Microsoft's Rob Green Joins MediaBay's Technology Advisory Board

Business Wire, June 26, 2000

Business Editors

MORRISTOWN, N.J.--(BUSINESS WIRE)--June 26, 2000

MediaBay, Inc. (Nasdaq: MBAY), the leading provider of premium spoken word audio content and products in hard goods and digital download formats, announced today that Rob Green, Business Development Manager, Digital Media Division at Microsoft Corporation (Nasdaq: MSFT), has joined its Technology Advisory Board.

"Rob is a valuable addition to our Technology Advisory Board. He has a strong background in emerging technologies, business development and digital media. He also has significant experience working with numerous digital media and technology companies. We are confident that Rob will be an asset to our company as we continue to execute our strategy to maintain and extend our leadership position in the digital audio download space," said Michael Herrick, chief executive officer and president of MediaBay, Inc.

Mr. Green, who has worked at Microsoft for a year and consulted for the Company for more than a year prior to that, specializes in the growth and adoption of digital media technologies designed by Microsoft. Previously, he worked in the healthcare informatics and telecommunications fields, for 10 years. He completed his BA in economics at Indiana University.

"I am honored to join MediaBay's Technology Advisory Board. The Company's initiatives in digital download technologies demonstrate that MediaBay is ahead of the curve and preparing for strong growth in the industry," said Rob Green, Business Development Manager, Digital Media Division at Microsoft Corporation. "I look forward to leveraging my background in digital media technologies to assist Media Bay as the leader in digital downloads for spoken word content."

MediaBay meets with its Technology Advisory Board to evaluate opportunities, share ideas and formulate strategies for the Company's digital audio downloads and e-book business. The MediaBay Technology Advisory Board also includes Stephen McLaughlin, CTO, MediaBay, Inc.; Timothy W. Mattox, Director, Enterprise System Group Strategic Planning for Dell Corporation (NASDAQ: DELL); John Ramsey, Chief Technology Officer for Virtacon; Michael Schoen, Managing Director, Donaldson, Lufkin & Jenrette; and Harvey Stober, Managing Partner at Greystone Partners, LP.

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 2.3 million names and more than 1.5 million unique website visitors. MediaBay's spoken audio content library consists of more than 50,000 hours of spoken word content including audiobooks, old-time radio shows, audio versions of newspapers, magazines and other spoken word content. 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 www.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 www.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 of its book club to retain 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.