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FOR IMMEDIATE RELEASE
CONTACT FOR ADDITIONAL INFORMATION:
Eric Paulson
Chairman and CEO
NetRadio Corporation
(952) 259-6700
Mike Wise
CFO
NetRadio Corporation
952-259-6700
NETRADIO ANNOUNCES MANAGEMENT CHANGE
Minneapolis, MN - October 2, 2000 - NetRadio Corporation (Nasdaq: NETR) today
announced the resignation of president and chief executive officer, Edward
Tomechko. On an interim basis, Eric Paulson, chairman of the board, NetRadio,
will assume the responsibility of president and chief executive officer.
Mr. Paulson will continue in his role of chairman of the board and chief
executive officer of Navarre Corporation. Navarre Corporation is the largest
stockholder of NetRadio Corporation.
ABOUT NETRADIO CORPORATION
NetRadio Corporation is a media company that is the leading online distributor
of originally programmed audio entertainment. Through its premier Website,
NetRadio.com, the company leverages the attributes of traditional radio,
publishing and direct marketing with the connectivity and interactivity of the
Internet.
Approximately 2.5 million unique listeners visit several times per month to
enjoy NetRadio.com's more than 100 channels of music and information on demand,
24 hours a day, seven days a week.
The site connects with music enthusiasts through 15 interactive music
communities ranging from Jazz, Modern Rock and New Age to Vintage Rock, Country
and Classical. With NetRadio.com's On-Screen Player, listeners can see the title
and artist of every song as it plays. Users can simply click at any time to
seamlessly purchase what they're hearing from an inventory of more than 250,000
music titles and 1 million sound samples at Netradio.com's on-line music store.
Through its more than 100 channels of music and information, NetRadio.com
provides its advertising and marketing partners with the ability to reach
focused segments of users defined by specific demographic and lifestyle
characteristics. In addition, NetRadio.com allows advertisers to utilize the
combined strength of audio messaging with banner advertising, closing the loop
between message and action.
NetRadio Corporation is headquartered in Minneapolis, Minnesota. NetRadio.com is
a registered trademark of NetRadio Corporation. For more information about
NetRadio.com call 952-259-6700 or visit www.netradio.com.
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Forward-looking statements contained in this press release are made under the
Safe Harbor Provision of the Private Securities Litigation Reform Act of 1995.
Any such statements are subject to risks and uncertainties that could cause
actual results to differ materially from those anticipated in such
forward-looking statements. Certain of those risks and uncertainties are
described from time to time in the Company's reports filed with the Securities
and Exchange Commission.
