FOR IMMEDIATE RELEASE

CONTACT:
Doug Mohney
Director of Marketing
Voice: 301-398-0500 x2208
Fax: 301-598-0837
e-mail: moo@skycache.com

SkyCache Closes $6 Million in External Financing from Carlyle Venture Partners
Investment Fuels SkyCache's Market Development Efforts, Overseas Expansion

Laurel, MD, June 10, 1998 - SkyCache, Inc., the pioneering Internet satellite data delivery company, today announced that Carlyle Venture Partners, L.P., a $210 million venture capital fund affiliated with the Washington, D.C.-based Carlyle Group, has invested $6.0 million in the company. This round of financing will enable SkyCache to aggressively pursue sales and marketing programs in the United States and overseas, as well as to develop new products. As part of the investment, J. Mitchell Reese and Brian W. Hayhurst from the Carlyle Group will join the companyís Board of Directors, adding background and experience to help SkyCache fulfill the opportunities that the company's new technologies represent.

   "We welcome Carlyle Venture Partners decision to invest in SkyCache," stated Doug Humphrey, founder and CEO of SkyCache. "SkyCache's technology fundamentally changes the way the Internet works and is the final piece of Internet infrastructure, adding a true broadcast capability. As a unique overlay network in combination with the concept of reactive caching, SkyCache improves existing cache infrastructure performance, and drives better utilization of existing bandwidth."

   The Carlyle Group, a global private equity firm, has a proven track record for investing in rapidly growing industries and companies. Carlyle Venture Partners, a recently established fund created by The Carlyle Group to invest in high-growth opportunities, provides innovative management teams with the capital, strategic advice and industry relationships needed to accelerate company growth.

   As the first venture capital involvement in SkyCache, Carlyle's funding and participation on the Board of Directors will enable and advance SkyCache's leadership in the emerging Internet datacasting market.

ADVANTAGES OF SKYCACHE
   By receiving constant updates of the most popular Internet Web and news traffic via satellite and bypassing congested Network Access Points, ISPs and Enterprise WAN/LAN operators experience a dramatic reduction in bandwidth usage, greater Internet response times, and a substantial reduction in communication costs. End users also reap faster response times since the most commonly requested Web site pages are stored at local servers. SkyCache, by virtue of being a true broadcast mechanism to deliver data, also solves updating and communications problems across distributed caching systems implemented by Tier 1 ISPs on large backbone networks. Since all caches are constantly and directly refreshed with the most frequently accessed web pages via satellite, terrestrial leased line bandwidth is not used for cache communication and data updating, nor is it necessary to implement a multi-tiered hierarchical infrastructure.

SKYCACHE, INC.
   SkyCache is devoted to the implementation of high-speed one way digital distribution systems, application in the movement of digital audio and video data streams, World Wide Web content, and the synchronization of distributed data systems. The corporation is headquartered in Laurel, Maryland and founded by Internet pioneer Doug Humphrey. Humphrey is the founder of DIGEX, Inc., a 1991 basement startup ISP that was sold for $150 million to Intermedia Communications, Inc. (NASDAQ: ICIX) in 1997.

   Additional information on SkyCache services is available at www.skycache.com. "SkyCache" and its logo are trademarked throughout the world; worldwide patents pending on certain technologies used by SkyCache, Inc.