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GENIE SERVICES SLASHES ONLINE CONNECT RATES BY 50 PERCENT; MAJOR CONSUMER SERVICE SETS NEW STANDARD IN VALUE

 ROCKVILLE, Md., May 24 /PRNewswire/ -- GEnie, GE's consumer online service, today announced a new pricing structure that reduces hourly connect rates by 50 percent. Since its inception in 1985, GEnie has led the industry in value and its new pricing structure continues to reflect this.
 Effective July 1, GEnie's non-prime-time connect rate drops to $3 per hour, a reduction of 50 percent from the current rate. The monthly fee has been restructured and moves from $4.95 to $8.95, for which up to four hours of non-prime-time access to most GEnie service, such as software downloads, bulletin boards, email, an Internet gateway, multiplayer games and chat lines, are allowed without charge. There will, however, no longer be free unlimited non-prime-time access to a core of basic services.
 According to GEnie General Manager John Barber: "Consumers are demanding greater value in virtually all services they purchase. Computer online services are no exception. Several of our competitors have addressed this market trend earlier this year. Our new pricing gives customers the best value for a wide array of services."
 GEnie subscribers have access to 150,000 software files for downloading, the largest selection of any online service in the industry. Further, GEnie offers unparalleled selection in world-class multiplayer games, making it the online service of choice for avid players.
 "We used to offer only a small portion of services at our best price level. Now the customer can sample almost everything we have, from software downloads to games, bulletin boards to an Internet gateway," said Barber. "The four hours included in the monthly subscription fee will cover all the monthly usage of more than 85 percent of our members and the low hourly connect rate beyond that is within reach of virtually everyone."
 GEnie is the online information service of GE Information Services (GEIS), a division of General Electric Co., USA (NYSE: GE). GEnie and GEIS are headquartered in Rockville.
 -0- 5/24/93
 /NOTE: GEnie Services subscribers in Canada will also enjoy a substantial price reduction. A new monthly rate of $10.95 CAN$ with four hours of free non-prime-time access to most GEnie services is being established by the Canadian distributor of GEnie Services. The hourly non-prime-time connect rate in Canada is also being reduced to $4 CANS$ per hour.
 /CONTACT: Vivian Kelly of GE Information Services, 301-340-4494/
 (GE)


CO: GEnie Services; GE Information Services; General Electric Company ST: Maryland IN: CPR SU: PDT

MH-KD -- DC002 -- 1563 05/24/93 09:33 EDT
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Publication:PR Newswire
Date:May 24, 1993
Words:414
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