| To: Glenn Petersen who wrote (216) | 7/27/1999 10:18:00 AM | | From: rdmsqito | | | |
Juno and CyberMax Form Alliance To Offer PC/Internet Service Bundle: Juno To Provide Internet Services for CyberMax's Woodogie! PC
Business Wire - July 27, 1999 08:39
NEW YORK/SOMERSET, N.J.--(BUSINESS WIRE)--July 27, 1999--Juno Online Services, Inc. (NASDAQ: JWEB) and CyberMax(r) Computer Inc. today announced that they have entered into an agreement to offer Juno(r) Internet services with CyberMax's WooDogie! PC/Internet bundle, making it easier than ever for consumers to get onto the Internet.
The alliance, which marks Juno's entry into the rapidly emerging "Computer Service Provider" space, will allow consumers to buy a top-of-the-line PC together with a full year of World Wide Web access for just $599, a price that is significantly lower than similar deals offered by other major PC manufacturers.
The WooDogie! from CyberMax is a fast and powerful Cyrix(r) MII 350-based computer. Standard features of the WooDogie! Include:
- 32 MB of memory
- 4.3 GB hard drive
- 40X Max variable speed CD-ROM
- Woo-Key programmable keyboard
- 15-inch color monitor
- stereo speakers
- K56Flex V.90 modem.
The computer comes with a 1-year guarantee on parts and labor as well as 90 days of free technical support. A WooDogie! Deluxe is also available with several performance upgrades as well as a 17-inch color monitor.
Since the WooDogie! comes bundled with Juno Web(sm), Juno's full Internet access service, anyone who purchases it will have access to reliable, easy-to-use Internet service in virtually all geographical locations throughout the United States. With its new software (version 3.0) and a newly redesigned portal site (http://www.juno.com), Juno provides an unusually simple way to start using the Internet, offering both newcomers and more experienced Web users a satisfying online experience.
"In partnering with CyberMax, our goal is to make sure that the benefits of the Internet are available to all consumers," said Charles Ardai, Juno's president and CEO. "We are pleased to be working with CyberMax to provide high-value service options to both our current and future members."
"In developing WooDogie! we knew that partnering with a leading Internet service was essential. With Juno we have one of the largest and best in the business, ensuring that WooDogie! customers will have an outstanding, simple-to-use Internet service," said CyberMax vice president Bill Bisignano.
Consumers can find out more about CyberMax's WooDogie! by visiting the Web site at woodogie.com or by calling (877) WOODOGIE (966-3644). More information about Juno Web is available on the Juno Web site (http://www.juno.com).
About CyberMax Computer, Inc.
Founded in 1989 CyberMax Computer, Inc. specializes in delivering custom built, factory-direct PCs, with service and reliability consistently rated among the best in the industry. In 1998 CyberMax was recognized with a Direct Channel Industry Achievement Award for Systems at Comdex, the computing industry's largest trade gathering in Las Vegas. CyberMax PCs have won numerous industry accolades throughout their ten-year history and that trend continues with dozens of awards in the last few months alone. Additional information on CyberMax may be found at www.cybermaxpc.com.
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.
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.
CONTACTS: Edelman Worldwide
Anna Svaldi, 212/704-8288
pr@support.juno.com
or
CyberMax Computer Inc.
John Schneider, 800/813-2081
johns@cybermaxpc.com
or
Juno Online Services, Inc.
Becky Yeamans, 212/597-9005
yeamans@staff.juno.com |
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| To: Burgoo who wrote (215) | 7/28/1999 10:33:00 PM | | From: rdmsqito | | | |
Juno Online Services, Inc. Reports Record Second Quarter Financial Results
PR Newswire - July 28, 1999 16:16
160% year-over-year increase in total Q2 revenues
Billable services subscribers up 30% sequentially in quarter to 270,000
7.2 million total subscriber accounts at quarter end
NEW YORK, July 28 /PRNewswire/ -- Juno Online Services, Inc. (Nasdaq: JWEB), a leading national provider of Internet-related services, reported record revenues of $11.1 million for the second quarter ended June 30, 1999, a 160% increase over revenues of $4.3 million reported in the same period in 1998.
