High Speed Access Corp. Restructures Organization To Focus on Two-Way Cable Markets

Apr 19, 2001, 01:00 ET from High Speed Access Corp.

    LITTLETON, Colo., April 19 /PRNewswire/ -- High Speed Access Corp.
 (Nasdaq: HSAC) announced today that, as part of its continuing efforts to
 shift from a turnkey business model to a network service agreement (NSA)
 model, the company intends to discontinue its service in the majority of its
 one-way cable TV markets.  The change, which will affect fewer than four
 percent of HSA's customers, may be accomplished by migrating these cable
 systems to NSA or by terminating service in these markets.  The company
 expects that these changes will not materially affect its 2001 subscriber
 guidance.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000526/HSALOGO )
     HSA has been restructuring its workforce in response to the NSA migration
 and in order to improve operating efficiencies.  This includes a personnel
 reduction of less than 10 percent in April.
     "Providing high-speed data services in one-way cable markets faces the
 dual challenge of higher operating costs and less robust capabilities, due to
 the telephone return path," stated Dan O'Brien, President & CEO of HAS.  "We
 are increasing our emphasis on our NSA model in two-way cable systems which
 has greater potential for both profit and growth."
 
     About High Speed Access Corp.
     High Speed Access Corp. (Nasdaq: HSAC), a Wired World Company(TM), is a
 leading provider of broadband Internet access and related communications
 services to residential customers and small and medium enterprises, or SMEs,
 nationwide primarily using cable modem technology.  HSA's core service
 offering currently consists of cable modem Internet access, which HSA offers
 at several speeds and prices to residential end users through partnerships
 with cable multiple system operators.
 
     Cautionary Note Regarding Forward-Looking Statements about HSA:
     This press release contains statements about future events and
 expectations that are "forward-looking statements."  Any statement in this
 press release that is not a statement of historical fact is a forward-looking
 statement that involves known and unknown risks, uncertainties and other
 factors which may cause the company's actual results, performance or
 achievements to be materially different from any future results, performance
 or achievements expressed or implied by such forward-looking statements.
 Specific factors that might cause such a difference include, but are not
 limited to: the company's uncertain ability to control expenses and increase
 revenues to achieve its business plan, particularly in light of the current
 economic environment and the company's limited capital; the company's unproven
 and evolving business model, which has recently undergone substantial changes,
 and which may continue to change; the company's history of losses and
 anticipation of future losses; the company's limited capital resources, which
 may be depleted faster than the company anticipates if it is not able to
 increase revenues and control expenses consistent with its business plan, and
 which may constrain the company's ability to operate at its current levels or
 to offer current products or services; the company's need for additional
 capital, which may not be available in the future to fund its business plan;
 the potential fluctuations in the company's operating results; the company's
 competition; the company's potential inability to attract and retain end
 users; disruptions to operations and accounting charges that could occur if
 the company decided to pursue an acquisition; the company's potential
 inability to establish or maintain relationships with DSL wholesalers and
 cable operators, including Charter Communications; rapid technological change
 and evolving industry standards in the markets for the company's services; and
 those risks and uncertainties discussed in filings made by the company with
 the Securities and Exchange Commission. The forward-looking statements in this
 press release are as of the date hereof and the company assumes no obligation
 to update these forward-looking statements.
 
 

SOURCE High Speed Access Corp.
    LITTLETON, Colo., April 19 /PRNewswire/ -- High Speed Access Corp.
 (Nasdaq: HSAC) announced today that, as part of its continuing efforts to
 shift from a turnkey business model to a network service agreement (NSA)
 model, the company intends to discontinue its service in the majority of its
 one-way cable TV markets.  The change, which will affect fewer than four
 percent of HSA's customers, may be accomplished by migrating these cable
 systems to NSA or by terminating service in these markets.  The company
 expects that these changes will not materially affect its 2001 subscriber
 guidance.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/20000526/HSALOGO )
     HSA has been restructuring its workforce in response to the NSA migration
 and in order to improve operating efficiencies.  This includes a personnel
 reduction of less than 10 percent in April.
     "Providing high-speed data services in one-way cable markets faces the
 dual challenge of higher operating costs and less robust capabilities, due to
 the telephone return path," stated Dan O'Brien, President & CEO of HAS.  "We
 are increasing our emphasis on our NSA model in two-way cable systems which
 has greater potential for both profit and growth."
 
     About High Speed Access Corp.
     High Speed Access Corp. (Nasdaq: HSAC), a Wired World Company(TM), is a
 leading provider of broadband Internet access and related communications
 services to residential customers and small and medium enterprises, or SMEs,
 nationwide primarily using cable modem technology.  HSA's core service
 offering currently consists of cable modem Internet access, which HSA offers
 at several speeds and prices to residential end users through partnerships
 with cable multiple system operators.
 
     Cautionary Note Regarding Forward-Looking Statements about HSA:
     This press release contains statements about future events and
 expectations that are "forward-looking statements."  Any statement in this
 press release that is not a statement of historical fact is a forward-looking
 statement that involves known and unknown risks, uncertainties and other
 factors which may cause the company's actual results, performance or
 achievements to be materially different from any future results, performance
 or achievements expressed or implied by such forward-looking statements.
 Specific factors that might cause such a difference include, but are not
 limited to: the company's uncertain ability to control expenses and increase
 revenues to achieve its business plan, particularly in light of the current
 economic environment and the company's limited capital; the company's unproven
 and evolving business model, which has recently undergone substantial changes,
 and which may continue to change; the company's history of losses and
 anticipation of future losses; the company's limited capital resources, which
 may be depleted faster than the company anticipates if it is not able to
 increase revenues and control expenses consistent with its business plan, and
 which may constrain the company's ability to operate at its current levels or
 to offer current products or services; the company's need for additional
 capital, which may not be available in the future to fund its business plan;
 the potential fluctuations in the company's operating results; the company's
 competition; the company's potential inability to attract and retain end
 users; disruptions to operations and accounting charges that could occur if
 the company decided to pursue an acquisition; the company's potential
 inability to establish or maintain relationships with DSL wholesalers and
 cable operators, including Charter Communications; rapid technological change
 and evolving industry standards in the markets for the company's services; and
 those risks and uncertainties discussed in filings made by the company with
 the Securities and Exchange Commission. The forward-looking statements in this
 press release are as of the date hereof and the company assumes no obligation
 to update these forward-looking statements.
 
 SOURCE  High Speed Access Corp.