MOCC Moscow Cablecom (MM)

NEW YORK, July 18 /PRNewswire-FirstCall/ -- Moscow CableCom Corp. (NASDAQ:MOCC) has issued corrections to its Internet subscriber numbers, and to certain one-month change and percentage change data within the information reported in the Company's June Subscriber Growth press release issued yesterday. The table within the release should read as follows: YTD Change June 30, May 31, Change Percent December (6 Percent 2006 2006 (1 month) Change 31, 2005 months) Change Homes passed 531,274 481,159 50,115 10.4% 325,954 205,320 63.0% Terrestrial Broadcasting subscribers 112,840 106,806 6,034 5.6% 85,994 26,846 31.2% % Saturation 21.2% 22.2% 26.4% Pay TV subscribers 30,450 27,476 2,974 10.8% 15,618 14,832 95.0% % Saturation 5.7% 5.7% 4.8% Internet subscribers 56,264 54,468 1,796 3.3% 34,600 21,664 62.6% % Saturation 10.6% 11.3% 10.6% Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This press release may contain "forward-looking statements", as the phrase is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements may contain words such as "expects," "anticipates," "plans," believes," "projects" and words of similar meaning. These statements relate to our future business and financial performance, including AKADO's development, including its ability to attract new subscribers, to continue to expand its network, to achieve positive cash flow and its ability to raise funds for AKADO's development. These statements are based on management's best assessment of Moscow CableCom's and AKADO's strategic and financial position and of future market conditions and trends and involve substantial risks and uncertainties. The actual outcome may differ materially from these statements. Certain factors that could cause actual results to differ materially from those discussed in any forward-looking statements, including lack of operating history of AKADO, liquidity difficulties, developments in the marketplace for cable services in Moscow, Russia, technological changes, operating in the Russian Federation, including general economic, political, social and tax conditions and legislative and regulatory matters affecting the cable industry, and changes in generally accepted accounting principles are described in the our Annual Report on Form 10-K for the year ended December 31, 2005 and other public filings made by us with the Securities and Exchange Commission, which descriptions are incorporated herein by reference. There may be other risks that we have not described that may adversely affect our business and financial condition. We disclaim any obligation to update developments of these risks or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments. DATASOURCE: Moscow CableCom Corp. CONTACT: Tate Fite, Chief Financial Officer, +7-495-737-5177, ; or Barbara Cano, Breakstone Group International, +1-646-452-2334,

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