RadioTower.com Inc. Appoints Phillip Edwards Pearce To Board Of Directors

Tuesday, May 16, 2000 02:46 PM

GLENDALE, Calif.--(BUSINESS WIRE)--May 16, 2000--RadioTower.com Inc. (Pink Sheets:RTOW) is extremely pleased to announce that Phillip Edwards Pearce has agreed to join the Board of Directors.

Mr. Pearce is a career investment banker who served as President, G.H. Crawford and Co.; Executive Partner, R.S. Dickinson, Powell, Kistler & Crawford; Sr. VP and Director, E.F. Hutton; President, Phillip E. Pearce & Co. and Partner - Pearce-Henry Capital Corp of Charlotte, NC. In addition Mr. Pearce, known as the grandfather of NASDAQ, was Chairman of the NASD Board of Governors
(1968-69), served on the NYC Board of Directors of EF Hutton (1969-75) and was a contributing author and editor of The Dow Jones Publication of the Stock Market Handbook. Other positions include: Advisory Council to the SEC on The Institutional Study of Stock Markets and Board of Governors - New York Stock Exchange.

States Mr. Pearce: "RadioTower is positioning itself to succeed in a rapidly growing market - I look forward to contributing to the growth of the company." "We're very happy to have Phillip on Board," says Michael Levine, Chairman of the Board. "He brings a wealth of experience to the team and will help us immeasurably in executing our strategic plan."

RadioTower.com Inc. is a free online directory of radio stations that webcast on the Internet. It makes it easy to tune in and listen to over 1,200 radio stations from more than 80 countries in dozens of genres (top 40, news, alternative, rock, sports etc.) from its web site. RadioTower has built a steady user base due to positive word-of-mouth, high listings on all major search engines, links from 1,000's of other sites, strategic affiliations and favorable reviews. Revenue is derived from the sale of onsite advertising, affiliated e-commerce programs, and business-to-business audio services.

ON BEHALF OF THE BOARD OF DIRECTORS Alan Brown, President

Forward-looking statements in this release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current management expectations that involve risks and uncertainties that may result in such expectations not
being realized. Potential risks and uncertainties include, but are not limited to, the risks described in filings with the Securities and Exchange Commission.

CONTACT: RadioTower.com Inc.
             Emanuel Hajek, Investor Relations
             888/757-2346 (888/75RADIO)
             E-mail: invest@radiotower.com