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To: Sarkie who wrote (17262)	3/1/2000 1:56:00 PM
From: BradleyMarshall	Respond to of 28311

Broadband Access Systems, Inc. Receives $5 Million in Funding from Vulcan Ventures, Inc. BusinessWire, Wednesday, March 01, 2000 at 08:13 WESTBOROUGH, Mass.--(BUSINESS WIRE)--March 1, 2000--Broadband Access Systems, Inc., the industry's first company exclusively focused on providing cable access solutions for the deployment of value-added data and voice services, announced today that it has received $5 million of funding from Vulcan Ventures, Inc. Vulcan Ventures Inc., the investment organization of Paul G. Allen has invested $5 million in Broadband Access Systems to be used primarily for operating expenses. This latest funding is part of a mezzanine round of financing in which Broadband Access Systems received $45 million from various investors. This brings the total capital raised to over $72 million. "Paul Allen and Vulcan Ventures have provided billions of dollars in funding for the cable industry," said Abbot Gilman, co-founder and chief operating officer of Broadband Access Systems. "BAS' solutions will enable both cable operators and their customers to reap the benefits of the Internet and IP telephony advancements." "Broadband Access Systems represents an opportunity to extend our investments in the broadband sector by partnering with a leading organization," said William Savoy, president of Vulcan Ventures. About Vulcan Ventures Vulcan Ventures, Inc. of Bellevue, Washington, was founded by Paul G. Allen in 1986. Through Vulcan Ventures, Allen invests in companies that offer products, services or technologies that fit his wired world strategy. 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 the secure investment opportunities. Allen remains chairman of Vulcan. Vulcan Ventures' web address is: www.paulallen.com. About Broadband Access Systems, Inc. Founded in February 1998, Broadband Access Systems, Inc. is a leading developer of a new generation of award-winning highly integrated carrier-class broadband access systems that allow service providers to deliver high quality data, voice, and video services to large numbers of users. Headquartered in Westborough, Massachusetts, the company's management team brings years of experience in networking and telecommunications from companies such as Nortel Networks (NYSE:NT), Lucent (NYSE:LU), AT&T (NYSE:T), FORE Systems, Digital Equipment Corporation, 3Com (NASDAQ:COMS), and Tellabs (NASDAQ:TLAB). Broadband Access Systems is funded by Matrix Partners, North Bridge Venture Partners, The Still River Fund, Norwest Venture Partners, Bowman Capital Management, Soros Private Equity Partners, and Vulcan Ventures. Additional company information can be found at www.basystems.com.