Billable service subscribers grew to 270,000, up 30% sequentially from 207,000 at March 31, 1999. Juno had approximately 7.2 million total subscriber accounts as of June 30, 1999.
Charles Ardai, Juno's president and chief executive officer commented, "We are very pleased with the strides we have taken to grow our billable subscriber base and to enhance our members' experience of using the Internet. Our new software, Juno(R) 3.0, makes it simpler than ever for someone to take his or her first step onto the Internet with Juno, and our upgraded portal site at www.juno.com offers the feature-rich community experience, extensive content, and personalized customer support that we believe generate user loyalty."
Billable service revenues led the revenue climb with an increase to $7.1 million in the second quarter, up 22% from $5.8 million in the first quarter of 1999. Growth in Juno's number of billable subscribers continued to come principally from internal conversions, as users of Juno's free basic service "graduated" to using its billable services, Juno Web(SM) and Juno Gold(SM). Subscribers to Juno Web, Juno's full Internet access service, accounted for 59.3% of billable service subscribers.
Juno's first significant external advertising campaign, including television and radio commercials as well as targeted direct mail, began rolling out in June, following the successful completion of Juno's initial public offering on May 25. Including proceeds from its IPO, Juno had cash and cash equivalents of $111 million as of June 30, 1999. Juno invested a total of $13.9 million in subscriber acquisition and related brand-building activities during the quarter -- the majority in June -- with most of the impact from the investment expected to be realized in subsequent quarters.
Led by contributions from strategic marketing alliances, advertising and transaction fee revenues increased to $2.7 million in the second quarter, up 19% from $2.3 million in the first quarter, and 76% above the $1.5 million recorded in the comparable quarter a year ago. Reflecting a downward trend in average retail prices for computer hardware and management's strategic decision to de-emphasize direct merchandising in favor of higher-margin e-commerce activities (which are recorded on the advertising and transaction fees revenue line), direct product sales revenues declined to $1.4 million from $1.6 million in the first quarter.
Cost of revenues improved as a percentage of total revenues to 70.2% in the second quarter, down from 73.9% in the first quarter, reflecting higher margins in both billable services and advertising and transaction fees. Billable services costs improved in relation to revenues as both customer service calls per subscriber and average telecommunications rates continued to decline. The cost of advertising and transaction fees in the second quarter declined as a percentage of related revenues as compared with the first quarter of 1999 largely due to economies of scale associated with larger average deal sizes and from rising average rates per impression delivered.
On a pro forma per-share basis, Juno reported an operating loss before subscriber acquisition costs of ($0.14), and an overall net loss of ($0.56), for the quarter. "The continued improvement in our operating margin before subscriber acquisition costs allowed us to deploy additional capital for our subscriber acquisition and brand-building activities," said Rick Eaton, Juno's chief financial officer. "We view these activities as investments in future growth."
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.
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.
Pro forma loss per share from operations before subscriber acquisition costs is not a measurement of financial performance under generally accepted accounting principles and should not be considered an alternative to pro forma net loss per share.
