OR IMMEDIATE RELEASE Contact: Lauren Meller @Home Network 650/569-5181 Molly Lynch @Home Network 650/569-5555 @Home Network and Videon CableSystems, Inc. Announce Agreement for Delivering High-Speed Cable Internet Services in Canada
Four of the Top Five Canadian Cable Operators Now Affiliated with @Home Network
REDWOOD CITY, Calif., March 18, 1999 Expanding its presence in Canada, @Home Network (Nasdaq: ATHM), the leading provider of high-speed Internet services via cable infrastructure, and Videon CableSystems, Inc., Canada's fifth largest cable operator, today announced an agreement to deliver high-speed cable Internet services in key Canadian markets, including Edmonton and Winnipeg. @Home Network will have access to more than 500,000 homes passed for high-speed cable Internet services. The service will be named Videon@Home and is planned to begin deployment in 1999.
"Videon@Home will bring speed, convenience, and exciting local and national content to our cable customers," said Vaughn Tozer, Videon's President of Canadian Cable Operations. "Cable Internet services allow users to be more productive with their online time. @Home's integrated service approach, combined with our local broadband network will deliver rich Internet experiences to all members of the family, whether its keeping in touch with friends and family across Canada or the world, getting help with homework, keeping up with the latest news, weather and sports, finding recipes or purchasing gifts online."
@Home Network, Rogers CableSystems and Shaw Communications created a joint venture called @Home Canada in 1997 to distribute the @Home service to cable companies in Canada. Cogeco Cable Inc., Canada's fourth largest cable company, joined the consortium in 1998 and became an equity partner. Rogers, Shaw, and Cogeco's cable systems together represent nearly 6 million households passed by cable.
Recognizing Canada's distinct marketplace, @Home Canada will customize the Videon@Home user experience to reflect and promote Canada's unique and cultural and geographic characteristics. In addition to developing new content for the service, @Home Canada has formed partnerships with several key Canadian multimedia providers to offer third party content along with existing @Home content.
"Cable is clearly the vehicle of choice for delivering a full range of interactive services to the home," said Dean A. Gilbert, senior vice president and general manager, @Home Network. "Through the power of cable, Videon@Home will help transform the Internet into a viable mass medium that will be as readily available and indispensable to the home as the telephone and television."
Videon is rebuilding its cable television systems to state-of-art hybrid-fiber coaxial architecture that will support @Home Network's national broadband backbone. Videon will utilize @Home's distributed network infrastructure and unique broadband national content. The alliance will position Videon customers at the forefront of a new generation of high-speed communications.
Existing Internet customers now served by Videon's WAVE service in Manitoba and its Power Surfer service in Alberta are scheduled to begin conversion to the @Home service before the end of the third quarter of 1999.
@Home Network is more than a simple connection to the Internet. @Home has developed a distributed, intelligent network that utilizes sophisticated caching and replication technologies to create a high-performance "parallel" Internet. With this network, @Home will be able to cost-effectively scale its network capacity to support ubiquitous broadband services in both metropolitan and rural markets throughout North America.
Videon CableSystems, Inc. Videon CableSystems Inc. is a wholly owner subsidiary of Moffat Communications Limited. Moffat Communications Limited has substantial interests in cable television systems in Canada and the United States, namely, Videon CableSystems Inc. which owns and operates cable television systems in Winnipeg, and 22 regional communities in Manitoba and Northwestern Ontario; Videon CableSystems Alberta Inc., which owns and operates systems in Edmonton and 24 regional communities in Alberta; Kingwood Cablevision, Inc. near Houston, Texas; Palm Coast Cablevision, Ltd. in Palm Coast, Florida, and FSN Cable, Inc. near Tampa, Florida. The Company also owns 69.7% of WTN, a nationally distributed specialty television network and CKY-TV, the CTV Television Network affiliate in Manitoba.
About @Home Network Based in Redwood City, California, @Home Network (Nasdaq: ATHM) distributes high-speed, openly accessible Internet and Web services to residences and businesses using its own network architecture and a variety of transport options including the cable industry's hybrid-fiber coaxial infrastructure. The cable connection provides users significant increases in speed over conventional Internet services. Leveraging the "always on" attributes of cable, @Home allows for unique multimedia applications that go beyond current Web experiences. Individuals seeking additional information about availability and subscription can refer to the @Home Network Web site (www.home.net). Since its founding in 1995, @Home Network has reached affiliate agreements with nineteen leading cable companies-worldwide, including AT&T Broadband and Internet services, Bresnan Communications Company, Cablevision Systems Corp., CasTel, Century Communications, Charter Communications, Cogeco Cable Inc., Comcast Corporation, Cox Communications, Garden State Cable, Insight Communications, InterMedia Partners, Jones Intercable, Lenfest Communications, Midcontinent Cable Co., Palet Kabelcom, Rogers Cablesystems Limited, Shaw Communications, and Videon CableSystems, Inc. |