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Technology Stocks : America On-Line (AOL)

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To: Chuzzlewit who wrote (334)12/30/1998 2:01:00 PM
From: Roy F  Read Replies (3) of 41369
 
AOL Surpasses 15 Million Members

December 30, 1998 01:58 PM
DULLES, Va.--(BUSINESS WIRE)--Dec. 30, 1998--
Christmas Day Makes AOL History with Record Number of New Members Signing Up

America Online Inc. AOL Wednesday announced that worldwide membership of its AOL service has exceeded 15 million. The Company said its growth from 14 million to 15 million members was the fastest addition of one million new subscribers in its history. On Christmas Day alone, more new members joined AOL than on any single day in the company's history. Steve Case, America Online's chairman and chief executive officer, said: "We are gratified that so many people are embracing the Internet and choosing to go online with AOL. This record-setting growth -- fueled by AOL's strong brand, unmatched content and AOL 4.0's convenience and ease-of-use -- continues to accelerate the global momentum of our service and the medium." Case added: "We believe that an ever growing online community makes AOL even more valuable to our members. We are committed to working day and night to continue to improve the service and make it more and more essential to our members' everyday lives. For us, this is all about building a medium that we can be proud of." In August, 1994, AOL announced it had more than one million members. It passed the 10-million-member mark on Nov. 17, 1997. And the Company announced it exceeded 14 million members worldwide on Nov. 12, 1998.

About America Online

America Online Inc., based in Dulles, is the world's leader in branded interactive services and content. America Online Inc. operates two worldwide Internet services: America Online, with more than 15 million members; and CompuServe, with approximately 2 million members. America Online Inc. also operates AOL Studios, the world's leading creator of original interactive content. Other branded Internet services operated by America Online Inc. include AOL.COM, the world's most accessed Web site from home; Digital City Inc., the No. 1 local content network and community guide on AOL and the Internet; AOL NetFind, AOL's comprehensive guide to the Internet; AOL Instant Messenger, an instant messaging tool available on both AOL and the Internet; and ICQ, an instant communications and chat technology on the Internet.



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