MOCC Moscow Cablecom (MM)

NEW YORK, June 6 /PRNewswire-FirstCall/ -- Moscow CableCom Corp. (NASDAQ: MOCC) reported today that it has received notice from The Nasdaq Stock Market that the previously announced filing delinquency, resulting from the failure to file the Company's quarterly report for the three months ended March 31, 2007 within the required time frame, has been cured and the de-listing procedure has been terminated by Nasdaq. As previously announced, the Company's quarterly report on Form 10-Q was filed on June 5, 2007. 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, 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", including, but not limited to those regarding the proposed merger between the Company and Renova Media Enterprises, and the bridge facility agreement among the Company, ZAO ComCor-TV, and RME Finance Ltd. 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 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: Andrew M. O'Shea, Secretary, +1-860-298-0444, ; or Barbara Cano, Breakstone Group International, +1-646-452-2334, Web site: http://www.moscowcablecom.com/ http://www.akado.ru/

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