Subject: Stockwatch US: GMGC
Date: Tue, Feb 22, 2000, 9:28 AM
(Applies to: GMGC JWEB)
(JWEB) General Magic and Juno Announce Strategic Marketing Alliance;
myTalk Service to be Marketed to Millions of Juno Subscribers
General Magic, Inc. (Nasdaq:GMGC) and Juno Online Services, Inc.
today announced an agreement to provide General Magic's myTalk(TM) Web
for free to Juno's millions of members.
Juno will be the first Internet access provider to offer this ISP service,
enables consumers to receive and respond to e-mail and voicemail messages
through the phone or the Web.
"The award-winning myTalk service is a terrific addition to Juno, and we
our members will really like it," said Charles Ardai, Juno's president and
"Our members will now be able to get their e-mail at any time and from any
Using myTalk, Juno members will be able to dial a toll-free number from any
telephone, hear their e-mail messages read to them, and respond to messages
speaking into the phone. Users can interact with myTalk entirely by voice,
example by saying "Play it" to listen to a message or "Send a reply" to
to an e-mail. myTalk currently has more than 500,000 members, attesting to a
growing consumer interest in Web talk services.
"It is exciting for us to partner with Juno, one of the nation's leading
providers of Internet services," said Steve Markman, president and CEO of
General Magic. "We expect many Juno users to add to their e-mail experience
taking advantage of the myTalk service. We are delighted to welcome Juno's
member base to our myTalk community."
Juno Online Services, Inc. is a leading provider of Internet-related
millions of computer users throughout the United States. The company offers
several levels of service, ranging from basic dial-up Internet access --
is provided to the end user for free -- to high-speed broadband access,
currently being tested in selected markets. Juno's revenues are derived
primarily from the subscription fees charged for its billable premium
from the sale of advertising, and from various forms of electronic commerce.
For more information about Juno, visit www.juno.com/corp. To get a free copy
the Juno software, go to www.juno.com, or call toll-free 800/TRY-JUNO.
About General Magic
General Magic developed myTalk to make communication and access to
easy and convenient. The company's innovative, patent-pending magicTalk(TM)
voice interface lets people interact with information using their own words,
if they were talking to another person. For more information about General
Magic, visit www.generalmagic.com. Investors with questions may call
Communications at 877/245-6973.
General Magic notes that this press release contains forward-looking
There are risks and uncertainties that may cause actual results to vary
materially. These risks and uncertainties include, but are not limited to,
adequacy of the Company's financial resources to execute its business plan;
Company's ability to attract, retain and motivate key technical, marketing
management personnel; continued market acceptance of the myTalk service;
persistent increases in the rate of new member growth; the capability of the
Company's Network Operations Center to handle demand; increased competition
the market for voice-enabled services; introduction of competing products
technological and/or other advantages; and the challenges inherent in the
development and delivery of complex technologies. These and other risk
are detailed in General Magic's Registration Statement on Form S-3, filed on
December 17, 1999.
Statements in this press release regarding Juno Online Services, Inc. that
not historical facts are forward-looking statements and are subject to risks
uncertainties that could cause such statements to differ materially from
future events or results. Any such forward-looking statements are made
to the safe harbor provisions of the Private Securities Litigation Reform
1995. The following factors, among others, could cause Juno's actual results
differ materially from those described in a forward-looking statement:
history of offering Juno's billable premium services and free basic service
its current form; history of losses; failure to retain or grow Juno's
base; increasing competition from existing or new competitors; inability to
sustain current levels of subscriber acquisition or retention; inability to
successfully migrate members to or retain members in Juno's billable premium
services; increased telecommunications costs resulting from the expansion of
Juno's free basic service; rapid technological change; possible
of financing as and if needed; decreases in the popularity of the Internet
consumers or as an advertising medium; dependence on a limited number of
vendors, including without limitation third-party vendors for the provision
roll-out of the Juno Express broadband service; dependence on strategic
marketing alliances as a source of revenues; inability to achieve
telecommunication cost savings through efficient hardware utilization of
per-modem pricing; possible industry consolidation; and potential
in quarterly and annual results. This list is intended to identify only
of the principal factors that could cause actual results to differ. Readers
referred to the reports and documents filed by Juno with the Securities and
Exchange Commission, including the Registration Statement on Form S-1 filed
January 7, 2000, as amended, for a discussion of these and other important
Note to Editors: General Magic, magicTalk and myTalk are trademarks of
Magic, Inc., which may be registered in some jurisdictions. Other trademarks
owned by their respective companies.
Distributed via COMTEX.
Copyright (C) 2000 Business Wire. All rights reserved.
CONTACT: TSI Communications, Inc.
Leili Eghbal, 650/635-0200
Juno Online Services, Inc.
Becky Yeamans, 212/597-9005
Edelman PR Worldwide
Anna Svaldi, 212/704-8288
KEYWORD: CALIFORNIA NEW YORK
INDUSTRY KEYWORD: INTERNET
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