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Technology Stocks : juno.com (JWEB)----IPO

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To: rdmsqito who wrote (195)7/1/1999 9:51:00 AM
From: rdmsqito  Read Replies (1) of 510
 
Juno Becomes Charter Member of iAdvance; Industry Leaders Join Forces to Promote Open Access to the Internet NEW YORK--(BUSINESS WIRE)--June 29, 1999--Juno Online Services, Inc. (NASDAQ: JWEB) today announced that it has become a charter member of iAdvance, an Internet advocacy group headed by former Representative Susan Molinari (D-NY) and former Presidential press secretary Mike McCurry. iAdvance was formed to promote public policy initiatives to ensure the availability of high-speed Internet access, and of greater choice among high-speed access providers, to all Americans. Other charter members of iAdvance include Bell Atlantic and Gateway. In addition to its efforts in support of widespread, high-speed Internet access, iAdvance plans to work toward establishing universal standards for Internet interfaces, lobby for legislation to eliminate federal regulations that limit the development of nationwide broadband services, and promote large-scale corporate investment in all aspects of national and global telecommunications markets. Its primary focus will be to support the development of a safe, efficient, and inclusive Internet architecture that will serve all segments of the U.S. population. With millions of subscribers throughout the United States, Juno brings to iAdvance considerable experience in creating and maintaining large-scale, national Internet services. Since Juno works with several carriers to provide its subscribers with access to more than 1,900 dial-up points of presence across the country, the company also brings to the coalition experience in converting multiple local and regional network components into a coherent national user experience. "We're delighted to be a part of iAdvance," said Roger Stone, who heads the Juno Advocacy Network, the Washington, D.C.-based division of Juno that focuses on public policy issues. "By promoting open competition, by lobbying against restrictive legislation, and by working toward nationwide standards that make accessing and using the Internet simpler and cheaper for everyone, iAdvance can do much to ensure that the Internet revolution doesn't leave out large segments of the population." About Juno Online Services, Inc. Juno Online Services, Inc. is a provider of Internet-related services to millions of computer users throughout the United States. The company offers several levels of service, ranging from basic dial-up Internet e-mail--which is provided to the end user for free--to full, competitively priced access to the World Wide Web. Since the launch of Juno's basic e-mail service in April 1996, more than 7 million total Juno accounts have been created. Juno's revenues are derived primarily from the subscription fees charged for certain billable services, from the sale of advertising, and from the direct sale of products to Juno subscribers. This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including without limitation any statements as to future events or future financial results of Juno, may be significantly and materially impacted by risks and uncertainties. In evaluating such statements, readers should specifically consider various factors that could cause actual events or results to differ materially from those indicated, including without limitation factors described in Juno's reports and documents filed from time to time with the Securities and Exchange Commission. --30--flb/ny* CONTACT: Edelman PR Worldwide, New York Anna Svaldi 212/704-8288 prsupport.juno.com or Juno Online Services, Inc., New York Becky Yeamans 212/597-9005 yeamansstaff.juno.com
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