NBG RADIO NETWORK AND AUDIOHIGHWAY.COM INK DEAL
PORTLAND, OREGON (December 18, 1998)NBG Radio Network (OTC:
NSBD) announced today the signing of an agreement to provide audiohighway.com
(NASDAQ: AHWY) audio programming to deliver via the internet.
NBG Radio Network creates and produces entertainment and music related radio
programs as well as services for the radio industry. NBG currently produces 29
nationally syndicated radio programs reaching more than 1700 radio stations on a daily
basis. Portions of these programs make up the terms of this strategic agreement. NBG
Radio Network is committed to producing quality programming, and while the focus
remains on serving the radio industry, diversifying into other complementary industries
such as the internet ensures continued growth for the Company and our shareholders.
audiohighway.com, an internet-based information and entertainment company, offers its
users the ability to preview, select, purchase, download, and own premium selections
for storage on virtually any media, from recordable CDs and cassette tapes to personal
computer hard drives and removable media. People can visit the web site at
www.audiohighway.com and browse or listen to thousands of audio selections from
providers including National Public Radio, Newsweek On Air, Associated Press,
Penguin Books USA, ESPN, and Compact Classics.
Under terms of the agreement, audiohighway.com will work to incorporate over 300
hours of audio content provided by NBG Radio Network into the audiohighway.com
web site. Some of the programs produced on the NBG Radio Network that will show
up on the site include: The Golden Age of Radio, Country Music Minute, Celebrity
Talk, Modern Rock Minute, Sports Memories, Teein' It Up, Fastbreak, and Outdoor
Tips.
According to Steve Sears, VP/Programming for NBG Radio Network, "This
agreement allows NBG to provide another forum for people looking for audio
entertainment. We're extremely pleased with the opportunity to provide programming
right now, as well as develop new audio content for their site in the future. Plus, the
more creative we can be with premium materials delivered to audiohighway.com, the
more revenues both companies can generate."
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