To: Kerry Phineas who wrote (9043 ) 3/25/1998 6:47:00 PM From: Glenn D. Rudolph Respond to of 13594
AOL and Tel-Save Approach Half a Million Long Distance Lines Business Wire - March 25, 1998 13:38 %AOL-NETWORKS AOL %VIRGINIA %PENNSYLVANIA %COMPUTERS %ELECTRONICS %COMED %TELECOMMUNICATIONS %INTERACTIVE %MULTIMEDIA %INTERNET V%BW P%BW DULLES, Va. and NEW HOPE, Pa.--(BUSINESS WIRE)--March 25, 1998--America Online Inc. and Tel-Save Holdings Inc. said Wednesday that they expect to have generated approximately 500,000 telephone lines by the end of the current quarter under their joint agreement for marketing long distance services to AOL members. "We think this might be one of the fastest share shifts in the history of the long-distance industry -- and we're only just beginning," said Dan Borislow, president of Tel-Save Holdings. "Tel-Save pioneered the practice of online marketing and customer support for long distance services," said Barry Schuler, president, AOL Interactive Services. "This is a win-win-win situation for Tel-Save, America Online and, most importantly, our members, enabling us to provide a real benefit for the AOL members who visit Keyword: LD and sign up in seconds for the best value in long distance -- long distance service for 9 cents a minute, 24 hours a day, seven days a week." In addition to providing interstate long distance service for 9 cents a minute, 24 hours a day, 7 days a week, the AOL Long Distance Savings Plan offers AOL members online billing detail including the ability to view previous months and the ability to check the billing detail for calls made just minutes before, and customer service 24 hours a day, seven days a week -- all without usage requirements, sign-up charges or monthly fees. America Online Inc., (NYSE: AOL) based in Dulles, is the world's leader in branded interactive services and content. America Online operates two worldwide Internet online services: AOL, with more than 11 million members; and CompuServe, with more than two million members. America Online also operates AOL Studios, the world's leading creator of original interactive content. Other branded Internet services operated by America Online include AOL.COM, the world's most accessed Web site from home; AOL Instant Messenger, allowing instant communication with all Internet users; and AOL NetFind, AOL's comprehensive guide to the Internet. Tel-Save Holdings Inc. is a nationwide provider of telecommunications services utilizing its state-of-the-art telecommunications network - One Better Net (OBN). Tel-Save headquarters are located at 6805 Route 202, in New Hope. CONTACT: AOL Ann Brackbill, 703/265-1746 Richard Hanlon, 703/265-3573 or Tel-Save Dan Borislow, 215/862-1082