|
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| To: rdmsqito who wrote (217) | 7/28/1999 10:34:00 PM | | From: rdmsqito | | | |
JUNO ONLINE SERVICES, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(in thousands, except per share data)
(unaudited)
Three Months Six Months
Ended June 30, Ended June 30,
1999 1998 1999 1998
Revenues:
Billable services $7,069 $709 $12,875 $1,174
Advertising and
transaction fees 2,703 1,540 4,968 2,768
Direct product sales 1,350 2,035 2,999 4,612
Total revenues 11,122 4,284 20,842 8,554
Cost of revenues:
Billable services 5,481 580 10,159 967
Advertising and
transaction fees 1,162 875 2,242 1,700
Direct product sales 1,165 1,709 2,589 4,135
Total cost of
revenues 7,808 3,164 14,990 6,802
Operating expenses:
Operations, free
service 1,771 2,356 3,617 5,180
Sales and marketing 2,716 2,884 5,028 7,154
Product development 1,977 1,630 3,831 3,465
General and
administrative 982 676 1,686 1,590
Loss from operations
before subscriber
acquisition costs (4,132) (6,426) (8,310) (15,637)
Subscriber acquisition
costs 13,920 427 16,620 1,880
Loss from operations (18,052) (6,853) (24,930) (17,517)
Interest income, net 795 (14) 906 60
Net loss $(17,257) $(6,867) $(24,024) $(17,457)
Pro forma loss per
share from operations
before subscriber
acquisition costs $(0.14) $(0.32)
Pro forma net
loss per share $(0.56) $(0.93)
Weighted average shares
outstanding used in
pro forma per
share calculation 30,601 25,939
JUNO ONLINE SERVICES, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except share data)
June 30, 1999 December 31, 1998
(unaudited)
Assets
Current assets:
Cash and cash equivalents $111,383 $8,152
Accounts receivable, net of allowance for
doubtful accounts of $421 and $296 in
1999 and 1998, respectively 3,411 2,115
Merchandise inventories, net 24 60
Prepaid expenses and other current assets 11,370 108
Total current assets 126,188 10,435
Fixed assets, net 4,027 4,086
Other assets 111 182
Total assets $130,326 $14,703
Liabilities and partners' capital
(deficiency)/stockholders' equity
Current liabilities:
Accounts payable and accrued expenses $15,604 $11,166
Current portion of capital lease
obligations 735 450
Current portion of senior note -- 1,560
Deferred revenue 8,973 5,602
Total current liabilities 25,312 18,778
Capital lease obligations 825 609
Senior note -- 7,569
Deferred rent 296 335
Deferred revenue 1,000 --
Commitments and contingencies
Partners' capital (deficiency) (12,588)
Stockholders' equity (deficit):
Preferred stock -- $.01 par value; 5,000,000
authorized, none issued and outstanding
Common stock -- $.01 par value; 133,333,334
authorized, 34,629,709 issued
and outstanding 346
Additional paid-in capital 123,265
Unearned compensation (1,043)
Cumulative translation adjustment (1)
Accumulated deficit (19,674)
Total shareholders' equity 102,893
Total liabilities and partners' capital
(deficiency)/stockholders' equity $130,326 $14,703
JUNO ONLINE SERVICES, INC. AND SUBSIDIARY
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(in thousands)
(unaudited)
Six Months Ended
June 30,
1999 1998
Cash flows from operating activities:
Net loss $(24,024) $(17,457)
Adjustments to reconcile net
loss to net cash
used in operating activities:
Depreciation and amortization 1,159 1,164
Amortization of deferred rent (39) 184
Amortization of unearned compensation 210 --
Changes in operating assets and
liabilities:
Accounts receivable (1,296) (836)
Merchandise inventories 36 647
Prepaid expenses and other current assets (11,262) 315
Accounts payable and accrued expenses 4,437 (1,957)
Deferred revenue 4,371 3,549
Net cash used in operating activities (26,408) (14,391)
Cash flows from investing activities:
Purchases of fixed assets (229) (1,488)
Proceeds from sale of fixed assets -- 287
Other assets 71 2
Net cash used in investing activities (158) (1,199)
Cash flows from financing activities:
Payments on capital lease obligations (370) (239)
Proceeds from senior note -- 10,000
Payments on senior note (9,129) --
Net proceeds from issuance of redeemable
convertible preferred stock 61,859 --
Capital contributions -- 8,500
Proceeds from issuance of common stock
upon completion of IPO 77,285 --
Proceeds from issuance of common stock
upon exercise of stock options 152 --
Net cash provided by financing
activities 129,797 18,261
Net increase (decrease) in cash and
cash equivalents 103,231 2,671
Cash and cash equivalents,
beginning of period 8,152 13,770
Cash and cash equivalents, end of period $111,383 $16,441
Supplemental disclosure of
cash flow information:
Cash paid for interest $293 $68
Supplemental schedule of noncash
investing and financing activities:
Accretion of preferred stock $151 $--
Capital lease obligations incurred for
network equipment 871 869
JUNO ONLINE SERVICES, INC. AND SUBSIDIARY
SELECTED SUBSCRIBER DATA
Selected Subscriber Data:June 30, Mar. 31, Dec. 31, Sept. 30, June 30,
1999 1999 1998 1998 1998
Total subscriber
accounts as of (A) 7,175,000 6,817,0006,336,000 5,852,0005,298,000
Subscriber accounts
that connected in
the three-month
period ended 2,920,000 3,108,000 3,108,000 3,121,0003,032,000
Subscriber accounts
that connected in
the month ended 2,277,000 2,438,000 2,434,000 2,409,0002,361,000
Average subscriber
accounts that
connected per day
in the month ended 810,000 912,000 887,000 889,000 836,000
Billable subscription
service accounts as
of (B) 270,000 207,000 144,000 64,000 --
(A) Includes all user accounts created since Juno's inception,
regardless of activity level, if any, net of accounts that have
been cancelled.
