MediaBay Teams with Mobile Streams to License Classic Radio Ringtones to Network of Mobile Phone Users Using Alltel and Nextel

MediaBay Teams with Mobile Streams to License Classic Radio Ringtones to Network of Mobile Phone Users Using Alltel and Nextel

CEDAR KNOLLS, N.J., Oct. 24 /PRNewswire-FirstCall/ -- MediaBay, Inc. (NASDAQ:MBAY), a leading digital media and publishing company specializing in spoken word and premium audio entertainment, today announced that they have entered into a licensing agreement with Mobile Streams, a global mobile music and media specialist, to deliver MediaBay's vast library of classic radio content through Mobile Streams' ringtone distribution channels, including the company's established Web site Ringtones.com and carrier partners including Alltel and Nextel.

The deal showcases MediaBay's continued strategic pursuit of expanding its digital distribution network with its premium spoken word content library. Ringtones initially slated to be available through the deal with Mobile Streams include clips from classic shows such as "The Jack Benny Show," "Dimension X," "Duffy's Tavern," "The Great Gildersleeve," "Gunsmoke," the intro to "The Inner Sanctum," "Lights Out," Superman's "It's a bird, It's a plane," Bob Hope's "Thanks for the Memories," "The Shadow," "Sorry Wrong Number" and Richard Diamond's famous whistle.

"Working together, Mobile Streams and MediaBay will offer consumers an exciting new category of ringtones harkening back to the earliest days of commercial audio," said Shawn Barber, Mobile Streams chief United States operating officer. "We're extremely excited to join forces with MediaBay in this new venture."

"Offering consumers pieces of classic American radio on an entirely new platform is yet another way MediaBay is dedicated to preserving and extending the life of this amazing nostalgic content," said Jeffrey Dittus, chief executive officer of MediaBay, Inc. "These ringtones will resonate with a broad range of mobile customers, both young and old, who are looking for something distinctive and exciting to use on their wireless handsets."

An initial list of ringtones that will be available through the MobileStreams distribution agreement can be found online by visiting http://www.radiospirits.com/sample/ringtones.html .

About MediaBay, Inc.

MediaBay Inc. (NASDAQ:MBAY) is a leading digital media and publishing company specializing in spoken word and premium audio entertainment. The company maintains a library consisting of more than 75,000 hours of content, including audiobooks from best-selling authors and the history of American Radio. Some of MediaBay's digital content partners include BBC, Blackstone, Brilliance Audio, CBS Radio, Harper Collins, Hay House, Oasis, Penguin Group USA Audio, Random House, Simon & Schuster, Sound Room Publishers, Time Warner Audio and Zondervan. In addition to its popular Audio Book Club, MediaBay distributes its content through proprietary web sites soundsgood.com and radiospirits.com as well as through partner channels including Loudeye, MSN Music, Sirius Satellite Radio and XM Satellite Radio. For more information on MediaBay, please visit http://www.soundsgood.com/, http://www.mediabay.com/, http://www.audiobookclub.com/, http://www.radiospirits.com/ .

About Mobile Streams

Mobile Streams is a leading global mobile music and media specialist within the mobile messaging and mobile entertainment arenas. Utilizing a dedicated in-house content team and with one of the largest portfolios of quality mobile content, we deliver licensed carrier grade solutions to global network operators as well as sell direct to consumers. Our team is expert in the creation, design and licensing of premium content such as mobile music, adult, comedy, animated and static backgrounds, MMS content and java games. For more information, please visit: http://www.mobilestreams.com/

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements. All statements other than statements of historical facts included in this release, including, without limitation, statements regarding MediaBay's future financial position, business strategy, budgets, projected costs and plans and objectives of 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. Actual results could differ materially from those projected in or contemplated by the forward-looking statements. Factors that could cause actual results to differ include, without limitation MediaBay's ability to implement its new strategy and transition its business and the risks related thereto: its history of losses and declining revenue; its ability to license and sell new spoken word content, anticipate and respond to changing customer preferences, license and produce desirable content, protect its databases and other intellectual property from unauthorized access, and collect receivables; dependence on third-party providers, suppliers and distribution channels; competition; the costs and success of its marketing strategies; product returns; member attrition; and risks relating to its capital structure. 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.

Contacts for MediaBay: Michael Hope Tim Clemensen mPRm Public Relations Rubenstein Investor Relations 323-933-3399 212-843-9337 mhope@mprm.comtclemensen@rubensteinir.com

Source: MediaBay, Inc.

CONTACT: Michael Hope of mPRm Public Relations, +1-323-933-3399, mhope@mprm.com; Tim Clemensen of Rubenstein Investor Relations, +1-212-843-9337, tclemensen@rubensteinir.com, both of for MediaBay, Inc.

Web site: http://www.mediabay.com/ http://www.radiospirits.com/ http://www.audiobookclub.com/ http://www.mobilestreams.com/ http://www.soundsgood.com/

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