Former Director of Bose Corporation to Lead Internet Radio Network¡¦s

RADIOWAVE.COM APPOINTS TOM McCARTHY AS VP/CHIEF TECHNOLOGY OFFICER

Former Director of Bose Corporation to Lead Internet Radio Network¡¦s
Technology Strategy

Chicago, IL (January 3, 2001) RadioWave.com, creator of the web¡¦s leading Internet Radio Network, today announced the appointment of Tom McCarthy as VP/Chief Technology Officer. Formerly the Director of Worldwide Engineering Operations at Bose, McCarthy brings extensive technology management experience to RadioWave.com where he will provide strategic guidance in the acquisition and development of enabling technologies, as well as leadership for the company¡¦s engineering resources.

As Director of Operations at Bose, McCarthy was responsible for overall engineering operations, which included research and development budgeting, engineering processes, recruiting and business alliances. McCarthy championed a technical business collaboration initiative to develop business-to-business content delivery alliances, with technologies that included DSP, streaming content delivery, networking, acoustics, analog and digital design.

¡§We¡¦re confident that Tom¡¦s background in engineering and technology development will further the growth of RadioWave.com¡¦s efforts to build an unwired network and deliver the most compelling audio programming,¡¨ said Bill Person, CEO of RadioWave.com. ¡§Tom¡¦s technology expertise and management experience will be a tremendous asset to RadioWave.com.¡¨

Before his tenure at Bose, McCarthy¡¦s experience included senior technical and general management roles in both Lockheed Martin and General Electric. As Program Director at Lockheed he led the development and competitive pursuit of complex airborne technology business, as well as performing business area management duties. As Program General Manager of Worldwide Minehunting Sonar Business at General Electric, McCarthy oversaw all aspects of engineering, manufacturing, and business development. In addition, he led the development and demonstration of the first real-time software implementation of the F-22 aircraft¡¦s electronic warfare function.

McCarthy holds an Executive MBA from Boston University, MSEE from Syracuse University, and a BSEE from Lowell University, among other technical and business education.

About RadioWave.com
RadioWave is the leading Internet Radio Network. It creates unique and compelling interactive audio entertainment services for radio broadcasters and high-traffic Internet destinations. RadioWave¡¦s fully customized Web-based solutions support and enhance its customers¡¦ brands by integrating live or programmed music with coordinated visuals, interactive information and interactive audio advertising (iSpots„·). iSpots feature real-time, seamless coordination of visual and audio messages that combine the branding effectiveness of a radio ad with the interactivity of a banner ad. RadioWave¡¦s proprietary advertising management software ensures ease of iSpot trafficking, order entry, uploading of visual/audio files, retrieval of performance reports and automatic billing. RadioWave¡¦s financial and strategic partners include Warburg Pincus Ventures, FBR Technology Venture Partners, EMI Recorded Music, Intel, Motorola and Susquehanna Radio Corp. Additional information about our company and demonstrations of RadioWave.com¡¦s services are available at www.radiowave.com.

For additional information contact:
Berry Meyerowitz          
RadioWave.com    
312.377.6078           
berrym@radiowave.com

TJ Snyder
PR 21 for RadioWave.com
212.299.8964
tj.snyder@pr21.com