(B) Billable subscription service accounts are a subset of total
subscriber accounts and, to the extent applicable, are also included
in the number of subscriber accounts shown as having connected during
the periods described.
SOURCE Juno Online Services, Inc.
/CONTACT: Becky Yeamans of Juno Online Services, Inc., 212-597-9005,
email, ir@support.juno.com; or Paul Henning or Barbara Manley of The Financial
Relations Board, Inc., 212-661-8030/ |
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| To: rdmsqito who wrote (219) | 8/3/1999 9:36:00 AM | | From: Glenn Petersen | | | |
JWEB launches community site:
biz.yahoo.com
Tuesday August 3, 8:28 am Eastern Time
Company Press Release
Juno Launches Web-Based Community Site
Free Personal Web Pages, Online Discussion Groups Offered in "JunoLand"
NEW YORK--(BUSINESS WIRE)--Aug. 3, 1999--Juno Online Services, Inc. (NASDAQ: JWEB - news) today announced the launch of ''JunoLand,'' its new integrated community site on the World Wide Web. Visitors to JunoLand(SM) can build and display their own Web pages using a suite of easy-to-use design tools that Juno provides for free. They can also take part in online discussions on any of thousands of topics through access to selected Internet discussion groups. JunoLand, which is open to all Web users and will be actively promoted to Juno's own millions of subscribers (including those who have not yet started using the Web), can be reached through links on Juno's home page at www.juno.com.
To provide content for JunoLand, Juno has formed strategic alliances with Homestead, a leader in self-service Web-based publishing for consumers, and with RemarQ, a leading provider of Internet discussion services.
Through its relationship with Homestead, Juno provides its community members with powerful drag-and-drop interface that enables consumers of all skill levels to create top-quality Web sites without having to learn any Web programming skills. In addition to supplying the tools a user needs to build his or her own Web site, JunoLand provides a virtual community for the sites users build. Any individual site can achieve broad exposure if selected as a notable site in a given category, as a ''JunoLand Site of the Week,'' or as one of the ''JunoLand Top 5%.''
Through its relationship with RemarQ, Juno offers access to discussion groups in which more than 20 million active participants post more than 600,000 messages per day on topics ranging from electronics and entertainment to parenting and politics. JunoLand provides a simple-to-use interface that enables users to take part in the discussions of their choice. JunoLand users benefit from RemarQ's technology, which includes filters to eliminate unsolicited commercial bulk e-mail, or ''spam,'' and off-topic messages.
''Juno users represent one of the largest communities on the Internet. As this community grows, we want to offer our members an ever-wider range of services,'' said Toby Bryce, Juno's senior vice president for billable services and the Juno executive responsible for overseeing JunoLand's launch. ''Providing people with a simple, satisfying way to build their own Web pages and to participate in online discussions is a key element in enriching our members' Internet experience.''
In addition to the features described above, JunoLand offers certain e-mail-based fax capabilities, provided through an alliance with Comfax. Juno plans to incorporate further features into JunoLand in the future.
About Homestead Technologies, Inc.
