Stream Proceeds with Nationwide Mobile Launch in the Face of Solavei’s Attempt to Halt Plans

Stream Celebrates Mobile Offering with its Associates in Las Vegas; Deems Competitor’s Allegations Grossly Misrepresented, Baseless

DALLAS--()--Stream has proceeded with this weekend's nationwide launch of Mobile Services at its Unleashed event in Las Vegas, in the face of grossly misrepresented and baseless legal allegations by Solavei made public late Friday afternoon.

“We’re thrilled to celebrate the nationwide launch of Mobile Services by Stream with our enthusiastic and committed Associates at Unleashed in Las Vegas. We started in 2005 with a revolutionary concept, turning on the lights with our network of friends and family, and now our Mobile Services will bring even more people together in markets we haven’t been able to touch before,” said Mark “Bouncer” Schiro, Stream president and CEO.

Stream’s Mobile Services branch offers dependable cellular services within the continental United States. Available service packages provide reliable coverage, fast speeds and the latest technology—all without commitments or contracts. The program’s “Mobile Your Way” structure further allows consumers to take charge of their mobile usage and customize phone and data plans that fit their individual needs.

With the nationwide launch of Mobile Services and Stream's existing suite of Protective Services, the company and its Associates now have no geographic restrictions within the continental U.S., creating endless opportunities for growth.

Schiro also dismissed the representations appearing in Solavei's January 23rd press release concerning their judicial proceedings. "The reality is that, for whatever reasons, Solavei showed up in court the night before our national launch in a calculated attempt to ruin this event," said Schiro. “Contrary to what Solavei would have one believe, the District Court judge made no ruling regarding our mobile launch. Rather, the court affirmed an existing bilateral confidentiality agreement that we’ve been upholding, and continuing to uphold, since 2013."

"Of course Stream is not permitted to use any proprietary information learned from Solavei during the course of sensitive merger discussions – and we indeed have not," Schiro continued. "Contrary to Solavei's claims, yesterday's ruling of the 192nd District Court did not in any meaningful way impact our plan to launch our mobile business. Unlike Solavei we will continue to meet our contractual commitments as well as emerge from this manufactured dispute with our good name intact."

Finally and in addressing Solavei's allegations that Stream misappropriated intellectual property and trade secrets, Schiro responded, "Why would we copy the plans and tactics of a firm that drove itself into federal bankruptcy proceedings? We revolutionized the energy industry, and our success has come as a direct result of our own corporate team, Associates, and trusted partners and consultants.”

About Stream

Stream (Stream Energy) is a premier nationwide provider of essential home services. Founded in 2005, the Dallas-based company’s innovative deployment of direct marketing revolutionized the energy industry, generating more than $7 billion in total revenue in just ten years and transforming it into one of the largest direct selling companies in the global energy market. Stream is now the 14th largest directly selling company in the world and has consistently ranked on the Direct Selling News Global 100 List as a top-tier company.

In 2014, Stream became a total home services provider with its Protective Services packages that include identity protection, technology support, and credit monitoring. In 2015, Stream launched nationwide Mobile Services by Steam, offering lightning speed, reliable coverage, the latest technologies, and flexible plans. Stream’s Energy Services are currently available in Texas, Georgia, Pennsylvania, Maryland, New Jersey, Washington, D.C., and New York.

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for Stream
Lauren Leger, 508-498-8433

Release Summary

Stream has proceeded with this weekend's nationwide launch of Mobile Services at its Unleashed event in Las Vegas, in the face of grossly misrepresented and baseless legal allegations by Solavei.


for Stream
Lauren Leger, 508-498-8433