WorldGate Announces Deployment and Investment by Adelphia, Charter, Comcast, and Cox.Business Editors/Technology Writers TREVOSE, Pa.--(BUSINESS WIRE)--July 26, 2000 WorldGate Communications Inc. (Nasdaq:WGAT) today announced multi-year agreements with Adelphia Communications Corporation (Nasdaq:ADLAC), Comcast Cable Communications Inc., and Cox Communications Cox Communications is a privately owned subsidiary of Cox Enterprises providing digital cable television and telecommunications services in the United States. It is the third-largest[2] cable television provider in the United States, serving more than 6. , Inc. (NYSE NYSE See: New York Stock Exchange :COX); and extension of an existing agreement with Charter Communications Charter Communications NASDAQ: CHTR is an American company providing cable television, high-speed Internet, and telephone services to more than 5.7 million customers in 29 states. It is the third-largest publicly traded cable operator in the U.S. , Inc. (Nasdaq:CHTR CHTR Charter CHTR Canadian High Temperature Research ), for the digital deployment of the WorldGate Internet on EVERY TV(SM) Service to a predetermined pre·de·ter·mine v. pre·de·ter·mined, pre·de·ter·min·ing, pre·de·ter·mines v.tr. 1. To determine, decide, or establish in advance: number of households. Along with the deployment agreements, the cable operating companies operating company A business that engages in transactions with outsiders. will also make investments in WorldGate totaling $24.5 million. Additionally, each investing company will earn warrants for the distribution of WorldGate Services beyond the initial commitments. WorldGate also announced the formation of a separate joint venture with the four MSOs, called TVGateway(SM). TVGateway will license WorldGate's patented Channel HyperLinking(SM) and Ultra-Thin Client(SM) technology from WorldGate, which can provide the back office infrastructure support necessary to implement interactive advertising and programming for the MSO's digital set-top boxes The cable TV box that sits on "top" of the TV "set," although it is often located several feet away in an equipment rack. The set-top box descrambles the premium channels and provides a tuner for the higher cable numbers that very old TVs did not support. . TVGateway also will license WorldGate's Application Launcher technology, in which multiple applications can be easily interchanged in the digital set-top box. "As the first cable operator to invest in WorldGate, I'm pleased that Adelphia, Comcast and Cox have joined Charter in developing an arsenal of interactive broadband services through TVGateway," said Jerry Kent, 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. of Charter. "The integration of these new interactive services in today's competitive marketplace will ensure our continued success in attracting and retaining today's customers who demand leading-edge technology." "WorldGate is delighted to form a relationship with these leading cable companies to further the development of cutting-edge interactive broadband services," said Hal Krisbergh, CEO and Chairman, WorldGate. "We have always believed that the Internet on EVERY TV Service is uniquely positioned to satisfy a full range of consumer's needs for access to the Internet. If consumers want additional Internet access See how to access the Internet. without having to purchase additional desk top computers, or they want simple e-mail and Internet access and don't have a computer, WorldGate gives the cable operator a service to satisfy those needs." WorldGate's Internet on EVERY TV Service is the leading provider of high performance, low-cost Internet access through the TV using standard cable television converters and existing cable infrastructure. Users of the WorldGate Service require only a TV set; wireless keyboard and set-top box connected to a cable TV system. WorldGate is the only Internet through cable TV service that is deployed worldwide on both advanced analog and digital set-top converters. Subscribers to the WorldGate Service enjoy full and complete access to the entire World Wide Web, interactive programming and advertising, e-mail, games, chat services, photo e-mail services, calendaring, localized content, e-commerce and native language interface support. About Adelphia Communications Corporation Adelphia Communications Corporation (Nasdaq:ADLAC) is the sixth largest cable Television operator 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. serving over 5.5 million cable subscribers. Its business operations Business operations are those activities involved in the running of a business for the purpose of producing value for the stakeholders. Compare business processes. The outcome of business operations is the harvesting of value from assets include cable entertainment, high-speed Internet See broadband. access, long distance telephone service, paging and security. Through its majority-owned subsidiary majority-owned subsidiary A firm in which more than 50% of outstanding voting stock is owned by the parent company. , Adelphia Business Solutions (Nasdaq:ABIZ), Adelphia also serves more than 400,000 telephone access lines. Adelphia Business Solutions provides a full line of integrated communications services to business customers including local and long distance voice services, messaging, high-speed data and Internet services. Please visit us at www.adelphia.net or www.adelphia-abs.com. About Charter Communications Inc. Charter Communications, a Wired