Newz:
HIGH SPEED ACCESS CORP. SURPASSES 100,000 CABLE MODEM SUBSCRIBERS
Company posts year-over-year subscriber growth of approximately 520%
Littleton, Colo. – January 24, 2001 – High Speed Access Corp. (NASDAQ: HSAC), a leading provider of broadband services, today announced that the company now serves more than 100,000 residential cable modem subscribers nationwide. HSA and its cable partners have focused on rapidly deploying cable modem service to meet increasing consumer demand for broadband Internet services.
As of December 31, 2000, HSA had the right to offer services to more than 6.6 million homes passed under contracts or letters of intent. During the fourth quarter of 2000, HSA deployed approximately 400,000 additional homes, bringing its total cable system deployments to approximately 3.8 million homes. HSA's residential broadband subscriber base increased 78% from 56,000 at September 30, 2000 to approximately 100,000 at the end of the fourth quarter. This represents a year-over-year subscriber increase of approximately 520% from 16,000 at December 31, 1999.
"We have had tremendous success in growing our business and bringing the broadband experience to thousands of customers in both large and small markets throughout the country. Many of our deployments have been in suburban and rural markets where HSA is the sole bridge over the Digital Divide," said Dan O’Brien, President and CEO of HSA. "As we continue to deploy new markets and expand our subscriber base, we will further enjoy the cost benefits of leveraging our high-quality, national infrastructure. In addition, we look forward to supporting our business partners in the development of compelling service offerings for both residential and commercial customers."
About High Speed Access Corp.
High Speed Access Corp. (Nasdaq: HSAC), a Wired World Company™, is a leading provider of broadband Internet access and related communications services to residential customers and small and medium enterprises, or SMEs, nationwide primarily using cable modem technology. HSA’s core service offering currently consists of cable modem Internet access, which HSA offers at several speeds and prices to residential end-users through partnerships with cable multiple system operators. HSA is actively expanding its offering of services to include DSL services as well as expanded web site hosting and a range of other value-added and ongoing support services primarily for commercial customers. HSA also is conducting technical and customer trials for Internet Telephony service in collaboration with major telecommunication vendors.
Cautionary Note Regarding Forward Looking Statements about HSAC: This press release contains statements about future events and expectations that are "forward-looking statements." Any statement in this press release that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause the company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Specific factors that might cause such a difference include, but are not limited to: the company’s unproven and evolving business model, which has recently undergone substantial changes; the company’s history of losses and anticipation of future losses; the company’s need for additional capital, which may not be available to fund its business plan; the potential fluctuations in the company’s operating results; the company’s competition; the company’s potential inability to attract and retain end users; the company’s potential inability to establish or maintain relationships with DSL wholesalers and cable operators, including Charter; rapid technological change and evolving industry standards in the markets for the company’s services; and those risks and uncertainties discussed in filings made by the company with the Securities and Exchange Commission.
High Speed Access Corp.
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