BENSALEM, Pa. -- (Business Wire)

Law Offices of Howard G. Smith announces that it is investigating potential claims against the board of directors of Stream Global Services, Inc. (“Stream Global” or the “Company”) (NYSE/AMEX:SGS) related to the proposed acquisition of the Company by Trillium Capital LLC (“Trillium”) in a proposed going-private transaction.

Under the terms of the proposal, Stream Global shareholders would receive $4.65 in cash for each share they own of the Company’s stock. In addition, Trillium would assume or replace Stream Global’s $200 million high yield bonds due 2014. Trillium currently owns approximately 4.6% of Stream Global’s outstanding common stock. The proposed transaction also allows for certain of the existing inside investors of Stream Global – Ares Management, Providence Equity Partners and Ayala Corp or their affiliates – who own approximately 87% of Stream Global’s outstanding common shares, to convert their current ownership to the privately held successor company. The investigation concerns possible breaches of fiduciary duty and other violations of law related to the Stream Global board of directors’ process for evaluation of the proposed transaction.

If you are a shareholder of Stream Global, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at (888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or visit our website at http://www.howardsmithlaw.com.

Contacts:

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

Source: Law Offices of Howard G. Smith