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Prodigy Announces New Board Members; Existing Prodigy Board Members Resign Posts.

Business Editors & High-Tech Writers

AUSTIN, Texas--(BUSINESS WIRE)--June 7, 2001

Prodigy Communications Corporation (Nasdaq:PRGY), a leading Internet service provider (ISP) serving the largest number of DSL subscribers, today announced the addition of Andres Vazquez del Mercado, John H. Atterbury III and Paul Roth to the company's board of directors.

Samer Salameh and Randall Stephenson have resigned their seats.

Vazquez Del Mercado is executive vice president of corporate development for Telefonos de Mexico (NYSE:TMX). Atterbury is group president for SBC Communications (NYSE:SBC). Roth serves as Prodigy president and chief executive officer.

They join Prodigy's board of directors, which also includes Jim Adams, former chairman of Texas Instruments; Louis Brill, chief accounting officer for Temple Inland Inc.; Charles Foster, chairman of Prodigy and former group president of SBC Communications; Robert McClane, president of McClane Partners LLC; Joe McKinney, chairman and chief executive officer of J.P. Morgan Chase Bank; Jaime Chico Pardo, vice chairman and chief executive officer of Telmex; and Robert Pickering, senior vice president of SBC Communications.

About Prodigy Communications Corporation (www.prodigy.com):

Prodigy Communications Corporation (Nasdaq:PRGY) is one of the nation's largest Internet service providers serving both owned and managed dial and DSL subscribers. With its alliance with SBC Communications, Prodigy is the industry leader in serving DSL subscribers. Prodigy delivers fast and reliable Internet access and user-friendly Internet-based products, services and information via a nationwide network covering more than 850 locations in all 50 states, allowing more than 90 percent of the U.S. population to access Prodigy's dial service with a local telephone call. Prodigy features superior content, e-mail and e-mail attachment capabilities, Prodigy Instant Messaging(tm), Prodigy Chat(tm), and Prodigy Online Communities, combined with the accessibility and freedom of direct access to the World Wide Web for all users. ProdigyBiz offers a powerful suite of specially designed Internet products and services for small business owners. Prodigy(R) en Espanol(tm), is the nation's first-ever, fully bilingual Spanish/English-language Internet service created especially for the U.S. Spanish-speaking population.

This press release contains forward-looking statements that involve a number of risks and uncertainties. Among the important factors that could cause actual results to differ materially from those indicated by such forward-looking statements are the intense competition in Prodigy's industry, subscriber turnover, disruption in Prodigy's network services or in other services provided by third parties, the challenges of integrating the Internet businesses of Prodigy and SBC Communications Inc., the possible failure to achieve the anticipated benefits of the agreements between Prodigy and SBC, the possible unavailability of sufficient financing to Prodigy as needed, as well as the risk factors detailed from time to time in Prodigy's periodic reports and registration statements filed with the Securities and Exchange Commission. Prodigy's business and operations are operated by a limited partnership, called Prodigy Communications Limited Partnership, of which Prodigy is the general partner and owns an approximate 57 percent interest and SBC Communications owns an approximate 43 percent interest.
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Publication:Business Wire
Date:Jun 7, 2001
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