MOCC Moscow Cablecom (MM)

NEW YORK, Aug. 8 /PRNewswire-FirstCall/ -- Moscow CableCom Corp. (NASDAQ:MOCC) today announced the growth of its homes passed network and growth in the number of active subscribers for its broadband services in Moscow as of July 31, 2006: July 31, June 30, Change Percent 2006 2006 (1 month) Change Homes passed 581,346 531,274 50,072 9.4% Terrestrial 119,475 112,840 6,635 5.9% Broadcasting subscribers % Saturation 20.6% 21.2% Pay TV subscribers 33,882 30,450 3,432 11.3% % Saturation 5.8% 5.7% Internet subscribers 56,751 56,264 487 0.9% % Saturation 10.6% 10.6% YTD December Change Percent 31, 2005 (7 months) Change Homes passed 325,954 255,392 78.4% Terrestrial Broadcasting subscribers 85,994 33,481 38.9% % Saturation 26.4% Pay TV subscribers 15,618 18,264 116.9% % Saturation 4.8% Internet subscribers 34,600 22,151 64.0% % Saturation 10.6% Mikhail Smirnov, Chief Executive Officer, stated, "We are very proud to announce another month of record growth for our business. The continued rapid expansion of our homes passed network now gives us access to approximately 17% of the households in Moscow; two and one-half times the number of homes we had access to just one year ago. We also continue to demonstrate our ability to sell our services effectively and to extend our customer reach in both old and new areas where we have a presence. Despite the seasonally slow summer period, AKADO had record July sales for all three key product lines, with 7,280, 5,520 and 5,770 new subscribers for our Terrestrial Package, Digital Pay TV and Broadband Internet, respectively. These strong sales helped us balance the temporary seasonal outflow of existing customers that is standard in the summer months. This July, we experienced a net growth of active Internet service subscribers, as compared to a net loss of more than 1,100 subscribers in July 2005. We are experiencing a strong market response to the continuing improvements in our Digital Pay TV product, as demonstrated by the level of new sales and net active customer growth. In addition, more than 1,000 of our subscribers signed up for the enhanced NTV+ Digital Pay TV programming offering in July, which is double the amount of previous months' results. Our goal is to continue this trend by increasing the value we deliver to our customers and by further expanding our network." 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, ; Barbara Cano, Breakstone Group International, +1-646-452-2334,

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