Homestead Technologies, Inc. is the leader in self-service Web publishing via consumer webware - software that lives on the Web. As a Web-based publishing platform, Homestead enables individuals and groups to quickly create feature-rich Web sites for a myriad of purposes without the need to buy expensive desktop software. Homestead is the first platform that gives computer users of all skill levels an easy, free, and flexible way to build Web sites or extend real-world micro-communities of family, friends and colleagues to the Web. Homestead provides advertisers and content partners the opportunity to go beyond the banner to reach their target audiences, and offers its co-branding partners a complete community-based Web publishing platform, without the need to install and maintain any software on their servers. Founded in 1997, Homestead is based in Menlo Park, Calif. and has more than 70 employees. The company is privately held and has received investments from IVP, Global Retail Partners, Draper Fisher Jurvetson and Intel Corp. Homestead is available at homestead.com and through co-branding partners.
About RemarQ Communities, Inc.
RemarQ Communities, Inc. is the world's leading provider of Internet discussion services for ISPs and Web sites such as Excite, Lycos, Lycos-Bertelsmann, InfoSeek, iSyndicate, and IDG.net. Founded in 1996, RemarQ distributes the Internet's best discussions on the most popular sites, connecting millions of consumers to vertical communities where they can research purchases, ask and offer advice, and build relationships.
RemarQ is the only company to syndicate the highest quality public discussions and support custom discussions, which are then seamlessly integrated to mirror the look and feel of the partner site. The RemarQ partner network currently spans more than one thousand sites and generates over five million impressions daily. The company has more than 30 industry honors, including a Medaille d'Or, Critical Mass Award, Pegasus Web Award, and Surfers Choice Award. Headquartered in San Jose, CA, RemarQ has operations centers in North America and Europe.
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.
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 Juno Online Services, Inc.
Anna Svaldi Becky Yeamans
212/704-8288 212/597-9005
pr@support.juno.com yeamans@staff.juno.com |
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| To: Glenn Petersen who wrote (220) | 8/9/1999 10:39:00 AM | | From: rdmsqito | | | |
Juno Allies with Mail.com to Provide Web-Based E-mail
Business Wire - August 09, 1999 09:00
NEW YORK--(BUSINESS WIRE)--Aug. 9, 1999--
Juno WebMail(SM), powered by Mail.com, to provide e-mail access from any Web-connected computer
Juno Online Services, Inc. (NASDAQ: JWEB) and Mail.com, Inc. (NASDAQ: MAIL) today announced an agreement that will allow Juno's millions of subscribers to send and receive e-mail through any computer connected to the Web, using their current "juno.com" e-mail address.
The Web-based e-mail service will be powered by Mail.com and will offer the same fully branded Juno "look and feel" as Juno's other Internet services. The new service, "Juno WebMail," will be available for free to all Juno subscribers on Juno's portal site, www.juno.com.
"We're delighted to be able to offer our members the ability to check their e-mail on the Web," said Leelila Strogov, vice president of business development at Juno. "Our goal has always been to provide our members with the tools and features they need, and we believe that Mail.com will help us provide an excellent service to those of our members who want to use e-mail on the Web. We're looking forward to working with Mail.com to integrate their services into our portal site."
Lon Otremba, chief operating officer of Mail.com, stated, "Our alliance with Juno and its user base of over seven million members reaffirms Mail.com's leadership position in the e-mail messaging market. Juno has an outstanding reputation for providing quality services. We are delighted to be a part of their ongoing efforts to bring the best the Internet has to offer to their customers."
About Mail.Com, Inc.
Mail.com, Inc. (http://corp.mail.com) is a leading global provider of e-mail and advanced messaging services to high-traffic Web sites, ISPs, corporations and direct to consumers. The company provides Internet messaging outsourcing for brand name organizations such as NBC, CNN, Time Warner, CBS SportsLine, Prodigy, GTE, Standard & Poor's, Snap.com and CNET.
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.
This news release may contain statements of a forward-looking nature relating to the future events or the future financial results of Mail.com. Investors are cautioned that such statements are only predictions and that actual events or results may differ materially. In evaluating such statements, investors should specifically consider the various factors which could cause actual events or results to differ materially from those indicated from such forward-looking statements, including the matters set forth in Mail.com's reports and documents filed from time to time with the Securities and Exchange Commission.
