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Technology Stocks : Echostar Comm. -- Ignore unavailable to you. Want to Upgrade?

To: rusty curbow who wrote (444)	10/30/1997 1:29:00 AM
From: Frank Byers	Read Replies (2) \| Respond to of 1394

Excellent subscriber numbers, we're kicking DirectTV's butt. Any idea as to why Primestar lost so many subs? FB

To: rusty curbow who wrote (444)	10/30/1997 11:47:00 AM
From: Stoctrash	Read Replies (2) \| Respond to of 1394

EchoStar Communications Corporation Offers 3.1 Million Shares of Class A Common Stock and 2.0 Million Shares of 6-3/4% Series C Cumulative Convertible Preferred Stock ENGLEWOOD, Colo.--(BUSINESS WIRE)--Oct. 30, 1997--EchoStar Communications Corporation (''EchoStar,'' NASDAQ:DISH) announced today that it will sell 3.1 million shares of Class A Common Stock. EchoStar is also concurrently offering 2.0 million shares of 6-3/4% Series C Cumulative Convertible Preferred Stock. The total proceeds are expected to be approximately $160 million. The proceeds from the Offering will be used to fund the expansion of EchoStar's state-of-the-art DISH Network direct broadcast satellite system subscriber base, marketing expenses and general corporate purposes. EchoStar III launched on October 5, 1997, from Cape Canaveral Air Station, Florida. EchoStar III will complement current programming offered by the DISH Network by expanding international, educational and business programming, including possible data delivery and retransmission of local channels in certain U.S. television markets. EchoStar, headquartered in Englewood, Colorado, is a worldwide manufacturer and distributor of satellite television products and the only U.S. provider of state-of-the-art full MPEG-2/DVB-compliant satellite television systems. EchoStar is a single consumer source for equipment, sales, installation and service, consumer financing and programming distribution. EchoStar is widely recognized in the satellite industry for its advanced research and development activities. DISH Network is a service mark of EchoStar Communications Corporation. DISH Network is located on the Internet at: dishnetwork.com . The statements included in this press release concerning predictions of economic performance and management's plans and objectives constitute forward looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from the forward looking statements. Factors which would cause or contribute to such differences include, but are not limited to, factors detailed in EchoStar's Securities and Exchange Commission filings, downturns in EchoStar's primary markets, disruptions in EchoStar's operations from acts of God, launch failures, competition and the unavailability of financing to complete management's plans and objectives. ------------------------------------------------------------------------ Contact: EchoStar Communications Corporation, Englewood Judianne Atencio, 303/799-8222, ext. 5112 E-mail: judianne.atencio@echostar.com