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Technology Stocks : WavePhore (WAVO)- VBI fed WaveTop for WebTV

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To: BGL who wrote (791)12/1/1997 9:16:00 AM
From: Jeffrey L. Henken  Read Replies (1) of 2843
 
WavePhore to Broadcast Wall Street Journal Interactive Edition Content
on WaveTop(TM) Wireless Home PC Service

PHOENIX, Dec. 1 /PRNewswire/ -- WavePhore, Inc. (Nasdaq: WAVO - news) today announced that home PC users will
be able to receive free access to certain selections from The Wall Street Journal Interactive Edition over the VBI (vertical
blanking interval) of the television broadcast signal. This content will be included on the StockTop Channel as part of the
WavePhore WaveTop wireless home PC information and entertainment service to debut later this year. This is the first time
that The Wall Street Journal Interactive Edition content has been available through a wireless data broadcast service.

WaveTop will distribute updated summaries of daily business news from The Wall Street Journal Interactive Edition, as well as
full-length feature stories, columns and industry analysis, chosen from the best of the day's Interactive Journal coverage.

''WaveTop is proud to add The Wall Street Journal Interactive Edition selections to our impressive line-up of brand name
Internet content. Now, home PC users can wake up every morning to selections from The Wall Street Journal Interactive
Edition without having to dial into their ISP,'' said Sandy Goldman, Sr. VP and General Manager, WaveTop. ''We are excited
about bringing The Wall Street Journal Interactive Edition's valuable and well respected content to WaveTop users.''

''With this agreement the Interactive Journal gains a new distribution channel for our global business news and information,''
stated Tom Baker, business director of The Wall Street Journal Interactive Edition. ''We are excited about delivering select
Interactive Journal stories to a new audience using innovative technology.''

The WaveTop Channel is the first free consumer entertainment and information service that offers rich multimedia content,
popular publications, games, news and more. WaveTop has partnered with some of the most popular sites on the Internet to
create channels like NewsTop(TM) -- the latest in news, sports, and weather; StockTop(TM) -- provides regularly updated
stock information and business news; KidsTop(TM) -- offers fun, interactive educational content from brand name
children-oriented programmers; TechTop(TM) -- the latest downloads of freeware, shareware and bug fixes; FamilyTop(TM)
-- provides resource information for parents and working women and FunTop(TM) -- provides the latest samples of games,
music and best-selling books. WaveTop's previously announced content providers include CBS SportsLine, PBS Online,
Quote.com, The Weather Channel, N2K's Music Boulevard, BarnesandNoble.com, NECX, People, TIME, Entertainment
Weekly, Money, FORTUNE and Sports Illustrated for Kids and ZDNet.

In October, WavePhore announced that its WaveTop software and service would be included in Microsoft Windows 98. That
agreement will make WaveTop software and service automatically available to all users of Windows 98 who have TV tuner
boards installed inside their PCs. Windows 98 is designed to be fast, easy to use and enable a new information pipeline
through its broadcast architecture, delivering information services such as WaveTop to the home PC. Windows 98 is
scheduled to be available the second quarter of 1998.

WaveTop's PC data broadcast service works by embedding data streams into the unseen portion of existing broadcast
television signals, using the Vertical Blanking Interval (VBI). WaveTop will leverage WavePhore's partnership with PBS
National Datacast, Inc. by broadcasting data over the broadcast signals of its 264 PBS member stations, reaching more than
99% of television households in the U.S.

About The Wall Street Journal Interactive Edition

Introduced in April 1996, The Wall Street Journal Interactive Edition features continuously updated business news both in the
U.S. and around the world, prepared by a dedicated editorial staff and supported by the global resources of The Wall Street
Journal. Subscribers have access to more than 10,000 in-depth background reports on companies, an archive of news articles,
and personal news and stock portfolios. Subscribers can also access the vast Dow Jones Publications Library that features
current and past articles from nearly 5000 newspapers, magazines and business-news sources. The Interactive Journal has
attracted more than 150,000 paid subscribers.

Annual subscriptions to The Wall Street Journal Interactive Edition cost $49. Subscribers to any print edition of the Journal,
Barron's or SmartMoney can subscribe to The Wall Street Journal Interactive Edition for $29. The complete subscription
package also includes Barron's Online and SmartMoney Interactive.

About Dow Jones Interactive Publishing

Dow Jones Interactive Publishing provides business and financial news and information products to corporations and
consumers by computer, telephone, facsimile and radio. More information on Dow Jones Interactive Publishing and its
products can be found at ip.dowjones.com.

Dow Jones (NYSE: DJ - news) publishes The Wall Street Journal and its international editions, The Wall Street Journal
Interactive Edition, Barron's magazine and other periodicals, the Dow Jones Global Indexes, electronic information services
and the Ottaway group of community newspapers.

Electronic information services include: Dow Jones Markets, a leading global provider of news and market information,
decision-support applications, trading-room systems and transaction services for financial institutions; Dow Jones Newswires;
and Dow Jones Interactive. Dow Jones also produces international business television programming.

About WavePhore, Inc.

WavePhore, Inc., the industry leader in data broadcasting, is comprised of three divisions: WavePhore Networks, WavePhore
Newscast, and WaveTop. WavePhore Networks provides flexible, high speed data delivery to more than 80,000 sites
worldwide. WavePhore Newscast delivers real-time, custom- filtered business news to more than 160,000 subscription-based
business users across the U.S., Canada and Europe.

Additional information on WavePhore is available via the Internet at wavephore.com, wavetop.net,
wavo.com and newscast.com.

The Wall Street Journal, and The Wall Street Journal Interactive Edition are marks of Dow Jones & Company, Inc. or its
subsidiaries. All other products mentioned are the marks of their respective owners.

Certain of the above statements regarding WavePhore constitute forward- looking statements which may involve risks and
uncertainties. Actual results could differ materially from such forward-looking statements as a result of a variety of factors,
including, but not limited to, technology changes, competitive developments, industry and market acceptance of new products
and services, and risk factors listed from time to time in WavePhore's SEC filings.

SOURCE: WavePhore, Inc.
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