@Home Announces Appointments of John Malone and Ted Rogers to Board of Directors
Shaw Communications Executive to Participate in Board Activities
Mountain View, CA -- April 24, 1997 -- @Home Network today announced the appointment of Dr. John Malone, chairman and CEO of Tele-Communications, Inc. (TCI) and Ted Rogers, president and CEO of Rogers Communications Inc. to the company's Board of Directors. In addition, Jim Shaw, Jr., president and COO of Shaw Communications, will have participatory rights in future Board activities. The appointments follow the completion of the company's $48 million private placement of preferred stock with such investors as Bay Networks, Motorola Inc., Rogers Cablesystems, Shaw Communications, and Sun Microsystems.
Malone is Chairman and CEO of Tele-Communications, Inc., the nation's largest cable television operator, serving more than 14 million customers in the United States and abroad. The leading-edge company also offers other diversified communications services, including high-speed Internet and telephone service in select areas. Malone's career with TCI began more than 25 years ago, when he was named President and CEO by the Company's late founder, Bob Magness. Malone is currently a director of TCI, and serves on the boards of directors of the Bank of New York, BET Holdings, Inc., TCI Satellite Entertainment, Inc., Home Shopping Network, Inc., and Discovery Communications, Inc. Additionally, Malone is chairman of the board of Cable Television Laboratories, Inc.
"Obviously, the high-speed Internet service business has great promise," said Malone. "I look forward to participating in the @Home Network board and helping the Internet become an even stronger force in the nation's communications infrastructure."
President and CEO of Rogers Communications Inc., Ted Rogers has been involved in numerous start-up ventures in broadcasting, cable television and telecommunications. His company, Rogers Cablesystems Limited, Canada's largest cable network operator, provides high quality entertainment, information, and communications services to approximately 2.2 million customers. Its hybrid fiber-coaxial network is ideally suited for delivering interactive products and services that require significant bandwidth. Rogers holds a Bachelor of Arts from the University of Toronto and was awarded an LI.B. from Osgoode Hall Law School.
"Broadband Internet services are proprietary products for the cable television industry that present significant new opportunities," said Ted Rogers. "As the leader in this field, @Home Network is changing the way individuals and businesses use and view the Internet."
Jim Shaw, Jr. is president and COO of Shaw Communications Inc., a diversified Canadian communications company and one of the largest cable television operators in Canada. With approximately 1.5 million customers, Shaw Communications serves nearly 20% of the Canadian cable television market. Jim Shaw, Jr. also is Chairman of Vision.com, a strategic alliance of Canadian cable television companies formed in 1996. He also is a Director of Montreal-based Microcell Telecommunications and of CableLabs, a North American cable television research organisation.
"@Home Network is well positioned to take advantage of the broadband marketplace," said Jim Shaw, Jr. "Leveraging its technological and managerial strengths, @Home Network is setting new directions for the industry."
"With these additions, @Home Network's Board has the advantage of leading Internet and cable visionaries who are defining the broadband Internet services market," said Tom Jermoluk, chairman and CEO of @Home Network. "They will provide important input and experience as we continue to roll out our services."
In addition to Malone and Rogers, @Home Network's board of directors includes:
Based in Mountain View, California, @Home Network distributes high-speed interactive services to residences and businesses using the cable industry's hybrid-fiber coaxial infrastructure and its own network architecture. The cable connection provides users significant increases in speed over conventional Internet access, and @Home's network allows for unique content offerings that go beyond current Web experiences.
Since its founding in May 1995, @Home Network has reached affiliate agreements with seven top cable companies in North America including TCI, Comcast Corporation, Cox Communications, InterMedia Partners, Marcus Cable, Rogers, and Shaw. @Home Network and its cable partners are marketing high-speed Internet services in Arlington Heights, Illinois; Fremont, California; Baltimore, Maryland; Hartford, Connecticut; Sarasota, Florida; and Orange County, California. @Home Network's home page on the World Wide Web is http://www.home.net.
@Home Network, @Home Network, and the @ logo are trademarks of @Home Network and may be registered in certain jurisdictions. All other brands and products are trademarks of their respective companies.