AMERICA ONLINE, INC. PASSES 200,000 HOUSEHOLD MARK
AMERICA ONLINE, INC. PASSES 200,000 HOUSEHOLD MARK VIENNA, Va., Oct. 27 /PRNewswire/ -- America Online, Inc.
announced today that more than 200,000 households are now subscribing to the company's popular consumer online services. This represents a 40 percent increase over the approximately 143,000 households the company had at this time last year.
"America Online is now among the nation's best known and fastest- growing online services -- all because of the loyalty and enthusiasm of our subscribers," according to Stephen M. Case, president. "We're deeply grateful for their support. We're also pleased to have received highly favorable press coverage recently in publications such as The Wall Street Journal and Business Week. As a result of growing momentum, we've added more new subscribers this month than in any other month in our 7-year history." Earlier this month, The Wall Street Journal compared America Online to Prodigy and Called America Online "the sophisticated wave of the future." Last month, Business Week wrote that America Online's "market-building approach has endless possibilities." America Online, Inc. (NASDAQ: AMER) is the leading independent provider of online services to consumers in the United States. The company offers subscribers a wide variety of services, including electronic mail, conferencing, news, sports, weather, stock quotes, software, computing support and online classes. These services can be accessed from a broad range of personal computers using America Online's proprietary icon-based windowing software. Founded in 1985, the company has established strategic alliances with more than 30 companies including IBM, Microsoft, and Tribune Company. The company completed an initial stock offering in March 1992. -0- 10/27/92 /CONTACT: Lennert J. Leader, chief financial officer, America Online, 703-448-8700/ (AMER) CO: America Online ST: Virginia IN: CPR SU:
IH-TW -- DC019 -- 5490 10/27/92 14:10 EST
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|Date:||Oct 27, 1992|
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