Comcast and Juno Announce Multiple ISP Trial.Business & High Tech Editors PHILADELPHIA and NEW YORK--(BUSINESS WIRE)--Nov. 29, 2000 Agreement Will Make Juno The First Non-Affiliated Company to Offer High-Speed Internet See broadband. Access Over Comcast's Cable System Comcast Cable Communications, Inc. and Juno Online Services Juno client software icon Juno is an Internet service provider based in the United States. It is a subsidiary of United Online, which also owns NetZero and Bluelight Internet Services. , Inc. (Nasdaq: JWEB) today announced an agreement to offer Juno ExpressSM, Juno's high-speed Internet access service, over Comcast's cable system in what will be Comcast's first multiple ISP (1) See in-system programmable. (2) (Internet Service Provider) An organization that provides access to the Internet. Connection to the user is provided via dial-up, ISDN, cable, DSL and T1/T3 lines. trial. The two companies plan to conduct the trial in the first quarter of 2001 in the Philadelphia area. Comcast Cable is the third largest cable company in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and incorporating pending cable transactions, will serve more than 8.2 million customers in six geographic regions. Juno is The Juno I was a satellite launch vehicle, derived from, and commonly confused with, the Jupiter-C sounding rocket. It is most well known for launching America's first satellite, Explorer I. the nation's third-largest provider of dial-up Internet services, after AOL (A division of Time Warner, Inc., New York, NY, www.aol.com) The world's largest online information service with access to the Internet, e-mail, chat rooms and a variety of databases and services. and EarthLink, with 3.7 million active subscribers in September. "Juno's strategy is to offer consumers the widest possible selection of high-speed access alternatives, and cable access is an important element," said Charles Ardai Charles Ardai (born 1969) is an entrepreneur, writer, and editor. He is best known as the founder and CEO of Juno, an Internet company, and more recently as the founder and editor of Hard Case Crime, a line of pulp-style paperback crime novels. , Juno's president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "This trial is the first step in what we hope will be a long and mutually beneficial Adj. 1. mutually beneficial - mutually dependent interdependent, mutualist dependent - relying on or requiring a person or thing for support, supply, or what is needed; "dependent children"; "dependent on moisture" relationship with Comcast, one of the most aggressive new products companies in the cable industry." Steve Burke, president of Comcast Cable, added, "We are pleased to be working with Juno, one of the nation's largest ISPs. This trial should help us to figure out what kinds of value-added relationships with ISPs will be most attractive to our customers. Based on what we learn, we are eager to move ahead with plans to offer a choice of ISPs on terms that make sense for our ISP partners and us. Partnerships done on terms that are a win/win for us and for our ISP partners will grow both of our businesses." This agreement will make Juno the first non-affiliated company to offer high-speed Internet access over the Comcast cable systems. Under the terms of the agreement, Juno and Comcast will work together to develop a trial under which select Comcast customers will be offered the option of using Juno Express through a Comcast Cable connection. "One thing that sets this relationship apart from others of similar magnitude is that it's being driven by mutual business opportunity, not the specter of direct governmental intervention," commented Rob Lancaster, Internet Market Strategies Analyst with the Yankee Group (the Yankee Group, Boston, MA, www.yankeegroup.com) A major market research, analysis and consulting firm founded in 1970 by Howard Anderson. It provides general consulting and strategic planning in the computer and communications field. . "With this new move, Comcast is demonstrating that it is able to set its own terms, and that it is serious about providing customers a choice of Internet services," continued Lancaster. "Juno also continues to expand its broadband presence by signing a letter of intent with another top-tier cable company." About Comcast Cable Headquartered in Philadelphia, Comcast Cable is a division of Comcast Corporation (www.comcast.com), a developer, manager and operator of broadband cable networks and provider of programming content. Comcast Cable is the third largest cable company in the United States. Providing basic cable, digital cable and high speed Internet services, Comcast Cable is the company to look to first for the communications products and services that connect people to what's important in their lives. Incorporating pending cable transactions, the company's more than 10,000 cable division employees will serve more than 8.2 million customers in six geographic regions. About Juno Juno Online Services, Inc. is a leading provider of Internet access See how to access the Internet. to millions of computer users throughout the United States. Founded in 1995, the company provides multiple levels of service, including free basic Internet access, billable premium dial-up service, and (in certain markets) high-speed broadband access See broadband and wireless broadband. . Juno's revenues are derived primarily from the subscription fees charged for its billable premium services, from the sale of advertising, and from various forms of electronic commerce. Based on its total of 3.7 million active subscribers during the month of September 2000, Juno is currently the nation's third largest provider of dial-up Internet services, after AOL and EarthLink. As of September 30, 2000, Juno had approximately 12.77 million total registered subscriber accounts. For more information about Juno, visit www.juno.com/corp. To get a copy of the Juno software, go to www.juno.com or call 1-800-TRY-JUNO. Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. : For Juno Statements in this press release regarding Juno Online Services, Inc. that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Any such forward-looking statements are made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. The following factors, among others, could cause Juno's actual results to differ materially from those described in a forward-looking statement: limited history of offering Juno's billable premium services and free basic service in its current form; history of losses; failure to retain or grow Juno's subscriber base; increasing competition from existing or new competitors; inability to sustain current levels of subscriber acquisition or retention; inability to successfully migrate free subscribers to, or to retain subscribers in, Juno's billable premium services; rapid technological change; possible unavailability of financing as and if needed; decreases in the popularity of the Internet among consumers or as an advertising medium; dependence on Comcast Cable and other partners and vendors for the provision and roll-out of the Juno Express broadband service See broadband and broadband service provider. ; uncertainties associated with the operations, implementation, or consumer acceptance of the broadband delivery technology referenced in this press release; possible industry consolidation; and potential fluctuations in quarterly and annual results. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Juno with the Securities and Exchange Commission, including the Quarterly Report on Form 10-Q Form 10-Q See 10-Q. filed November 14, 2000 and the registration statements filed on November 28, 2000, for a discussion of these and other important risk factors. For Comcast This press release contains forward-looking statements. Readers are cautioned that such forward-looking statements involve risks and uncertainties that could significantly affect actual results from those expressed in any such forward-looking statements. Readers are directed to Comcast's Quarterly Report on Form 10-Q for a description of such risks and uncertainties. |
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