August 27, 2001

Excite@Home lender demands payment

Author: JT Smith

Reported at CNET News.com: "The bill collectors are knocking on the door at Excite@Home. The struggling high-speed Internet company said Monday that holders of notes worth $50 million
are demanding payments from the company by the end of the month. The holder, Promethean
Investment Group, is arguing that Excite@Home breached its commitments related to the notes.

Excite@Home said it doesn't believe it has breached the agreement. But if it is forced to pay up,
"it would have a materially adverse impact on the company's liquidity and its ability to fund its
operations.""

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