Wednesday April 14, 5:52 pm Eastern Time
Company Press Release
audiohighway.com To Acquire Mass Music, An Online
Music Retailer
Acquisition will put audiohighway.com in the music e-commerce
business
CUPERTINO, Calif.--(BUSINESS WIRE)--April 14, 1999--audiohighway.com (Nasdaq: AHWY - news), an
Internet-based information and entertainment company, Wednesday announced it has entered into an agreement to purchase
substantially all of the assets of Mass Music, an online music retailer, subject to shareholder approval, for approximately 36,000
shares of common stock and $200,000 in cash.
Visitors to the Mass Music Web site (http://www.massmusic.com) can search for music selections from the libraries of music
publishers and recording labels from around the world.
Mass Music offers hundreds of thousands of titles from more than 300 categories and genres. Mass Music also sells movies,
magazines and various music accessories online, as well as providing a free music industry newsletter.
According to audiohighway.com President and CEO, Nathan Schulhof, acquisition of Mass Music will allow audiohighway.com
to enter directly into the online retail music business.
''Mass Music is an excellent e-commerce complement to what we've already created at audiohighway.com,'' Schulhof said.
''We already have one of the largest and most diverse libraries of free audio selections on the Internet. Now we're adding to
that an established e-commerce music site, which is a natural next step in expanding our audio presence on the Internet.
''In addition, combining the Mass Music customer base with the audiohighway.com customer base will provide us with new
sales and marketing opportunities. Naturally, we're very excited about the possibilities this acquisition opens up for our
customers, advertisers, partners and shareholders.''
As part of the acquisition, audiohighway.com has begun a redesign of the Mass Music Web site, which is expected to be
completed within 90 days and maintained as a separate online presence. Both sites will then be linked with one another,
providing what is anticipated will be a more robust music and Internet audio experience for visitors to either site.
Today's announcement was made in connection with Spring Internet World '99, which is being held April 14-16 in Los Angeles
and is one of the largest trade shows in the U.S. for Internet companies.
Schulhof and several other audiohighway.com employees will showcase both audiohighway.com and Mass Music tonight at
internet:press where they anticipate meeting with more than 100 journalists from industry, business, financial and consumer
media.
internet:press is one of the top press receptions held in conjunction with Spring Internet World. Tonight's media event will be
held from 5:30 p.m. to 8:30 p.m. (PT) in the revolving restaurant located on the top floor of the Transamerica Tower and
situated a few blocks from the Los Angeles Convention Center, site of Spring Internet World.
audiohighway.com (Nasdaq: AHWY - news) is an Internet-based information and entertainment company that has built one of
the largest libraries of free audio content for consumers on the Internet.
Consumers visiting the company's Web site (www.audiohighway.com) can access thousands of hours of audiobooks, music,
news, entertainment, education and information selections in a number of Internet audio formats (including MP3 and the
company's own AudioWiz(TM)) through eight audio channels. In addition, the site is updated throughout each day with timely
news and information feeds.
This free audio content can be streamed via the Internet directly to PCs for immediate listening or downloaded for future
playback. For more information, contact audiohighway.com at 408/255-5301 or 800/77LISTEN.
Note to Editors: The statements made in this release that are not historical facts contain forward-looking information that
involves risks and uncertainties.
Important factors that may cause actual results to differ include, but are not limited to, the impact of competitive products and
services, the company's ability to manage growth and acquisitions of technology or businesses, the effect of economic and
business conditions, and other risks detailed from time to time in the company's filings with the Securities and Exchange
Commission.
audiohighway.com and AudioWiz are trademarks of audiohighway.com. All other trademarks are the property of their
respective owners.
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