World(TM) company, is among the country's leading broadband communications companies. Charter serves approximately 6.2 million customers. Charter offers an array of services including cable television under the Charter brand; advanced digital video programming services under the Charter Digital Cable(TM) brand and high-speed Internet access via Charter Pipeline(TM). Charter is traded on the Nasdaq National Market under the ticker symbol Ticker Symbol An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors "CHTR." More information about Charter can be accessed on the Internet at www.chartercom.com. About Comcast Cable Headquartered in Philadelphia, Comcast Cable is a division of Comcast Corporation (Nasdaq:CMCSK, CMCSA), 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. At the close of 2000, the company's more than 10,000 cable division employees are expected to serve more than 8.2 million customers in six geographic regions. More information on Comcast is available at www.comcast.com. About Cox Communications, Inc. Cox Communications serves approximately 6.2 million customers nationwide, making it the nation's fifth largest cable television company. A full-service provider of telecommunications products, Cox offers an array of services, including Cox Cable; local and long distance telephone services under the Cox Digital Telephone brand; high-speed Internet access via Cox@Home, Cox Road Runner road runner: see cuckoo. Road Runner thrives on outwitting Wile E. Coyote. [Comics: “Beep Beep the Road Runner” in Horn, 105] See : Cunning Road Runner and Cox Express; advanced digital video programming services under the Cox Digital Cable brand; and commercial voice and data services via Cox Business Services. Cox is an investor in telecommunications companies including Sprint PCS (1) (Personal Communications Services) Refers to wireless services that emerged after the U.S. government auctioned commercial licenses in 1994 and 1995. This radio spectrum in the 1. and Excite@Home, as well as programming networks including Discovery Channel, The Learning Channel, Outdoor Life and Speedvision. More information about Cox Communications can be accessed on the Internet at www.cox.com. About WorldGate Communications, Inc. Headquartered near Philadelphia, WorldGate, a leader in the development of interactive television, was the first commercially deployed service that enabled cable subscribers to access a full array of high-performance, low-cost Internet services and e-mail on their cable television sets and the cable television infrastructure rather than a personal computer and telephone line. WorldGate is currently deployed domestically in cable systems owned by Blue Ridge Blue Ridge, eastern range of the Appalachian Mts., extending south from S Pa. to N Ga.; highest mountains in the E United States. Mt. Mitchell, 6,684 ft (2,037 m) high, is the tallest peak. Beginning with a narrow ridge in the north, c. Communications, Buckeye CableSystems, Charter Communications, Click! Network Click! Network is a service of Tacoma Power a public utility in Tacoma, Washington. It provides cable television and Internet connectivity for residents and businesses in Tacoma, University Place, Fircrest, Lakewood and Fife. , Massillon Cable and Prestige Cable. WorldGate and Charter Communications in partnership with the city of LaGrange, Ga., are participating in a one-year program that provides free WorldGate Internet access to all cable subscribers in an effort aimed at closing the "digital divide." WorldGate has international deployment and trial agreements with 21 multiple system operators in 13 countries worldwide. The WorldGate(SM) Service marries WorldGate's proprietary technology with the cable television platform to use either the existing advanced analog or digital cable converter along with a remote control or wireless keyboard to bring the Internet to cable subscribers. Using advanced analog converters, the Service operates at more than 2 times the speed of a standard 56 Kbps telephone modem. With digital converters, the Service operates at speeds up to 38 Mbps, over 3.5 times faster than a typical cable modem cable modem Modem used to convert analog data signals to digital form and vise versa, for transmission or receipt over cable television lines, especially for connecting to the Internet. . In addition, the Company's patented Channel HyperLinking technology allows viewers instant access from the program they are watching to a related Web site or locally available information sources. For more information, interested parties may go to www.wgate.com. WorldGate's stock is traded on the Nasdaq under the symbol WGAT. WorldGate, Channel HyperLinking, Ultra-Thin Client and Internet on EVERY TV are service marks of WorldGate Service, Inc. This press release may contain 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. that are made pursuant to the safe-harbor 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. Expressions of future goals and similar expressions including, without limitation, expressions using the terminology "may," "will," "believes," "plans," "expects," "anticipates," "predicts," "forecasts," and expressions which otherwise reflect something other than historical fact are intended to identify forward-looking statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results may differ materially from any forward-looking statements due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release. |
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