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Technology Stocks : (JWEB)----IPO

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To: Burgoo who wrote (215)7/27/1999 9:36:00 AM
From: Glenn Petersen  Read Replies (1) of 510
JWEB partners with Covad:

Tuesday July 27, 8:26 am Eastern Time

Company Press Release

Juno and Covad Communications Sign Broadband Agreement

Two-Year Agreement Marks Juno's Entrance Into the High-Speed Internet
Service Market

NEW YORK and SANTA CLARA, Calif.--(BUSINESS WIRE)--July 27, 1999--Juno Online Services, Inc. (NASDAQ: JWEB - news) and Covad Communications (NASDAQ: COVD - news), the leading national broadband access provider of Digital Subscriber Line (DSL) services, today announced an agreement that will make it possible for Juno to deliver high-speed Internet access nationwide. Juno users will be able to enjoy all the benefits of broadband access, including access to high-bandwidth multimedia content such as streaming video and audio over the Internet. Juno plans to launch Juno Express, the company's broadband service, in a pilot program later this year, with wider release planned for 2000.

Juno Express will add broadband services to Juno's current range of service offerings, which are designed to offer users a gradual migration path onto the Internet. Subscribers can start using Juno at any of three service levels, ranging from basic dial-up e-mail to full Internet access, and then ''graduate'' to higher levels of functionality as their familiarity with the Internet and their needs grow. With Juno Express, subscribers ready to upgrade from conventional dial-up access to broadband access will be able to do so from within the Juno user environment they are already comfortable using and without having to change their Juno e-mail address.

''Juno is known for its ease of use, and making a broadband service that is genuinely consumer friendly is one of our top priorities,'' said Charles Ardai, Juno's president and CEO. ''With Juno Express our goal is to offer a simple-to-use, reliable broadband service that appeals to mainstream consumers, not just to technophiles and 'early adopters.' Our agreement with Covad represents a major step toward realizing this goal.''

DSL technology provides high-speed Internet access over the copper telephone wires found in nearly all residences today. By using DSL technology, Juno Express can offer users data transfer speeds many times greater than those possible with ordinary modems, as well as a connection to the Internet that remains on continuously, eliminating the need for users to dial into Juno's central computers each time they want to use the Web or send and receive e-mail. Covad's DSL network, the largest in the U.S., already brings high-speed Internet access to 15.4 million homes and businesses, and the company plans to expand its reach to more than 28 million homes and businesses by the end of 1999.

''This agreement will meet the growing demand for today's always-on, higher speed access for delivering media-rich applications for a large number of Americans,'' said Robert Roblin, Covad's executive vice president of marketing. ''Juno Express will help users have access to the unlimited potential of the Internet as an avenue for personal and business growth and success.''

As part of their agreement, Juno and Covad have agreed to jointly fund research into consumer preferences with regard to broadband services, through surveys of both the Juno subscriber base and potential subscribers.

About Covad Communications

Covad Communications Company is the leading provider of high-speed Internet access to large enterprise customers and (through Internet Service Providers) to small and medium-sized businesses and home users. Covad services are currently online in 16 regions, encompassing 37 Metropolitan Statistical Areas. Service is available in the San Francisco, Los Angeles, Seattle, Sacramento, New York, Boston, Washington D.C., Baltimore, Chicago, Philadelphia, San Diego, Atlanta, Detroit, Minneapolis/St. Paul, Denver and Portland metropolitan areas. Covad has announced its plans to offer its services in a total of 22 regions encompassing 51 Metropolitan Statistical Areas nationwide by the end of 1999. Covad Communications Company and its affiliates, doing business as Covad Communications Company, are wholly owned subsidiaries of Covad Communications Group, Inc. (Nasdaq: COVD - news). Its corporate headquarters are located at 2330 Central Expressway, Santa Clara, CA, 95050. Telephone: 1-888-GO-COVAD. Web site:

About Juno Online Services, Inc.

Juno Online Services, Inc. is a provider of Internet-related services to millions of computer users throughout the United States. The company offers several levels of service, ranging from basic dial-up Internet e-mail-which is provided to the end user for free-to full, competitively priced access to the World Wide Web. Since the launch of Juno's basic e-mail service in April 1996, more than 7 million total Juno accounts have been created. Juno's revenues are derived primarily from the subscription fees charged for certain billable services, from the sale of advertising, and from the direct sale of products to Juno

For more information about Juno, or to get a free copy of the Juno software, visit the company's Web site at

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: The statements contained in this release, which are not historical facts may be deemed to contain forward-looking statements, including, but not limited to, deployment of the Company's network in new and existing regions and the timing and breadth of coverage in each region. Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, the Company's dependence on strategic third parties to market and resell its services, intense competition for the Company's service offerings, dependence on growth in demand for DSL-based services, availability of collocation space and facilities, ability to manage and scale operations, and other risks and uncertainties detailed in the Company's Securities and Exchange Commission filings. The Company disclaims any obligation to update information contained in any forward-looking statement.

This press release may be deemed to contain forward-looking information. Any forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, including without limitation any statements as to future events or future financial results of Juno, may be significantly and materially impacted by risks and uncertainties. In evaluating such statements, readers should specifically consider various factors that could cause actual events or results to differ materially from those indicated, including without limitation factors described in Juno's reports and documents filed from time to time with the Securities and Exchange Commission.

Edelman PR Worldwide, New York
Anna Svaldi, 212/704-8288
Juno Online Services, Inc., New York
Becky Yeamans, 212/597-9005
Covad Communications, Santa Clara
Suluh Lukoskie, 408/844-7754
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