NEWS RELEASE
Release Dates: Immediate
Brad Ferguson,
Vice President-Finance and Controller
MindSpring Enterprises, Inc.


MindSpring Announces Fourth Quarter and Year End Results

ATLANTA (Jan. 27, 1999) -- MindSpring Enterprises, Inc. (Nasdaq:MSPG), a leading national Internet Service Provider, today announced its fifth consecutive quarter and first complete fiscal year of profitable results. MindSpring recorded net income for the fourth quarter of 1998 of $1,921,000, or $0.07 per diluted share, excluding a one-time tax benefit of $1,756,000, or $0.06 per diluted share. This compares with net income of $3,985,000, or $0.15 per diluted share, in the third quarter of 1998, and net income of $498,000, or $0.02 per diluted share, for the fourth quarter of 1997. The one-time tax benefit relates to the removal of the Company's deferred tax asset valuation allowance, as management feels it is more likely than not that such benefit will be realized in the future. In 1999, the Company expects to report results on a fully taxed basis.

For the year ended December 31, 1998, the Company's net income of $8,788,000, or $0.35 per diluted share, excluding the one-time tax benefit of $1,756,000, compared with a net loss of ($4,083,000), or ($0.18) per diluted share, for the year ended December 31, 1997. Net income for 1998, including the one-time tax benefit, was $10,544,000, or $0.41 per diluted share.

Adding back amortization related to acquisitions, net income, excluding the one-time tax benefit, would have been $5,422,000, or $0.20 per diluted share, for the quarter ended December 31, 1998, $5,191,000, or $0.19 per diluted share, for the previous quarter of 1998 and $1,601,000, or $0.07 per diluted share, for the quarter ended December 31, 1997. For the year ended 1998, net income, excluding the one-time tax benefit, plus amortization was $15,836,000, or $0.62 per diluted share, compared with $132,000, or $0.01 per share, for the year ended 1997.

Total revenues for the fourth quarter were $39,534,000, compared with $28,695,000 for the prior quarter and $17,209,000 for the fourth quarter of 1997. EBITDA for the fourth quarter of 1998 was $7,280,000, or $0.26 per diluted share, compared with $6,718,000, or $0.25 per diluted share, for the prior quarter and $3,180,000, or $0.13 per diluted share, in the same quarter of 1997.

Total revenues for 1998 were $114,673,000, compared with $52,556,000 for 1997. EBITDA for 1998 was $23,013,000, or $0.90 per diluted share, compared with $4,950,000, or $0.22 per diluted share, for 1997.

``We are proud of our ability to effectively manage MindSpring's rapid growth while delivering consistent financial results and value to our shareholders,'' said MindSpring Chairman and Chief Executive Officer Charles Brewer.

Other significant events in the fourth quarter included closing the purchase of the SpryNet subscribers and other assets from America Online, Inc. (NYSE: AOL) and completion of a secondary equity offering of 2,300,000 shares of common stock in December 1998.

In January 1999, MindSpring entered into an agreement with ICG Communications, Inc. (Nasdaq: ICGX) to purchase assets of Netcom, including the customer base of approximately 400,000 individual Internet access accounts, 3,000 dedicated Internet access accounts, and 18,000 web hosting accounts in the U.S. The Netcom transaction with ICG is expected to close in February 1999.

``The addition of the Netcom member base will bring us over the one million customer mark and helps ensure that we will continue to be a major player in this industry,'' said Brewer.

Excluding the effect of the Netcom acquisition, MindSpring had approximately 693,000 customers at the end of the fourth quarter, up from 455,000 at the end of the prior quarter and 278,000 at the end of 1997. Included in the total are approximately 21,000 Web Hosting customers, up from 18,000 in the prior quarter and 12,000 at the end of 1997.

About MindSpring

MindSpring Enterprises, Inc. (NASDAQ:MSPG) is a leading Internet service provider focused on doing an exceptional job of serving its customers, its employees, its owners and its community by following its Core Values And Beliefs <http://www.mindspring.net/aboutms/cvb/>. MindSpring's dial-up subscribers can browse the World Wide Web, send electronic mail, participate in informative online chats and access more than 20,000 newsgroups. MindSpring offers local Internet service throughout the United States, and is also a leading provider of Web hosting and domain registration services. For more information about MindSpring and its services, visit the Web site (http://www.mindspring.net/) or call 1-888-MSPRING to set up an account.

MindSpring Has Received the Following Awards and Recommendations:

-- 1998 MVP Award for Best National ISP, ``It's a no-brainer for

Internet access and small-biz Web hosting.``

-- PC Computing, January 1999.

-- 1998 HOC 100 Editor's Gold Award for Internet Service Provider,

``Neither consumer-cute nor no-frills/no-fun, MindSpring is both the

easiest and most efficient ISP for home-based workers.``

-- Home Office Computing, December 1998.

-- World Class Award for Best ISP, ``It's hard to improve on what

readers tell us is the best support in the business,``

-- PC World, July 1998.

-- Best ISP Start Page, ``Organized, comprehensive, and friendly -- in

other words, a great place to start,``

-- FamilyPC, July 1998.

-- Buy It recommendation of MindSpring as the national ISP providing

the best value, ``'its software selection beats the pants off the

competition, and MindSpring's technical support gets our nod as the

best overall,``

-- ``Best Buy'' for Web Hosting, Home Office Computing, April 1998.

EBITDA represents earnings before interest expense, income taxes, depreciation and amortization. EBITDA is not a measurement of financial performance under generally accepted accounting principles and should not be considered an alternative to net income as a measure of performance.

