Media Bay/IOM/I-Jam..................
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Thursday September 21, 7:31 am Eastern Time
Press Release
SOURCE: MediaBay, Inc.
MediaBay, Inc. to Partner with Iomega and I-Jam on New Content Distribution Platform
- MediaBay's CTO Stephen McLaughlin to Announce Content Availability at Iomega's New Product Launch Today -
CEDAR KNOLLS, N.J., Sept. 21 /PRNewswire/ -- MediaBay, Inc. (Nasdaq: MBAY - news), the leading provider of premium spoken word audio content and products in hard goods and digital download formats, today announced it will supply its digital audio content for the new I-Jam/Iomega License Plate (LP) pre-recorded format. The LP will be playable on the new Iomega HipZip(TM) Player and on the I-Jam Win-Jam II player, as well as other future players that adopt Iomega's PocketZip(TM) technology. 'MediaBay will be announcing support of this new format at the Iomega HipZip(TM)/PocketZip(TM) product launch and press introduction today at The Supper Club located in Manhattan, NY.
The new palm-sized HipZip(TM) Digital Audio Player from Iomega has a sleek design that combines high capacity removable storage technology with the low-cost PocketZip(TM) media, which can hold 40MB of digital audio on a single disk. With its new Win-Jam II player, I-Jam Multimedia, one of the leaders in portable digital audio, unites two leading edge technologies -- Iomega's PocketZip(TM) removable storage and the Microsoft Windows(TM) Media Format -- to deliver affordable portable music and spoken word audio to digital audio player users.
MediaBay will supply both downloadable digital audio and pre-recorded LP content from its library of over 50,000 hours of audiobooks, old-time radio shows, and audio versions of newspapers and magazines. The Iomega PocketZip(TM) technology integrated into I-Jam and Iomega portable players makes portable digital audio players an affordable reality, for both secure downloading, and pre-recorded LP content. MediaBay's content can now quickly and easily be downloaded from MediaBay's website directly onto PocketZip(TM) media or acquired on convenient pre-recorded LP media for use in the Win-Jam II and HipZip(TM) players.
``We're very excited to be working with I-Jam Multimedia and Iomega in bringing this new format for secure distribution of our vast library of spoken word audio content to market,'' said Mr. Michael Herrick, President and Chief Executive Officer of MediaBay, Inc. ``PocketZip(TM) offers a convenient and durable format for delivering a wide variety of entertainment and information to MediaBay's 2.5 million customers. The potential of this new read-only format as another distribution vehicle for MediaBay content is enormous, and we look forward to capitalizing on its success.''
About Iomega
Iomega Corporation (NYSE: IOM - news) manufactures and markets the award-winning Zip®, Jaz® and PocketZip® drives and disks and markets the ZipCD(TM) CD-RW drives and discs. Iomega's products help people to save, share, manage and create important information such as spreadsheets, slides, Internet downloads, audio files and personal photographs, while protecting that content from viruses and hackers. Used in homes, businesses, government and educational facilities and by creative professionals everywhere, Iomega storage solutions are the enabling technologies preferred by millions. The Company can be reached at 1-800-MY-STUFF (800-697-8833), or on the Web at iomega.com.
About I-JAM
I-Jam L.L.C. headquartered in Schaumburg, IL, was formed in 1999 to develop and market micro-sized, multimedia products in the digital audio and video categories. The company is leveraging its advanced, in-house expertise in microcircuit design and development with the marketing synergies of its sister company, Wireless Marketing Corporation. For more information, go to the company's website at ijamworld.com.
About MediaBay, Inc.
MediaBay, Inc. is the leading provider of premium spoken word audio content and products in hard goods and digital download formats both online and offline which it markets to its customer database of over 2.5 million names, 650,000 opt-in email addresses and more than 2.0 million unique monthly website visitors. MediaBay, Inc. is one of the world's largest marketers of audiobooks through its Audio Book Club membership club, which markets and sells tens of thousands of audiobook titles through direct mail and the Internet at audiobookclub.com. MediaBay, Inc. is also one of the world's largest marketers of old-time radio shows and classic videos through its Radio Spirits subsidiary which markets and sells its content library of over 60,000 radio shows and 3,500 videos on audio cassette, compact disc and video cassette through direct mail, retail and radio channels, as well as through the Internet at mediabay.com. MediaBay.com, the Company's media portal site, is an innovative content and e-commerce website offering the Company's millions of customers and website visitors a single location for premium spoken word content and products available in hard goods and secure digital download formats.
Safe Harbor Statement Under The Private Securities Litigation Reform Act of 1995: The statements which are not historical facts contained in this press release are forward-looking statements that involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward looking statements. Such factors include, but are not limited to, risks relating to the Company's direct mail campaigns and the ability to retain Audio Book Club members, risks relating to the Company's growth strategy, dependence on third party service providers, uncertainty of the scope of future product returns, collection and risks associated with selling products on credit, competition and other risks detailed in the Company's Securities and Exchange Commission filings. The words ``believe'' and ``should'' and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.
SOURCE: MediaBay, Inc.
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