FOSTER CITY, CA  (APRIL 17, 2001) - Live365 (www.live365.com), the world’s largest Internet broadcasting community with more than 30,000 Internet radio stations, announced today the promotion of Kathryn Daley to Chief Financial Officer from Vice President of Finance.

Under her new title, Daley will continue to oversee all aspects of the finance, accounting, and administration groups and will be responsible for Live365’s business planning, budgeting, and forecasting.  Delivering more than 18 years of accounting and management experience to her new role, Daley will be an instrumental ingredient to the continued success of Live365’s continued success and growth.

“Since joining Live365, Ms. Daley has led the company’s financial development from a small start-up business to a major, thriving professional operation,” said Alex Sanford, CEO of Live365. “Kathryn has been a major driving force behind the financial stability of Live365 as her expertise, management skills, and tireless efforts have facilitated the financial health of Live365 and have helped us remain one of the most successful names in Internet radio.”

Prior to joining Live365, Daley provided pre-IPO management consulting services for various Internet and telecom start-ups, specializing in broadband, DSL, and traditional Internet access service provider companies.  She was instrumental as Controller and Vice President of Finance at TCI.net, which launched the @Home Network (now AT&T and Excite@Home).  In addition, she managed the financial reporting and practices for the launch of Fox Television’s F/X and F/X Movie stations.

ABOUT LIVE365

Live365 (www.Live365.com) is the world’s largest broadcaster of streaming MP3 content on the Internet, with more than 30,000 free stations available for users to listen to at anytime, and innovative proprietary technology for users to create their personal, unique station to broadcast to a worldwide audience.  Rated one of the largest aggregate network streamers in a recent report issued by Arbitron, Live365’s “Studio365” tools empower traditional radio stations, record companies, community groups, and others with a free and easy solution to streaming audio over the Internet.  A leader in the development Internet radio through wireless devices, Live365 created the first streaming MP3 player for the Pocket PC, and offers all their stations on the revolutionary 3Com/Kerbango portable Internet radio player.  Founded in July 1999 in Foster City, CA, Live365 has been named one of the “Top 6 Killer Apps” of streaming media by Deutsche Banc Alex Brown, one of the world’s top international investment banks, in its May 2000 report “Internet, Broadband, and Enhanced TV.