When used in this press release, the words ``continue,'' ``expect,'' and similar conditional or future-oriented expressions are intended to identify forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from the possible results referred to in such forward-looking statements. Such risks and uncertainties may include, but are not limited to: financial, legal and regulatory, and other conditions and developments in the Internet and technology markets and in the general economy; the timely and successful development, and market acceptance of new products and services; the operation and accessibility of the Company's network, including third party network service providers, and of the Internet in general; the Company's successful management of growth, including acquisition of new subscribers, minimizing ``churn'' of existing subscribers, control of expenses, and growth of revenue and earnings; the Company's ability to successfully integrate businesses that it acquires; competitive conditions in the Company's industry; and other risks and uncertainties described from time to time in the Company's press releases and Securities and Exchange Commission reports and filings.

                     MINDSPRING ENTERPRISES, INC.
                Selected Financial Statement Information
            (Dollars in thousands, except per share amounts)

                                  Three Months Ended      Year Ended
                                    December 31,          December 31,
Statements of Operations Data:    1998       1997       1998       1997
Revenues:                           (Unaudited)
   Access                   $    34,336 $   13,658 $   95,852 $   40,925
   Subscriber start-up fees         807      1,089      4,086      3,920
   Business services              4,391      2,462     14,735      7,711
                                -------    -------    -------    -------
      Total revenues             39,534     17,209    114,673     52,556
                                -------    -------    -------    -------
Costs and expenses:
   Cost of revenues         $    12,169 $    5,081 $   34,336 $   16,822
   Gross margin                  27,365     12,128     80,337     35,734

   General and
    administrative               12,938      6,398     38,443     22,265
   Selling                        7,147      2,550     18,881      8,519
                                -------    -------    -------    -------
   EBITDA(a)                      7,280      3,180     23,013      4,950
   Depreciation                   2,482      1,431      8,179      4,480
   Acquired customer base
    amortization                  3,501      1,103      7,048      4,215
                                -------    -------    -------    -------
Operating income (loss)           1,297        646      7,786     (3,745)
Interest income (expense),
 net                                624       (148)     1,214       (338)
                                -------    -------    -------    -------
Income (loss) before taxes        1,921        498      9,000     (4,083)
Provision for income taxes        1,756         --      1,544         --
                                -------    -------    -------    -------
Net income (loss)           $     3,677 $      498 $   10,544 $   (4,083)
                                =======    =======    =======    =======
Net income (loss) per
 share:
   Basic                    $      0.14 $     0.02 $     0.43 $    (0.18)
                                =======    =======    =======    =======
   Diluted                  $      0.13 $     0.02 $     0.41 $    (0.18)
                                =======    =======    =======    =======
Weighted average common
 shares outstanding:
   Basic                     26,287,340 22,594,863 24,611,106 22,542,465
                             ========== ========== ========== ==========
   Diluted                   27,785,861 24,016,602 25,430,509 22,542,465
                             ========== ========== ========== ==========

     All share and per share amounts have been adjusted to reflect the
three-for-one stock split effected in July 1998.

                                                                                December 31,    December 31,
Balance Sheet Data:                            1998          1997
   Cash                                  $     167,743  $       9,386
   Current assets other than cash                7,457          3,045
   Property and equipment, net                  35,840         23,638
   Intangible and other assets                  36,558          8,217
   Total assets                                247,598         44,286
   Current liabilities                          38,092         17,782
   Long-term liabilities                         2,424          5,090
   Stockholders' equity                        207,082         21,414
Other Operating Data:
   Approximate number of
    subscribers at end of period               693,000        278,000
   Number of employees at end of period            977            502

(a) EBITDA represents earnings before interest, income taxes,
depreciation and amortization. EBITDA is not a measurement of
financial performance under generally accepted accounting principles
and should not be considered an alternative to net income as a measure
of performance.


                     MINDSPRING ENTERPRISES, INC.
               Additional Unaudited Financial Highlights
           (Dollars in thousands, except per share amounts)


                                                                                 Three Months Ended
                                            December 31,  September 30,
Statements of Operations Data:                 1998           1998
Revenues:
  Access                                   $      34,336 $     23,898
  Subscriber start-up fees                           807        1,019
  Business services                                4,391        3,778
                                                  ------       ------
     Total revenues                               39,534       28,695
                                                  ------       ------

Costs and expenses:
  Cost of revenues                         $      12,169 $      7,976
                                                  ------       ------
  Gross margin                                    27,365       20,719

  General and administrative                      12,938        9,195
  Selling                                          7,147        4,806
                                                  ------       ------
  EBITDA(a)                                        7,280        6,718
  Depreciation                                     2,482        2,072
  Acquired customer base amortization              3,501        1,206
                                                  ------       ------
Operating income                                   1,297        3,440
Interest income, net                                 624          665
                                                  ------       ------
Income before taxes                                1,921        4,105
Provision for income taxes                         1,756         (120)
                                                  ------       ------
Net income                                 $       3,677 $      3,985
                                                  ======       ======
Net income per share:
   Basic                                   $        0.14 $       0.15
                                                  ======       ======
   Diluted                                 $        0.13 $       0.15
                                                  ======       ======
Weighted average common shares outstanding:
   Basic                                      26,287,340   25,792,369
                                              ==========   ==========
   Diluted                                    27,785,861   27,343,647
                                              ==========   ==========


     All share and per share amounts have been adjusted to reflect the
three-for-one stock split effected in July 1998.


Other Operating Data:
Approximate number of subscribers at
 end of period                                   693,000      455,000
Number of employees at end of period                 977          732


(a) EBITDA represents earnings before interest, income taxes,
    depreciation and amortization. EBITDA is not a measurement of
    financial performance under generally accepted accounting
    principles and should not be considered an alternative to net
    income as a measure of performance.



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1999 MindSpring Enterprises, Inc.