry as one of our focus points for opportunities in the streaming space," said Todd Loewenstein, CEO, ArcoStream. "The use of streaming and downloadable media adds to the user experience on travel websites, and brings the traveler one step closer to their destination."

About Princess Cruise Lines
One of the best-known names in North American cruising, Princess Cruises is a global cruise and tour company. Part of Carnival Corporation and plc (NYSE: CCL and CUK), its current fleet of 11 ships sail on approximately 150 different itineraries around the globe, calling at more than 260 ports on all seven continents. By 2006 a further four ships will be introduced. Additional information is available through a professional travel agent, by calling 1-800-PRINCESS, or by visiting the company's website at www.princess.com

About ArcoStream
ArcoStream is the preeminent provider for streaming, hosting, and encoding services. A full-service company, ArcoStream enables organizations, big and small, entertainment and business-to-business, to easily share streaming content with worldwide audiences. By outsourcing their streaming and webhosting needs, clients save money and resources on bandwidth, hardware, software, and labor costs.

For more information about ArcoStream, please call 310-376-5920, visit http://www.arcostream.com, or email sales@arcostream.com

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