PenguinRadio Goes Live365

Live365's 29,000 Internet Radio Stations Will be Available Through PenguinRadio's Next-Generation Internet Radio Devices

Foster City, CA (March 7, 2001) - Live365 (www.live365.com), the largest Internet radio community, announced today a partnership with PenguinRadio, a leading player in next-generation Internet radio delivery, to offer over 29,000 Live365 stations through PenguinRadio's interface.

Under the non-exclusive licensing agreement, all of Live365's more than 29,000 stations will be accessible via PenguinRadio on multiple devices. PenguinRadio has developed a standalone Internet audio device as well as a platform for the delivery of Internet radio to mobile phones.

"We are pleased to work with one of the innovators in Internet radio delivery, which will help move Internet listening off the desktop," noted John Jeffrey, EVP of Live365. "This partnership reflects our desire to give consumers the ability to tune in to our vast array of music and other audio content in a variety of settings, whether relaxing in the living room or running in the park."

"We are excited to announce these three new positions and the appointment of these seasoned sales team members to the Live365 team as we continue to grow and attract Live365 listeners and broadcasters," said Alex Sanford, President and CEO of Live365. "Our new team members will enhance our strong sales efforts and further establish Live365's position as a world leader of Internet radio."

"Our goal has always been to deliver any Internet radio station in the world to any place on Earth through a variety of network devices. PenguinRadio and Live365 are fundamentally reshaping the distribution of radio and audio content, and we are very pleased to partner with Live365's vast library of personal Internet radio stations," added Andrew Leyden, PenguinRadio's CEO.

About PenguinRadio

PenguinRadio, Inc, headquartered in Washington, D.C., has developed a stand-alone Internet radio appliance, powered by the PenguinRadio database, that allows streaming media feeds to be directed directly to a home stereo system, no pc needed. PenguinRadio is also utilizing voice-enabled phone access to its database of traditional and Internet-only radio station feeds. The PenguinRadio web portal (www.penguinradio.com) has links to thousands of radio stations, and the database supports use by mobile phones that can play Internet audio format through www.phoneradio.com. PenguinRadio can be reached at (202) 223-7294.

About Live365

As the world's leading Internet Radio Provider, Live365 gives users free access to the largest selection of Internet radio stations worldwide. Anyone with a computer and an Internet connection can choose from over 27,000 simultaneous broadcasts or create their own unique station using Live365's proprietary technology. With hundreds of new users signing on each day, Live365 currently features more radio stations than does the entire United States terrestrial radio broadcast network. Live365 also provides traditional radio stations, record companies, community groups and religious organizations the most affordable and easy solution to streaming audio over the Internet. Live365 has been named one of the "Top 6 Killer Apps" of streaming media by Deutsche Banc Alex Brown, one of the world's top international investment banks, in its May 2000 report "Internet, Broadband, and Enhanced TV." Founded in July 1999 in Foster City, CA, Live365 is the single largest broadcaster of streaming MP3 content on the Web. For more information, go to www.Live365.com.

For more information on Live365.com, please contact: pr@live365.com