DISH Network Announces $500 Million Debt Offering

 

ENGLEWOOD, Colo., May 20, 2008 (PrimeNewswire via COMTEX News Network) -- DISH Network Corporation (Nasdaq:DISH) today announced that its subsidiary, EchoStar DBS Corporation, is offering approximately $500 million aggregate principal amount of debt securities in accordance with Securities and Exchange Commission Rule 144A. The net proceeds of the offering are intended to be used for general corporate purposes.

This notice does not constitute an offer to sell, or the solicitation of an offer to buy, securities. Any offers of the securities will be made only by means of a private offering circular. The notes have not been registered under the Securities Act of 1933, as amended, or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Except for historical information contained herein, the matters set forth in this press release are forward-looking statements. The forward-looking statements set forth above involve a number of risks and uncertainties that could cause actual results to differ materially from any such statement, including the risks and uncertainties discussed in DISH Network Corporation's Disclosure Regarding Forward-Looking Statements included in its recent filings with the Securities and Exchange Commission, including its annual report on Form 10-K and its most recent quarterly report on Form 10-Q. The forward-looking statements speak only as of the date made, and DISH Network Corporation expressly disclaims any obligation to update these forward-looking statements.

About DISH Network

DISH Network Corporation (Nasdaq:DISH) serves more than 13.815 million satellite TV customers through its DISH Network, and is a leading U.S. provider of advanced digital television services. DISH Network's services include hundreds of video and audio channels, Interactive TV, HDTV, sports and international programming, together with professional installation and 24-hour customer service.

This news release was distributed by PrimeNewswire, www.primenewswire.com

SOURCE: DISH Network Corporation

EchoStar 

          Investor Relations

          Jason Kiser

            303-723-2210

            jason.kiser@echostar.com 

          Media Relations

          Kathie Gonzalez

            720-514-5351

            press@echostar.com