To: wonk who wrote (1803 ) 8/4/1998 7:17:00 AM From: Frank A. Coluccio Read Replies (6) | Respond to of 12823
A Happy Compromise? IVI intros $29.95 for 256 kb/s cable or wireless modem. Requires upstream to be sent over separate telephone line. Internet Ventures, Inc. Sets $29.95 PeRKIneta Price; Lowest National Price in Broadband Industry August 4, 1998 LOS ANGELES--(BUSINESS WIRE) via NewsEdge Corporation -- In a move designed to broaden the mass appeal of its PeRKIneta high-speed Internet service, Internet Ventures, Inc. will introduce the most aggressive national pricing structure in the industry. The announcement was made by Don Janke, president of Internet Ventures (IVI). Beginning today, PeRKInet subscribers will receive download speeds up to 256Kbps for $29.95 per month, only $8 more than the cost of standard dial-up service from Internet Ventures affiliates. The price, which represents a 50 percent saving over previous PeRKInet pricing, is the lowest in the nation by a high-speed cable broadband Internet access vendor. Traditionally, high-speed Internet-over-cable costs have ranged from $34.95 to $55 per month. IVI will implement the new pricing policy immediately in all markets. The company has agreements for current or future PeRKInet service with Avenue TV Cable in Ventura, CA; with Cox Cable Humboldt (NYSE: COX) in Humboldt County, CA; with Davis Communications in Deer Park Washington; with Sun Country Cable in Groveland, CA; and with American Telecasting of Medford (ATEL) in Medford, OR. "High-speed Internet service is evolutionary, not revolutionary," said Don Janke, president of Internet Ventures, Inc. ( perki.net or www.ivn.net/) "It's important that we provide subscribers the incentive to see the benefits of the service for themselves. We see affordable pricing as the key to making PeRKInet attractive to consumers at large, in the same way that pricing paved the way for the success of the cellular telephone industry." The $29.95 monthly charge includes a $21.95 Internet access charge, which will be billed to subscribers directly by IVI's affiliated ISP's. The remaining $8 will be included on the bills of IVI's cable or wireless partners. All necessary hardware will be provided by Internet Ventures at no charge. In addition, IVI will work with its affiliates and partners to waive setup fees for limited periods. "Our background as an established Internet service provider has been a critical part of our strategy in introducing, marketing and supporting PeRKInet," said Janke. "IVI is in a unique position in each of its markets: Our critical mass of dial-up customers enables us to affordably offer Internet users a vastly superior product. We intend to replicate that formula through newbuilds and acquisitions in the small to mid-size markets nationally that fit our business model." PeRKInet uses a Phone Return Cable Internet technology which combines regular phone lines and existing cable TV plant to deliver Internet access at speeds substantially greater than X2 and K56Flex modems. PeRKInet offers downloads up to 256kbps downstream for PeRKInet Limited users and up to 10Mbps for commercial users. Upstream data is moved via a telephone modem at up to 33.6kbps or via an ISDN terminal adapter at up to 128kbps. Customers receive data on a PC equipped with a cable modem and an Ethernet card. Other companies which offer Internet Access (Internet Service Providers) are @Home (NASDAQ:ATHM), Earthlink (NASDAQ:ELNK), Mindspring (NASDAQ:MSPG), Online System Service (NASDAQ:WEBB), PSINet (NASDAQ:PSIX) and Rocky Mountain Internet (NASDAQ:RMII). Internet Ventures, Inc.'s current operations provide comprehensive and market-specific Internet services in Ventura, Humboldt, Del Norte and San Joaquin Counties, CA; Mesa County, CO; Kootenai County, ID; Jackson County, OR; and Spokane County, WA. CONTACT: Paul Schneider Public Relations, Langhorne | Paul Schneider, 215/702-9784 | Page: 800/759-8888, PIN No. 1196796 | Fax: 215/702-8547 | pspr@worldnet.att.net [Copyright 1998, Business Wire]