Juno Reports Record Fourth Quarter and Annual Results - Juno Online Services, Inc

Edge: Work-Group Computing Report, Jan 17, 2000

"We view subscriber acquisition costs primarily as investments in our future growth, and find it useful to look at bottom-line results before these costs as a measure of our ongoing operating performance," said Rick Eaton, Juno's chief financial officer. "The consistent improvement in our operating results gives us financial flexibility that should be very helpful as we expand our free basic service and accelerate our subscriber acquisition and brand-building activities over the coming year."

Juno Online Services, Inc. is a leading 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 access -- which is provided to the end user for free -- to high-speed broadband access, which is currently being tested in selected markets. The company's strategy of offering several different service levels and its easy-to-use, intuitive software are designed to attract a broad spectrum of users, including the millions of people who are only now beginning to explore the Internet. Since the launch of Juno's basic service in April 1996, more than 8.1 million total Juno accounts have been created.

For more information about Juno, visit www.juno.com/corp. To get a free copy of the Juno software, go to www.juno.com, or call toll-free 1-800-TRY-JUNO.

Profit (loss) before subscriber acquisition expenses is not a measurement of financial performance under generally accepted accounting principles and should not be considered an alternative to net loss.