MOCC Moscow Cablecom (MM)

NEW YORK, June 8 /PRNewswire-FirstCall/ -- Moscow CableCom Corp. (NASDAQ:MOCC) today announced the growth of its homes passed network and of the number of active subscribers for its broadband services in Moscow, as of May 31, 2007: ACTIVE SUBSCRIBERS YTD May 31, April 30, Change Percent December Change Percent 2007 2007 (1 month) Change 31, 2006 (5 months) Change Homes passed 932,251 889,037 43,214 4.9 % 782,249 150,002 19.2 % Terrestrial Broadcasting subscrib- ers 220,153 211,942 8,211 3.9 % 173,558 46,595 26.8 % % Satur- ation 23.6 % 23.8 % 22.2 % Pay TV subscrib- ers 93,379 88,664 4,715 5.3 % 65,310 28,069 43.0 % % Satur- ation 10.0 % 10.0 % 8.3 % Internet subscrib- ers 126,492 122,948 3,544 2.9 % 98,106 28,386 28.9 % % Satur- ation 13.6 % 13.8 % 12.5 % ACTUAL SUBSCRIBERS YTD May 31, April 30, Change Percent December Change Percent 2007 2007 (1 month) Change 31, 2006 (5 months) Change Terrestrial Broadcasting subscrib- ers 222,387 214,055 8,332 3.9 % 174,567 47,820 27.4 % % Satur- ation 23.9 % 24.1 % 22.3 % Pay TV subscrib- ers 109,112 102,756 6,356 6.2 % 75,725 33,387 44.1 % % Satur- ation 11.7 % 11.6 % 9.7 % Internet subscrib- ers 144,782 139,478 5,304 3.8 % 110,017 34,765 31.6 % % Satur- ation 15.5 % 15.7 % 14.1 % About Moscow CableCom Moscow CableCom Corp (NASDAQ:MOCC) is the US-based parent of a Moscow, Russia-based company that provides access to cable television and Internet services under the brand name "AKADO". AKADO is in the process of expanding its hybrid fiber-coaxial network in Moscow to provide residential and business customers with comprehensive broadband services in digital cable TV and radio, and high-speed data transmission and Internet access. The Company has licenses to provide its services to 1.5 million homes and businesses in Moscow, through its proprietary agreements for use of the Moscow Fiber Optic Network, the largest high-speed data cable network in Moscow. For more information on Moscow CableCom Corp. and AKADO, visit: http://www.moscowcablecom.com/ and http://www.akado.ru/ Availability of Information Regarding the Proposed Merger with Renova Media Enterprises In connection with the proposed merger between the Company and Renova Media Enterpises Ltd., the Company's single largest shareholder, the Company filed a preliminary Information Statement with the Securities and Exchange Commission (the "SEC") on May 4, 2007. In addition, the Company and Renova Media Enterprises filed with the SEC a Transaction Statement on Schedule 13E-3 on May 4, 2007. The parties will also make certain other SEC filings regarding the transaction. These filings contain and future filings will contain important information about the transaction. The Company and Renova Media Enterprises urge investors to read these filings and to read future filings when they become available. Copies of these filings will be available, free of charge, on the SEC's website (http://www.sec.gov/). Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 This press release may contain "forward-looking statements". All forward- looking statements contained in this press release are subject to various risks and uncertainties that could materially affect these matters including, without limitation, the risk that the transaction contemplated by the merger agreement between the Company and Renova Media will not be consummated on the terms announced or at all. These statements may contain words such as "expects," "anticipates," "plans," believes," "projects" and words of similar meaning. These statements also relate to our future business and financial performance, including AKADO's development, its ability to attract new subscribers, to continue to expand its hybrid fiber-coaxial network, to achieve positive cash flow and our 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 the lack of operating history of AKADO, liquidity difficulties, developments in the marketplace for cable TV and internet 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, 2006 and other public filings made by us with the SEC, 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 any of our related public filings with the SEC, or to make corrections to reflect future events or developments. DATASOURCE: Moscow CableCom Corp. CONTACT: Tate Fite, Chief Financial Officer of Moscow CableCom Corp., +011-7-495-221-5516, ; or Barbara Cano of Breakstone Group International, +1-646-452-2334, , for Moscow CableCom Corp. Web site: http://www.moscowcablecom.com/ http://www.akado.ru/

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