Live365 Appoints New CEO to Accelerate Growth in Rapidly Expanding Internet and Mobile Radio Space

FOSTER CITY, CA (November 9, 2011) - Live365, a pioneer in Internet radio and broadcasting (since 1999) today announced the appointment of Ed Schaffer as Chief Executive Officer. The appointment of a new CEO comes as the company continues to expand its listener and broadcaster base with new mobile applications, distribution channels, and growth initiatives.

Ed Schaffer brings 20 years of experience in senior management positions at companies including Monster Worldwide, oDesk, and Intuit to his new role at Live365. He also holds a BA in International Relations from University of Pennsylvania and an MBA from Stanford.

"I am excited to join a true pioneer in digital media and help lead the charge for Live365," said Ed Schaffer. "With millions of listeners and thousands of broadcasters, the company is poised for a new phase of growth. I look forward to leveraging my results-driven leadership experience to help seize the significant opportunities that exist for the company and its technologies."

For more information about Live365 visit the following link: http://www.live365.com

About Live365, Inc.

Live365, Inc. is a pioneer in Internet radio and broadcasting, having broadcast continuously since 1999. The Live365 radio network reaches millions of listeners worldwide, offering greater breadth and depth of high-quality streaming music, talk, and audio than any other network. Featuring 250+ genres of music produced by 5,000+ broadcasters and music tastemakers from over 150 countries, Live365 boasts a roster of artists and radio producers ranging from Carlos Santana, Pat Metheny, and Jethro Tull, to commercial and public radio stations, to individual DJs who program stations in every musical style.

Live365's end-to-end broadcast platform empowers individuals and organizations alike by giving them a "voice" to reach audiences around the globe. Through easy-to-use tools and services as well as royalty coverage, anyone with a computer and Internet connection can create his or her own Internet radio station and reach a global audience with minimal cost and effort.

Live365, Inc.
950 Tower Lane, Suite 1550
Foster City, CA 94404

Contact: Chris Houghton
650-345-7400 x113
pr@live365.com