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: Juno Online Services, New York
Becky Yeamans, 212/597-9005
pr@support.juno.com
or
Edelman PR Worldwide, New York
Anna Svaldi, 212/704-8288
pr@support.juno.com
or
Mail.com Media Contact:
Middleberg & Associates, New York
Mike McCabe, 212/699-2549
mikem@middleberg.com
or
Mail.com Investor Contact:
Mail.com, Inc., New York
Kathleen Holmes-Robb, 212/425-4200 x376
kholmesrobb@staff.mail.com |
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| To: rdmsqito who wrote (221) | 8/9/1999 10:42:00 AM | | From: rdmsqito | | | |
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, www.juno.com.
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
pr@support.juno.com
or
Juno Online Services
Becky Yeamans, 212/597-9005
pr@support.juno.com
or
America Online
Wendy Goldberg, 703/265-2359
or
America Online
Tricia Primrose, 212/484-7450 |
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| To: Glenn Petersen who wrote (223) | 8/24/1999 10:49:00 AM | | From: rdmsqito | | | |
Juno and yesmail.com Form Marketing Alliance
Business Wire - August 24, 1999 08:21
NEW YORK and VERNON HILLS, Ill.--(BUSINESS WIRE)--Aug. 24, 1999--Juno Online Services, Inc. (NASDAQ: JWEB) and yesmail.com, a provider of permission e-mail marketing services, today announced that the companies have entered into a marketing alliance that will promote yesmail.com's services to Juno's millions of subscribers. Juno users will have the opportunity to sign up for offers and promotions in any of more than 250 categories through banner and pop-up advertisements shown on the Juno(R) service. Under the terms of the alliance, Juno will receive a share of revenues generated through its subscribers' use of the yesmail service.
"We're excited about this partnership and the opportunity it represents for mutual long-term growth," said Dave Tolmie, CEO of yesmail.com. "Juno is a real player on the Internet, with a great deal of experience and one of the largest membership bases in the industry."
"One of our goals is to provide our members with value-added services that match their personal needs and interests," said Charles Ardai, Juno's president and chief executive officer. "yesmail.com shares this goal, and working with them represents not only a source of revenue for us but also an additional source of highly targeted offers for our members."
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 7.2 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 yesmail.com
yesmail.com is a provider of comprehensive permission e-mail direct marketing solutions. Based in the Chicago area, yesmail.com is a privately held company that advocates "best practices" for permission e-mail marketing and has implemented privacy and security practices that meet or exceed those of leading industry organizations, including TrustE, BBBOnline, Direct Marketing Association (DMA), and the Association for Interactive Media (AIM). For more information, contact www.yesmail.com, 1-888-932-8600 or info@yesmail.com.
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
Kate Kennedy, 212/704-4520
pr@support.juno.com
or
Juno Online Services
Becky Yeamans, 212/597-9005
pr@support.juno.com
or
yesmail.com
Jim Carini, 847/918-6379
jimc@yesmail.com |
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| To: rdmsqito who wrote (224) | 8/24/1999 10:51:00 AM | | From: rdmsqito | | | |
Trans World Entertainment and Juno Sign Exclusive Music Retailer Agreement: Trans World To Market Music, Videos, And Electronic Games To Juno's Millions of Members
Business Wire - August 24, 1999 09:36
NEW YORK/ALBANY, N.Y.--(BUSINESS WIRE)--Aug. 24, 1999--Trans World Entertainment Corporation (Nasdaq: TWMC), a leading retailer of entertainment products, and Juno Online Services, Inc. (Nasdaq: JWEB), a leading provider of Internet-related services, today announced that they have signed an agreement for Trans World Entertainment to market entertainment products to Juno's millions of members through its e-commerce site, TWEC.COM. The alliance provides TWEC.COM with exclusive rights to sell CDs and tapes over the Juno service, and non-exclusive rights to sell videos, DVDs, electronic games, and related accessories.
