Chinook Communications Names Management Team to Lead Bandwidth Creation Company.

Business Editors/Hi-Tech Writers

LEXINGTON, Mass.--(BUSINESS WIRE)--April 2, 2001

Veteran Team Experienced in Establishing Market Leadership Positions

in the Broadband Industry

Chinook Communications, Inc. today announced the appointments of cable and networking industry veterans to lead the growth of the newly formed company.

Chinook is an emerging, rapidly growing high-technology startup bringing broadband industry veterans and entrepreneurs together with key scientists in communications systems research from the Massachusetts Institute of Technology (MIT).

The company is developing and commercializing revolutionary broadband solutions that will allow operators to reap more revenues from existing cable, satellite, and terrestrial broadcasting infrastructure without the need for costly plant upgrades.

Chinook is commercializing spectrum enhancement technology originally developed in the labs at MIT so that broadband operators can create additional digital bandwidth and extend the life of current-generation infrastructure without compromising existing services.

Broadband operators will deploy enhanced services that maximize revenues from existing network infrastructure investments while preparing for the migration to hybrid analog-digital networks as economics dictate. Potential new services include Video-On-Demand, high-speed tiered data services, and additional TV channels.

The following veterans from the cable, networking, interactive television services, satellite, and communications equipment industry comprise the company's management team:

-- Andrew J. Audet, President and CEO-Former General Manager of the Cable Data
Products Division at Motorola where he was responsible for the worldwide
business P&L in cable modems and cable headend infrastructure products.

-- Elliot "Doc" Honan, Executive Vice President and Chief Financial
Officer-Former CFO of Into Networks, Inc, ManagedComp, Inc. Proteon, Inc, and
Ludlow Corporation.

-- Michael J. Grady, Executive Vice President of Engineering-Former CEO and
Co-Founder of Argon Networks, former Senior Vice President of Engineering for
Bay Networks, and one of the founding engineers at Stratus.

-- David Scott Brown, Vice President of Marketing-Former General Manager, U.S.
Operations and Vice President, New Business Development for Peach Networks,
Inc. (now part of Microsoft Corp.), and former Director of Marketing and New
Business Development for General Instrument Corp.

According to Audet, "Chinook now has a management team in place uniquely suited to meet the needs of the converging broadband industry. The company has an executive team that can deliver on the founders' vision of increasing the revenue-generating capacity of broadband networks and solving the last-mile congestion problem. The company has the management, financing, intellectual property, and engineering assets needed to swiftly build exciting products that will enhance the business models of broadband operators."

Company Founded by MIT Scientists, Entrepreneurs

Like many successful technology ventures, Chinook has its origins in the research center of a worldclass university. Scientists at M.I.T. were reflecting on the last-mile bandwidth congestion problems associated with emerging broadband applications and the explosive growth of the Internet.

Exploiting the sophisticated mathematics of information theory to examine the fundamentals of the last-mile problem, they concluded that an enormous increase in last-mile bandwidth was possible. Chinook is a well-funded early stage company backed by top-tier venture capital firms experienced in fueling the growth of innovative technology companies.

About Chinook Communications

Chinook Communications, Inc. is developing and commercializing a new generation of spectrum enhancement technology initially developed in the labs at MIT. This technology will allow operators to create additional digital bandwidth and extend the life of existing infrastructure.

Chinook's solutions add up to 6 Mbps of bandwidth to each channel without impacting existing services. This gives broadband operators the ability to mass deploy revenue-generating services such as Video-On-Demand, high-speed tiered data services, and additional TV channels.

Chinook has received $17 million in venture financing (see related press release) from OneLiberty Ventures, WaldenVC, BancBoston Ventures, Highland Capital Partners, and YankeeTek Ventures. The company is developing next-generation broadband solutions using this newly developed and patented communications technology for ultra-efficient spectrum utilization.

For more information about Chinook, please visit www.chinook.com.