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SKYCACHE SECURES $20 MILLION IN SECOND ROUND FINANCING CAPITAL FROM CARLYLE, INTEL CORPORATION, IVP, AND NEA TO BE USED TO AID WORLDWIDE Expansion, Technology Advancement for Leading Internet Broadcast Infrastructure Company

Laurel, MD, June 29, 1999: SkyCache, Inc., a leading satellite broadcast overlay network for the Internet, announced today that it has closed a $20 million second round of financing from four venture investors: Carlyle Venture Partners, L.P. of Washington, D.C.; Intel Corporation of Santa Clara, Ca.; Institutional Venture Partners (IVP) of Menlo Park, Ca.; and New Enterprise Associates (NEA) of Reston, Va.

The new capital infusion will help enable SkyCache to dramatically increase its broadcast capacity up to 45 megabytes.

"With the introduction of cable modems and DSL, customer expectations for faster Web performance and high-quality streaming media are placing a tremendous amount of pressure on ISPs," said Suzanne Hooper King, partner at lead investor NEA.

"SkyCache provides instant relief from this pressure at a reduced cost to ISPs and Internet content providers. It's really about keeping traffic off the Net to help speed up performance."

SkyCache is a leading high-speed datacasting service using satellite broadcast technology to move Internet traffic faster and more efficiently to Internet service providers (ISPs) and corporations. The Laurel, Md.-based company is operating and expanding a global broadcast network to improve the movement of Web content, Usenet News and IP audio/video over the Internet, as well as to provide for FTP mirroring and Web site replication. SkyCache currently serves over 100 North American and European customers representing millions of Internet users.

"We are pleased to have these experienced venture investors join us. Aided by this new funding, we believe our business model will allow the power of satellite communications to take its place as a major component in the worldwide Internet infrastructure," said Doug Humphrey, founder and CEO of SkyCache.

"SkyCache will be among the first pieces of Internet infrastructure to reach users worldwide, helping bring the dream of a truly global Internet to reality. It is an exciting opportunity, and we are honored by the investments of NEA, IVP, and Intel, and by the ongoing support of The Carlyle Group."

There is a strong demand for faster delivery of Internet content and the realization that the existing Internet infrastructure will need improvements to handle streaming media, particularly video content. There is an urgency with which providers of all types of Internet services are searching for a solution.

"Combining Internet services with other media such as broadcast television will help enable a new class of enhanced content to consumers," said Claude Leglise, vice president and general manager, Intel's Home Products Group. "High-speed satellite datacasting services like those provided by SkyCache can help enable Intel-based Internet appliance solutions to deliver this class of enhanced content to a wide base of consumers."

"More fiber isn't a cure-all for Internet bottlenecks, especially those associated with streaming media and Web content replication," said Tom Dyal, partner at IVP. "SkyCache has the vision for a broadcast overlay network to improve Internet performance around the world."

Funding from the four investors will also be used to help the company move into growing markets in Asia and Latin America.

NEA is one of the industry's premier venture capital firms. For 21 years, NEA has practiced classic venture capital by investing in early-stage companies and working with management to nurture and build companies of real and lasting value. With $1.6 billion under management, more than 110 NEA companies have gone public, including over 75 since 1991. As part of the investment, Peter Barris and Suzanne Hooper King from NEA will join the company's board of directors.

IVP has invested in ventures since 1974 and now manages more than $1 billion, having funded more than 250 companies. With its track record of over 65 IPOs and over 30 successful "IPO-like" acquisitions, IVP has consistently funded companies that have become dominant players throughout many technology industries.

The Carlyle Group is a global private equity firm with $3.5 billion of capital under management and a proven track record for investing in rapidly growing industries and companies. Carlyle Venture Partners, a venture fund created by The Carlyle Group to invest in high-growth opportunities, provides innovative management teams with capital, strategic advice and industry relationships to accelerate company growth.

About SkyCache With customers in more than 100 locations throughout North America and Europe, SkyCache has developed a faster and more cost-effective way to move Internet content, such as Web pages and streaming media. SkyCache's services use the power of satellite broadcast to deliver high-bandwidth data directly to the dial-up, cable modem, or DSL "last mile" facility by placing content at the edge of the network.

"SkyCache" and its logo are trademarked throughout the world and "SkyCache Compatible" is a trademark of SkyCache, Inc. Other trademarks, service marks, and trade names belong to their respective owners.