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Source: PR Newswire

others developing high-speed internet connections

RICHMOND HILL, ON, Jan. 28 /CNW-PRN/ - Microsoft Corp. and NTL Inc.
announced on January 25th an agreement to jointly develop new,
broadband services for the UK and Ireland. This agreement, which also
calls for Microsoft to invest $500 million into NTL, is expected to
accelerate deployment of high-speed voice, video and data services, and
confirms greater demand from consumers seeking faster Internet access,
and the ability to quickly download content rich files and images.

Microsoft's entry into the broadband services market closely follows
America Online (NYSE: AOL) and Bell Atlantic's recent entry into
high-speed Internet access, which is currently being served by such
companies as At Home Corp (NASDAQ: ATHM), a national supplier of
broadband Internet programming using cable TV networks and high-speed
cable modem equipment.

'With the availability of high-speed Internet access becoming more
readily available to online users worldwide, media streaming technology
companies such as American Alliance, (NASDAQ: BCST), and
Realnetworks (NASDAQ: RNWK) will strongly benefit as the experience of
viewing media content over the Internet becomes more like watching
TV,' comments Mr. Doug Wetzel, a widely followed analyst with Gilbert
& Chatterton, Inc. Mr. Wetzel continues, 'The power of the Internet
to traditional business models cannot be underestimated. As an example,
just look at the recent financial success of ebay (NASDAQ: EBAY). The
potential for American Alliance is equally significant.'

American Alliance Corporation (Symbol: AMRE) is an aggregator and
broadcaster of targeted Internet streaming media content. Through, the Company offers a large, comprehensive
selection of Internet programming, including sports, news, business and
finance, health and medicine, technology, politics, and religion. Among
other online content, American Alliance will also broadcast live
pay-per-view seminars and entertainment, trade shows, conferences, and
training events on a worldwide basis. The Company has offices in
Buffalo, NY, Richmond Hill, Ontario, and opening soon in London, and

This press release contains forward-looking statements within the
meaning of Section 27A of the Securities Act of 1993 and section 21E of
the Exchange Act of 1934 and is subject to safe harbor created by these
sections. Actual results, performance or achievements could differ
materially from those anticipated in such forward-looking statements,
which involve numerous risks and uncertainties, including the Company's
ability to market its services and future customer acceptance for these
SOURCE: American Alliance Corporation

-0- 01/28/1999 /CONTACT: Terry Johnston

CO: American Alliance Corporation ST: Ontario IN: MLM CPR SU:

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