TWEC.COM will advertise its entertainment products to users of Juno's Internet services through a coordinated campaign of interstitial, pop-up, and banner ads. Additional placements will include sponsor and partner blocks on the home page of Juno's portal site (www.juno.com), sponsor blocks in the site's entertainment section, and links to TWEC.COM content at various other locations. To fully capitalize on Juno's subscriber base--more than 7.2 million total Juno accounts have been created since 1996--TWEC.COM will implement a survey of the Juno member base to establish consumer preferences and target subscribers with specific offers and promotions that match their listening choices.
Robert J. Higgins, chairman and chief executive officer of Trans World Entertainment, said, "We're very excited about this relationship and recognize that Juno's position as a leading ISP will provide us with broad exposure to our target audience with specific interests in entertainment. This will offer us a significant new retail channel for our music, video, games, and DVD product lines."
"When choosing which entertainment retailer to partner with, one of our priorities was to maximize the value we could offer our subscribers," said Jordan Birnbaum, Juno's senior vice president of business development. "Trans World came out on top because of the sheer size of their inventory, and because their customer support system is one of the best in the business. We wanted Juno members who had a question about the services offered by the partner to know they could get answers as quickly as Juno answers its own members' questions."
In addition, Trans World Entertainment and Juno plan to develop "members only" programs to enhance the affiliate relationship, such as promotions at Trans World Entertainment retail stores, coupon distribution, concert information, and special discounts.
About Trans World Entertainment
Trans World Entertainment is the leading music retailer in the United States, operating 969 retail stores in 44 states, the District of Columbia and Puerto Rico as well as an e-commerce site, www.twec.com. Mall locations include Record Town, Camelot Music, The Wall, Saturday Matinee and F.Y.E. Freestanding locations include Coconuts Music and Movies, Strawberries Music, Spec's and Planet Music.
About The Web's Entertainment Center (TWEC.COM)
TWEC.COM is the online hub for Trans World Entertainment's retail stores. With worldwide distribution spanning 16 countries in addition to the United States, the site features all of the music CDs and cassettes, video games, DVD and VHS (PAL and NTSC) home videos that are available at its retail stores, and more. TWEC.COM is home to Trans World's "On Stage" series, featuring live concerts, online chats, in-store artist appearance schedules, in-studio performances and entertainment media that is on-demand.
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 7.2 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.
Certain statements in this report set forth management's intentions, plans, beliefs, expectations or predictions of the future based on current facts and analyses. Actual results may differ materially from those indicated in such statements. Additional information on factors that may affect the business and financial results of TWEC.COM can be found in filings of TWEC.COM with the Securities and Exchange Commission.
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: Trans World Entertainment Corporation
Jim Litwak, Executive Vice President of Merchandising
518/452-1248 ext. 7240
or
The MWW Group
Media Relations:
Charlotte Ostor, 201/507-9500
costor@mww.com
Investor Relations:
Robert Ferris
rferris@mww.com
or
Juno Online Services
Becky Yeamans, 212/597 9005
pr@support.juno.com
or
Edelman PR Worldwide
Kate Kennedy, 212/704 4520
pr@support.juno.com |
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| To: rdmsqito who wrote (225) | 8/30/1999 9:55:00 PM | | From: Proud_Infidel | | | |
Status of Hotmail privacy unclear
August 30, 1999
Web posted at: 7:02 p.m. EDT (2302 GMT)
By Robin Lloyd
CNN Interactive Senior Writer
(CNN) -- Microsoft's Web-based e-mail service, and possibly the entire concept of free Internet mail, suffered a damaging blow to its integrity Monday when a security breach came to light that made it so anyone's Hotmail messages could be read.
"I have a Hotmail account," said Adam Bruce, an Atlanta computer specialist who monitors user groups frequented by hackers. "This scares the heck out of me. Now anybody and their brother can read my mail."
Web-based e-mail has been a hot item for even Internet novices since it became popular in the past few years. It is free and can be used on any computer with a phone or cable line to the Internet. Hotmail's primary competitor has been Yahoo! Mail.
The breach that surfaced Monday initially worked via several Web addresses, which simply prompted for a Hotmail username -- no password was needed. Once a username was entered, the Hotmail account appeared and the mailbox was available.
