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Technology Stocks : Paul Allen's Wired World -- Ignore unavailable to you. Want to Upgrade?

To: PatrickMark who wrote (133)	7/9/1999 5:16:00 AM
From: SMALL FRY	Respond to of 361

Input on investment in Wink Communications. Vulcan Ventures Inc. Invests $10 Million in Wink Communications, Inc. Wink Deployment Planned for Vulcan-Owned Cable Properties Anaheim, CA, December 2, 1998 - Wink Communications, Inc. today announced a $10 million investment in the company by Vulcan Ventures, the investment entity owned by Microsoft co-founder Paul G. Allen. As part of the investment agreement, Wink's Enhanced Broadcasting™ and E-commercial™ technology will be deployed in Vulcan-owned cable systems including Charter Communications and Marcus Cable. Enhanced Broadcasting services will be provided to customers with advanced analog and digital set-top terminals. Further terms and conditions of the agreement were not disclosed. Vulcan Ventures President William Savoy commented, "Wink Communications and Wink's Enhanced Broadcasting technology clearly fits our "wired world" strategy. Wink is the front runner in providing an end-to-end television e-commerce system through cable's broadband pipe." "We believe interactive television and E-commerce on TV are important components of our enhanced service offering. Wink's enhanced broadcasting enables us to deliver over 20 networks with interactive programming to advanced analog and digital boxes today," said Jerald L. Kent, Charter Cable CEO. "Wink's easy-to-use interactivity gives customers ever expanding value from their viewing experience." Wink Communications CEO Maggie Wilderotter remarked, "Wink is very pleased with Paul Allen's investment in the company and the commitment to deploy Enhanced Broadcasting. This is a material endorsement of the Wink technology from a foremost leader in new media." About Vulcan Ventures Inc. Vulcan Ventures Inc. of Bellevue, Washington was founded by Paul G. Allen in 1986 to research and implement his investments. Allen's investments through Vulcan Ventures are long-term, as his goals enable him to take above-average risks and a long-term view. Through Vulcan Ventures, Allen invests in companies which offer products, services or technologies that fit his wired world strategy, and can contribute to or benefit from the technology and strategy of other Paul Allen companies. William D. Savoy is president of Vulcan Ventures and represents Allen in his professional and personal financial transactions as well as managing the Vulcan analysts who investigate and secure investment opportunities. Allen remains chairman of Vulcan. About Wink Communications, Inc. Wink Communications, Inc. provides an end-to-end system for enhanced television services and E-commerce transaction capture and routing services. In addition to today's announcement, Wink has formed strategic relationships with a number of cable operators including Time Warner Cable, Century Communications, InterMedia Partners and Jones Intercable. Strategic partnerships also exist with several television and set-top terminal manufacturers including General Instrument, Pioneer, Scientific-Atlanta, Toshiba and Matsushita. Numerous broadcast and cable networks partner with Wink for the development of Wink-enhanced programming including CNBC, CNN, CNN Headline News, Court TV, E! Entertainment Television, ESPN, ESPN2, HBO, Lifetime, NBC, Nickelodeon/Nick at Nite, Showtime, TBS, The Nashville Network, The Weather Channel, TNT and VH1. Wink Enhanced Broadcasting™ has been deployed in Japan since October 1996 and was initially deployed in the United States in June 1998 on an InterMedia Partners cable system. Additional information on Wink Communications can be obtained at: www.wink.com. ### Contact: Katie Sullivan Wink Communications 510.337.6960 katie.sullivan@wink.com Susan Pierson Brown Vulcan Ventures Inc. 425.453.1940