To: Kavika who wrote (103876 ) 6/23/2000 10:33:00 AM From: Kavika Read Replies (1) | Respond to
nibbling MCAF : McAfee.com Speeds Past 500,000 Paid Subscriber Milestone in 290 Days Company Becomes World's Largest Online Security Subscription Service SUNNYVALE, Calif., June 19 /PRNewswire/ -- McAfee.com [MCAF-news], the leading global Internet Application Service Provider (ASP) of online PC security and management services, today announced that it signed over one half-million subscribers in just over nine months, earning the title of largest and fastest growing paid subscription service on the Internet. "We have built a truly global business as an online application service provider to secure and manage consumers' personal digital assets via the Internet," stated Srivats Sampath, President & CEO of McAfee.com. "Our solid value proposition, proven scalability and first mover advantage give us the opportunity to become one of the largest websites on the Internet boasting a paid subscriber base." Charles Phillips, managing director, Morgan Stanley Dean Witter states, "In an era of 'free everything' on the Internet, few companies have found a way to build a business around paid subscription services. An accomplishment like this could only have happened by delivering real value to customers. We at Morgan Stanley Dean Witter congratulate McAfee.com for becoming one of the premier subscription services on the Internet. McAfee.com can plant a victory flag in cyberspace." According to IDC, there will be approximately 500 million users on the Internet by the year 2003. "Security is the required common denominator for every exchange on the Internet," continues Sampath. "We believe our 500,000 paid subscriber milestone is only the beginning."
