DISH Network Achieves 2 Million Customers; EchoStar's DISH Network Grows to Over 2 Million Customers in Less Than Three Years.LITTLETON, Colo.--(BUSINESS WIRE)--Jan. 21, 1999--EchoStar Communications Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : DISH, DISHP) announced today that its DISH Network See DBS. (TM) satellite television service has grown to over 2 million customers, only one year after reaching 1 million subscribers, making EchoStar the fastest growing direct broadcast satellite (DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. ) provider in the United States. EchoStar added approximately 900,000 net subscribers in 1998, a 30 percent increase over the previous year. This swift expansion earned EchoStar over 37 percent of DBS industry growth during 1998. "This milestone for DISH Network is the result of the many contributions of over 3,000 employees, over 15,000 satellite retailers, and numerous programmers and vendors," said Charlie Ergen, chairman 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. of EchoStar. "With the successful launch of local channels in 13 U.S. cities and the agreement with News Corp., 1998 has truly been a memorable year for EchoStar. We look forward to the second half of 1999 when DISH Network will offer 500 channels and provide a one dish solution for local network programming by satellite. And we'll do it with the same low prices on programming and hardware that our subscribers are accustomed to." EchoStar activated its first DISH Network customer in March 1996, and added more subscribers in its first year than any of its direct-to-home satellite competitors added in their startup year. DISH Network provides over 300 channels of digital audio and video programming and has guaranteed not to raise its prices on its most popular programming packages before March 2000. EchoStar Communications Corp., includes three interrelated in·ter·re·late tr. & intr.v. in·ter·re·lat·ed, in·ter·re·lat·ing, in·ter·re·lates To place in or come into mutual relationship. in business units: -- DISH Network(TM) is EchoStar's state-of-the-art DBS system that offers customers over 300 channels of digital video and CD-quality audio programming, fully MPEG-2/DVB compliant hardware, installation, financing and leasing. -- EchoStar Technologies Corporation (ETC ETC - ExTendible Compiler. Fortran-like, macro extendible. "ETC - An Extendible Macro-Based Compiler", B.N. Dickman, Proc SJCC 38 (1971). , formerly HTS HTS Heights HTS Harmonized Tariff System HTS High Throughput Screening (biomolecular assay screening) HTS High-Throughput Screening (Pharmaceutical Industry) HTS Harmonized Tariff Schedule (TM) - Houston Tracker Systems, Inc.), designs, manufactures and distributes DBS set-top boxes, antennas and other digital equipment for DISH Network and various international customers that include ExpressVu Canada and Telefonica's Via Digital system in Spain. ETC also provides uplink-center design, construction oversight and project-integration services for customers internationally. -- Satellite Services provides the delivery of video, audio and data services to business television customers and other satellite users. These services include satellite uplink, satellite transponder A receiver/transmitter on a communications satellite. It receives a microwave signal from earth (uplink), amplifies it and retransmits it back to earth at a different frequency (downlink). A satellite has several transponders. space-usage and other services. Satellite Services also administers SKY VISTA, a direct broadcast satellite service offering up to 27 channels of popular digital satellite television programming to viewers in Alaska, Hawaii, Puerto Rico and the U.S. territories in the Caribbean. DISH Network currently serves over 2 million customers. DISH Network is a trademark of EchoStar Communications Corporation EchoStar Communications Corporation (NASDAQ: DISH) is the parent company of DISH Network and the maintainer of the satellite fleet that provides the signal that DISH Network markets. . HTS is a trademark of Houston Tracker Systems, Inc. DISH Network is located on the Internet at: www.dishnetwork.com or can be reached by calling 1-800-333-DISH (3474). |
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