To: FDHIII who wrote (360 ) 12/23/1999 1:01:00 AM From: Brasco One Respond to of 510
Juno Announces Intention to Issue Additional Common Stock NEW YORK--(BUSINESS WIRE)--Dec. 23, 1999--Juno Online Services, Inc. (NASDAQ: JWEB - news) today announced that it intends to make a public offering of additional shares of its common stock. The Company expects to file a registration statement with the Securities and Exchange Commission after January 1, 2000. The Company has not yet filed a registration statement relating to these securities with the Securities and Exchange Commission. No securities may be sold, nor may offers to buy be accepted, prior to the time a registration statement becomes effective. The offering of such securities shall be made only by means of the prospectus contained in such effective registration statement. Statements in this press release regarding Juno Online Services, Inc. that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause such statements to differ materially from actual future events or results. Any such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The following factors, among others, could cause Juno's actual results to differ materially from those described in a forward-looking statement: failure to retain or grow Juno's subscriber base; increasing competition from existing or new competitors; failure to sustain current levels of growth; inability to successfully migrate members to or retain members in Juno's billable services following the introduction of Juno's enhanced free basic service package; rapid technological change; possible unavailability of financing as and if needed; decreases in the popularity of the Internet among consumers or as an advertising medium; dependence on a limited number of vendors, including without limitation third-party vendors for the provision and rollout of the Juno Express broadband service; the risk that Juno may be unable to achieve telecommunications cost savings through efficient hardware utilization; possible industry consolidation; potential fluctuations in quarterly and annual results; risks associated with Year 2000 readiness of Juno or its vendors. This list is intended to identify only certain of the principal factors that could cause actual results to differ. Readers are referred to the reports and documents filed by Juno with the Securities and Exchange Commission, especially the Quarterly Report on Form 10-Q for the quarterly period ended September 30, 1999, for a discussion of these and other important risk factors. This announcement does not constitute an offer to sell or the solicitation of an offer to buy securities of Juno Online Services, Inc. Any offer of a sale will be made only by means of a prospectus. -------------------------------------------------------------------------------- Contact: Juno Online Services Becky Yeamans, 212/597-9005 pr@support.juno.com or Barbara Manley, Financial Relations Board 212/455-0926 pr@support.juno.com