Pre-close Trading Update

Upstream Marketing and Comms Inc.
31 March 2008


                   Upstream Marketing and Communications Inc.

                         ('Upstream' or 'the Company')

                            Pre-close Trading Update


Upstream Marketing and Communications Inc. (AIM: UPS), the Asia-based full
service marketing and corporate communications network, is pleased to provide a
pre-close trading update ahead of its preliminary results for the financial year
ended 31 December 2007.

The Company expects revenues in the financial year ended 31 December 2007 to be
in excess of US$ 4.0 million, a 50% increase over the same period in 2006. The
increase in revenue is as a result of both strong organic growth, as Upstream
has capitalised on opportunities in the communications sector in China and other
Asian growth economies, and the acquisition and integration of a Sydney-based
public relations firm, renamed Upstream Australia, which has been providing a
profitable contribution to the Company since 1 April 2007.

Since the year end, Upstream has continued to win new business, including from
American Standard, Capgemini, Citrix Systems, and VP Bank in addition to those
previously announced wins such as EnQii, Fidessa, the Ministry of Culture of
Greece, HTC, and NeuStar. As a consequence monthly revenues have continued to
grow despite the traditionally slow start to the New Year in the Asia Pacific
region with revenue in the first two months of the current financial year
showing an improving trend year on year.

The directors believe that significant opportunities will arise for Upstream in
China in the current financial year with the momentum carried forward from
advance planning efforts for the Olympic year. Our Australian office will
contribute its first full year revenue stream, and has experienced a smooth
transition to the new senior leadership recently appointed by the Company, as
previously announced.

The Company will announce its preliminary results for the year ended 31 December
2007 on 26 May 2008.

For additional details please contact:

David Ketchum, CEO
Upstream Asia                       Tel:[phone]
Email: [e-mail]

Strand Partners Limited
James Harris / Angela Peace         Tel: [phone]

Hybridan LLP                        Tel: [phone]
Claire Louise Noyce
Stephen Austin

About Upstream

Founded in 2000, Upstream is a full service marketing and corporate
communications network positioned to help companies make the most of business
opportunities in the Asia Pacific region. Upstream has offices in Beijing, Hong
Kong, Shanghai, Singapore, Sydney, Taipei and an Upstream branded affiliated in
Tokyo, as well as regional and global affiliates. Key practice areas include
technology, corporate & financial, and consumer & travel. For more information,
please visit www.aboutupstream.com



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