Microsoft shut those Web sites down, but hackers posted other Web addresses later in the day that gave entry to accounts. A game of cat-and-mouse ensued, with Microsoft claiming to have won by shutting down all back doors and manually checking all its servers for unauthorized access.
David Wagner, a computer security researcher at UC Berkeley, called the incident "really embarrassing" for Hotmail and Microsoft.
"I've always said don't use Hotmail for anything that is at all personal because we have no idea if they have any commitment to security," he said. "Now I'd say we know they have no commitment to security."
Wagner's advice is simple: "Don't use Hotmail for any e-mail you would be embarrassed to see as a headline."
By the day's end, Microsoft vowed that the incident would not recur.
"With this update we made changes that would prevent this from happening again," said Deanna Sanford, lead product manager for Hotmail.
"There are always going to be hackers out there and you can't make guarantees but we do our best that people feel safe and secure using our products."
Hotmail boasts 40 million customers. Yahoo! refused to give out its client numbers, but claimed it was not subject to the same breach that hit Hotmail.
Microsoft took at least several hours to respond
The exact cause of the Hotmail breach remained unclear Monday, but it endured at least for several hours after Microsoft learned about it.
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The company learned of the breach in the early hours Monday, Pacific Daylight Time, Sanford said, via a report that originated in the Monday edition the Swedish newspaper Expressen.
The breaches via initial Web sites allowed CNN Interactive to open all accounts it tested through 11 a.m. EDT. But e-mail messages couldn't always be opened. Hotmail was down for nearly two hours Monday morning to respond to the initial situation.
By mid-day, most of the URLs or Web addresses that gave entry to Hotmail redirected users to a Microsoft security screen, returned an error message or returned "Forbidden" messages.
The sites had been situated all over the world but all used the same Hotmail gateway program.
Later another URL gave access to accounts for about an hour in the afternoon. Hotmail remained active but Microsoft shut down that hole within minutes of receiving the address.
In all cases, the breach allowed users to read and forward a member's old messages, read new messages and send e-mail in some cases under the name of the user -- assuming the member's identity.
Hotmail reportedly has had trouble with security breaches in the past -- including one that allowed hackers to swipe passwords.
All Hotmail users will receive e-mail from the service notifying them of the situation, Microsoft's Sanford said, and telling them that the trouble is over.
Bug or hack
Internet security experts put the blame at the feet of Microsoft, although the breach involved the work of hackers.
The trouble with Web-based e-mail like Hotmail is users must trust a large company to store their private messages, Wagner said.
"It's a tempting site for hackers to hack. If they have one bug, if affects lots of people," Wagner said.
Richard Smith, a computer security specialist, said the fault for the security lapse may lay with Microsoft.
"It looks like a bug at the Hotmail servers," said Smith, president of Phar Lap Software Inc. in Cambridge, Massachusetts. "They are logging in through some sort of back door."
Bruce said the error came in Hotmail's failure to check for authentication if a direct Web address with a Hotmail username were sent into its servers.
At mid-day, a Microsoft statement indicated that hackers had gained access to its Hotmail servers to create the breach. But that was not the case, Bruce said.
"People have noticed a security breach and know the correct URL to tell the server," Bruce said. "The fault seems to lie in the Microsoft programmers that wrote the code for Hotmail," he said.
Wagner said one of the Web sites gave access to test servers for Hotmail that lacked firewalls. Sanford said that was one possible route to the accounts but servers were updated to prevent future unauthorized access.
As ever, Internet privacy issue is muddy
Ari Schwartz, a policy analyst with the Center for Democracy and Technology, said the security hole in Hotmail was troublesome because Web-based e-mail is a good privacy solution for people sending personal e-mail at work. But no e-mail is totally secure, he said.
"There is a question of how secure you can make any e-mail system," Schwartz said, "especially if people are trying to hack it all the time."
At this point, there is no legal precedent to protect e-mail users from privacy violations, said David Sobel of the Electronic Privacy Information Center.
"It's not clear that a Hotmail user whose privacy has been compromised really has any recourse against Microsoft for what might be found to be negligent engineering of this feature," Sobel said.
cnn.com |
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