MediaBay to Enter Ringtone Market

MediaBay to Enter Ringtone Market

Mediabay Offering Classic Radio Show Snippets Available for Ringtone Partnerships

CEDAR KNOLLS, N.J., Feb. 9 /PRNewswire-FirstCall/ -- MediaBay, Inc. (NASDAQ:MBAY), a leader in spoken audio entertainment, today announced today that they intend to make available for license clips from its library of over 50,000 hours of classic old-time radio programs. Highlights of the offering include Dimension X, Duffy's Tavern, The Great Gildersleeve, The Green Hornet, Lights Out, and Sorry Wrong Number. A sample list of ring tones initially available from MediaBay can be heard at http://www.radiospirits.com/sample/ringtones.html.

The offering from MediaBay will provide unique content to this $2.5 billion market that has been dominated by music. MediaBay also is providing the clips available as ringback tones, which have taken off in Europe and Asia.

"Offering these classic moments from radio's past on an entirely new platform is just another way we are re-introducing this great content and furthering our push into the digital distribution of our vast libraries of spoken word content. These ring tones should appeal to a broad range of consumers who are looking for something different and exciting," said Jeffrey Dittus, MediaBay CEO.

About MediaBay

MediaBay, Inc. (NASDAQ:MBAY) is a multi-channel, media marketing company specializing in the $800 million audiobook industry and old-time radio distribution. MediaBay's industry-leading content library includes over 60,000 classic radio programs, 3,500 film and television programs and thousands of audiobooks. MediaBay has begun digitizing and encoding its library of spoken word content and once the content is digitized, the Company expects to make it available for download on the many evolving music services and content stores that are proliferating on the Internet. For more information on MediaBay, please visit http://www.mediabay.com/ or its subsidiary sites: http://www.audiobookclub.com/, http://www.radiospirits.com/, and http://www.radioclassics.com/.

Forward Looking Statements

Certain statements in this press release constitute "forward-looking" statements that involve a number of known and unknown risks, uncertainties and other factors which may cause MediaBay's actual results, performance or achievements to be materially different from any results, performances or achievements express or implied by such forward-looking statements. All statements other than statements of historical facts included in this press release including, without limitation, statements regarding our future financial position, business strategy, budgets, projected costs and plans and objectives of MediaBay's management for future operations are forward-looking statements. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expect," "intend," "estimate," "anticipate," "believe," or "continue" or the negative thereof or variations thereon or similar terminology. Important factors that could cause actual results to differ materially from expectations, include, without limitation, MediaBay's history of losses; the success of its new digital media distribution strategy and new Larry King initiatives, its ability to anticipate and respond to changing customer preferences, license and produce desirable content, protect our databases and other intellectual property from unauthorized access, collect receivables; dependence on third-party providers, suppliers and distribution channels; competition; the costs and success of our marketing strategies; product returns; member attrition and other risks detailed in its Annual Report on Form 10-K for the year ended December 31, 2003. Undue reference should not be placed on these forward-looking statements, which speak only as of the date hereof. MediaBay undertakes no obligation to update any forward-looking statements.

For MediaBay:

Investor relations:
Jeffrey Dittus, MediaBay, CEO, 973-539-9528
Tim Clemensen, Rubenstein Investor Relations, 212-843-9337



Source: MediaBay, Inc

CONTACT: Jeffrey Dittus, CEO of MediaBay, +1-973-539-9528; or Tim
Clemensen, of Rubenstein Investor Relations, +1-212-843-9337, for MediaBay

Web site: http://www.mediabay.com/
http://www.radiospirits.com/sample/ringtones.html
http://www.audiobookclub.com/
http://www.radiospirits.com/
http://www.radioclassics.com/


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