@Home Network Broadens Reach with New North American and International Cable Affiliate Relationships
Ten New Affiliate Deals Solidify @Home as the High-Speed Internet Leader
REDWOOD CITY, Calif., June 30, 1998 – Ten new distribution agreements reached with North American and International cable operators, representing more than 10 million new homes, in the second quarter 1998 highlights @Home Network’s (Nasdaq: ATHM) accelerated momentum and strong commitment to widespread deployment of high-speed Internet services. These new affiliate agreements when combined with @Home’s existing cable affiliates, gives @Home exclusive access to more than half of all homes passed by cable in North America, making @Home the undisputed leader in high-speed Internet services via the cable infrastructure.
In North America, @Home Network recently entered into distribution agreements with Century Communications Corp. (Nasdaq: CTYA), Insight Communications, Bresnan Communications Company, Lenfest Communications, Jones Intercable, Cogeco, and Garden State Cable. Under these agreements, @Home Network will deliver high-speed Internet services in Los Angeles, Colorado Springs, Indiana, Illinois, the upper Midwest, Philadelphia, Delaware, Washington DC region, Quebec, Ontario, and Southern New Jersey. The respective services will be named Century@Home™, Insight@Home™, Bresnan@Home™, Suburban@Home™, Jones@Home™, Cogeco@Home™ and Garden State Cable@Home™. The services are planned to begin deployment by the end of 1998. In addition, @Home gained access to the former Prime Cable properties in Las Vegas and Illinois that were acquired by Cox Communications.
These new affiliates join @Home Network’s existing partners: Tele-Communications, Inc., Comcast Corporation, Cox Communications, InterMedia Partners, Marcus Cable, Rogers Cablesystems and Shaw Communications. @Home’s footprint encompasses major metropolitan markets in the US including: Los Angeles, San Francisco Bay Area, New York, Philadelphia, San Diego, Baltimore and Phoenix.
On the International front, @Home Network announced agreements in principle with Dutch cable operators CasTel and Palet Kabelcom and United Kingdom cable and telecommunications operator ComTel. @Home Network, CasTel, and Palet will form a new entity, @Home Netherlands, to develop and market a Dutch version of @Home’s high-speed cable Internet service in the Netherlands and the Flemish-speaking parts of Belgium. With ComTel, @Home Network will develop a British version of @Home’s high-speed Internet service. ComTel will market the service to its approximately 1 million homes passed, which are nearly 100 percent upgraded to two-way hybrid fiber coaxial cable. ComTel’s franchise areas include the Thames Valley – the "Silicon Valley" of the UK and base of many high-tech companies and their employees.
@Home™ is changing the way consumers view and use the Internet by transforming the traditional Internet experience into one that is unique in style, service and content. Users experience lavish multimedia features that would drag phone connections down to a mind-numbing crawl, including: Video-on-Demand – users can get the news, up to the minute financial updates and information from respected sources such as CNN and Bloomberg at the click of a mouse; Near-CD Quality Audio – @Home lets users experience near-CD quality audio, sportstalk and concerts via its TuneIn™ feature; Enhanced Games – gamers can take advantage of the extremely low latency multi-player gaming network to battle opponents all over the globe; "Fastest Software Store on Earth" – users have the freedom to test, rent and purchase a broad range of software products through SoftwareNow™. @Home’s "always on" connection provides users with instant access to check stock prices, sports scores or traffic updates throughout the day.
@Home Network
Based in Redwood City, California, @Home Network (Nasdaq: ATHM)
distributes high-speed interactive services to residences and businesses using its
own network architecture and a variety of transport options including the cable
industry's hybrid-fiber coaxial infrastructure. The cable connection provides users
significant increases in speed over conventional Internet services. Leveraging the
"always on" attributes of cable, @Home allows for unique multimedia applications
that go beyond current Web experiences. Individuals seeking additional information
about availability and subscription can refer to the @Home Network Web site (www.home.net).
Since its founding in 1995, @Home Network has reached affiliate agreements with
fifteen leading cable companies in North America, including Tele-Communications
Inc., Cablevision Systems Corp., Comcast Corporation, Cox Communications, Bresnan
Communications Company, Insight Communications, Jones Intercable, Garden State Cable,
Cogeco, Lenfest Communications, InterMedia Partners, Marcus Cable, Century Communications,
Rogers Cablesystems Limited and Shaw Communications.
This press release contains forward-looking information within the meaning of Section 27A of the Securities Exchange Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbors created by those sections. These forward-looking statements include statements related to: the new cable partners’ ability to deploy the @Home service on schedule in the relevant markets; the successful deployment of a customized version of the @Home Service for the Belgian, Dutch and UK markets; consumer demand for the service; and the extent to which the service will transform the way consumers view and use the Internet. Actual results may differ materially due to a number of risks. In particular, the successful and timely introduction of the service and the scope of its deployment is subject to: numerous technological, operational and financial challenges; potential competition from other broadband Internet providers; and the degree of customer and cable operator acceptance of the service in the relevant markets. In addition, certain transactions described in this press release are contingent upon the parties’ success in executing definitive agreements and/or obtaining corporate approvals, and there can be no assurance that such transactions will be completed. The matters discussed in this press release also involve risks and uncertainties described from time to time in @Home Network’s filings with the Securities and Exchange Commission (SEC). In particular, see the risk factors described in @Home Network’s Form 10-Q for the quarter ended March 31, 1998; Form 10-K for the year ended December 31, 1997 and the Final Prospectus for @Home Network’s initial public offering. @Home Network assumes no obligation to update the forward-looking information contained in this press release.