RNET is trading at 7/16...almost at 52wl...52wh is 6.50. This out today:
(COMTEX) B: Recovery Network Launch Commitments Continue -- Network I
B: Recovery Network Launch Commitments Continue -- Network Inks Mso Agreement;
Gains Distribution
SANTA MONICA, CALIF. (April 8) BUSINESS WIRE -April 8, 1999--Recovery
Network, Inc. (NASDAQ: RNET) has confirmed the completion of the
affiliation agreement with Caribbean Cable Co op, Ltd. The MSO will
begin to rollout Recovery Network programming in its systems later this
year.
On March 15, Recovery Network launched in Jefferson City, Missouri on
the Jefferson City Correctional Center's in-house cable system on a
24-hour basis to the 2,000 inmates of the facility. This deal marks the
network's entry into the prison systems in the US.
Also, the network announced its May 1 launch on the educational access
channel in Topeka, Kansas educational access channel reaching
approximately 30,000 homes in the city limits. Programming will air
from midnight to 8am daily.
William Moses, Chairman of the Board of Recovery Network, stated, "This
sustained interest in Recovery Network programming, reinforces the
acknowledgement by more and more communities of the need for the
resources we can provide. The recognition that behavioral health issues
affect over 1 in 3 people in our country has helped us significantly
with our distribution efforts."
The Recovery Network, Inc. is a digital media company utilizing its
cable television network, radio, Internet, and telephony platforms to
provide social and behavioral health programming, products and services
to a national audience. The Company's primary market are those affected
by social and behavioral problems that effect 100 million Americans at
a cost to the economy in excess of one-half trillion dollars, annually,
in increased healthcare cost, crime and lost productivity.
The Recovery Network is located on the World Wide Web at
recoverynetwork.com Safe Harbor Statement under the Private
Securities Litigation Reform Act of 1995: The statements which are not
historical facts contained in this press release are forward-looking
statements that involve certain risks and uncertainties including but
not limited to risks associated with the uncertainty of future
financial results, additional financing requirements, development of
new products, government approval processes, the impact of competitive
products or pricing, technological changes, the effect of economic
conditions, and other uncertainties detailed in the Company's filings
with the Securities and Exchange Commission.
-0- eb/ny*
CONTACT: Sandra Eddy
(310) 393-3979
or
CECC Contact:
Dodi Zirkle
(407) 682-2001
KEYWORD: CALIFORNIA INDUSTRY KEYWORD: MEDICINE COMED
COMPUTERS/ELECTRONICS INTERACTIVE/MULTIMEDIA/INTERNET BANKING Today's
News On The Net - Business Wire's full file on the Internet
with Hyperlinks to your home page.
URL: businesswire.com
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