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Technology Stocks : (JWEB)----IPO

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To: rdmsqito who wrote (221)8/9/1999 10:42:00 AM
From: rdmsqito  Read Replies (1) of 510
Juno and America Online Form Alliance to Offer a Co-Branded Version of AOL Instant Messenger to Millions of Juno Subscribers
Business Wire - August 09, 1999 09:30
NEW YORK and DULLES, Va.--(BUSINESS WIRE)--Aug. 9, 1999--Juno Online Services, Inc. (NASDAQ:JWEB) and America Online (NYSE:AOL) today announced that they will collaborate on a co-branded version of AOL Instant Messenger(SM) (AIM) instant messaging product to be provided to Juno's subscribers.

Users of Juno's popular Internet services who have full Web access will be able to exchange real-time instant messages not only with fellow Juno users but also with the AIM community which includes 17 million AOL members and 28 million registered AIM users.

Under the multi-year agreement, the companies plan to distribute a co-branded version of AOL's Instant Messenger with Juno's current Internet services. Juno will promote the new service on JunoLand(SM), the company's recently launched online community site, as well as through its main portal site on the Web,

Charles Ardai, Juno's president and chief executive officer, commented: "AOL has done an outstanding job of establishing instant messaging as a valuable and enjoyable piece of the Internet experience, and we're excited to be working with them to make this feature available to our members. Two of the largest audiences on the Internet will now be able to easily communicate with each other as they've never been able to before."

"We're pleased to work with Juno to offer its users AIM's seamless, easy, and secure instant messaging experience," said Bob Pittman, president and chief operating officer of America Online. "Now Juno users will be able to use AIM, one of the most popular features on the Internet, to instantly communicate with friends, family and business colleagues anywhere in the world."

In the past six months, the AIM service has more than doubled registrations to 28 million members as users continue to make it a key part of their interactive experience. The AIM service is the free Internet version of the instant messaging service on America Online. Today, there are more than 43 million registered users of America Online instant messaging and the AIM service who collectively send more than 430 million messages a day.

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 subscribers.

About America Online, Inc.

Founded in 1985, America Online, Inc., based in Dulles, Virginia, is the world's leader in interactive services, Web brands, Internet technologies, and e-commerce services. America Online, Inc. operates: two worldwide Internet services, America Online, with more than 17 million members, and CompuServe, with approximately 2 million members; several leading Internet brands including ICQ, AOL Instant Messenger and Digital City, Inc.; the Netscape Netcenter and AOL.COM portals; the Netscape Navigator and Communicator browsers; AOL MovieFone, the nation's No. 1 movie listing guide and ticketing service; and Spinner Networks and NullSoft, Inc., leaders in Internet music. Through its strategic alliance with Sun Microsystems, the company develops and offers easy-to-deploy, end-to-end e-commerce and enterprise solutions for companies operating in the Net Economy.

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.

CONTACT: Edelman PR Worldwide
Anna Svaldi, 212/704-8288
Juno Online Services
Becky Yeamans, 212/597-9005
America Online
Wendy Goldberg, 703/265-2359
America Online
Tricia Primrose, 212/484-7450
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