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Technology Stocks : WorldGate Communications, Inc. (WGAT)

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To: John F Beule who wrote (147)	5/11/1999 1:16:00 PM
From: John F Beule	Read Replies (1) of 589

techweb.com Citigroup is also experimenting with financial services delivered via digital cable TV using set-top boxes. It has begun discussions with cable operators to provide the service to subscribers. Last December, Citigroup signed a deal with TVN Entertainment Corp., a provider of pay-per-view programming, to develop hardware and software for a suite of banking, brokerage, and insurance products for the effort. Phase one of its project with TVN, in which the companies programmed retail-banking functions onto a digital set-top box, was recently completed and is being tested by Citigroup internally. In the second phase, the companies will refine and expand the technology to include other services, and Young says Citigroup expects to begin marketing it to cable operators worldwide within 12 months. The company also signed a deal with startup WorldGate Communications Inc., a provider of Internet TV over cable service. Citigroup will be the exclusive financial-services provider for WorldGate's Internet/TV platform.

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