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To: Frank A. Coluccio who wrote (1991)	8/28/1998 10:57:00 AM
From: Frank A. Coluccio	Read Replies (3) \| Respond to of 12823

Internet Ventures Inc. To Focus On Larger Clusters; Mutually Terminates Agreement With Sun Country Cable August 28, 1998 LOS ANGELES--(BUSINESS WIRE) via NewsEdge Corporation -- Internet Ventures Inc., the California-based provider of dial-up and high-speed Internet service, announced Thursday that it would focus new launches of its high-speed PeRKInetin a local calling area. The announcement was made by Don Janke, president of Internet Ventures (IVI). In conjunction with the refocusing, IVI ( perki.net or ivn.net also announced that it had reached an accord with Sun Country Cable to terminate the 1997 agreement that would have provided PeRKInet service to subscribers in selected Sun Country systems, beginning with a 1,700-subscriber system in Groveland, Calif. "As the high-speed Internet industry evolves, each provider will find the niche that works best for its business," said Janke, in making the announcement. "We've made a commitment to provide totally turnkey subscriber access at a new price point of $29.95. That business model is based in part on our ability to reach a larger number of subscribers in a given region than we originally planned. "David Kinley, Sun Country's president, has been a supporter of IVI since the company's earliest days. We're grateful to him for his understanding of our need to mirror, in a smaller way, the same cluster strategy that has worked so well for the cable industry." Since the new pricing structure was launched Aug. 3, PeRKInet subscribership in the Humboldt County market served by IVI's Northcoast Internet affiliate and Cox Cable Humboldt has risen from 50 to more than 125. IVI's VenturaLink affiliate and Avenue TV Cable will officially launch the service in Ventura, Calif. Sept. 1. PeRKInet subscribers 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. The $29.95 monthly charge includes a $21.95 Internet access charge, which is billed to subscribers directly by IVI's affiliated ISP's. The remaining $8 is included on the bills of IVI's cable or wireless partners. All necessary hardware is provided by Internet Ventures at no charge. In addition, IVI works with its affiliates and partners to waive setup fees for limited periods. Other companies which offer Internet Access (Internet Service Providers) are @Home (NASDAQ: ATHM), Earthlink (NASDAQ: ELNK), Soft Net Systems (AMEX: SOF), Mindspring (NASDAQ: MSPG), Online System Service (NASDAQ: WEBB), PSINet (NASDAQ: PSIX) and Rocky Mountain Internet (NASDAQ: RMII). 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 subscribers and up to 10Mbps for commercial customers. 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. Internet Ventures Inc. provides Internet communications for exurban markets. The company's current operations service Ventura, Humboldt, Del Norte and San Joaquin Counties, Calif.; Mesa County, Colo.; Kootenai County, Idaho; Jackson County, Ore.; and Spokane County, Wash. CONTACT: Paul Schneider, 215/702-9784 \| Page: 800/759-8888 \| PIN No. 1196796 [Copyright 1998, Business Wire]