FWHT Findwhat.Com (MM)

Internet Radio and Search Pioneers Form New Partnership RadioIO and FindWhat.com Co-Founders Jointly Announce Their Partnership in RadioIO.com, LLC JACKSONVILLE, Fla., April 8 /PRNewswire/ -- ioMedia Partners, LLC has announced apartnership with BluVentures, LLC. The two companies have formed RadioIO.com, LLC, which owns and operates RadioIO.com. Currently operating twelve different radio formats, RadioIO is one of the Internet's most- listened-to radio networks, right behind Yahoo!'s LAUNCHcast, Radio@AOL and MusicMatch. With the combined talents and experience of the BluVentures and ioMedia Partners management teams, RadioIO.com will be able to further develop its intellectual capital and take advantage of new opportunities in Internet radio. "This partnership is good for the industry in general. The private capital market taking notice of our space is just one of several indicators that are signaling the beginning of momentum for this medium," said Kelly Elder, Jr., a managing member of RadioIO.com. "We are very excited about our new partnership with BluVentures. I think we're going to turn a lot of heads in the next few months." BluVentures, a broadcast, technology and entertainment company based in Ft. Myers, Florida, with offices in New York City, is owned and operated by Courtney Jones, Robert Brahms, Ken Christensen and Jason Hervey. Mr. Jones and Mr. Brahms are co-founders of FindWhat.com (NASDAQ:FWHT), the highly successful pay-for-performance searchengine. FindWhat.com was recently named by Delloite & Touche's "Fast 500" as the seventh fastest growing technology company in North America. Ken Christiansen is a director of FindWhat and has a vast, successful track record in terrestrial radio. Jason Hervey has achieved success through his extensive career in the entertainment business. The founders of FindWhat have made the investment in RadioIO.com because they believe in its growth and profit potential. "With our collective backgrounds in broadcasting, along with the success that we have had with Findwhat.com, we're obviously bullish on the Internet, and in particular, the future of Internet broadcasting. We believe the Internet is the future of broadcasting," said Courtney Jones, Chairman & CEO of BluVentures. "Our investment and partnership with ioMedia is a strategic continuation of our interest and excitement in broadcast evolution, including both the Internet and new terrestrial radio formats. We recently launched KLBU http://www.blu1029.com/ in Santa Fe NM with our own new chill format, we call 'blu.' Our goal with RadioIO is to be on the forefront of change, grow the RadioIO brand position and continue its evolution as a premier Internet radio service," Mr. Jones concluded. RadioIO.com is home to Radioio ECLECTIC, which was rated the #1 most- listened-to Internet radio station when it was last included in the Arbitron ratings in April 2003. Since then, RadioIO.com has continued to grow significantly and now has a line-upof twelve stations, which cover rock, jazz, classical and other formats. RadioIO plans to add 9 new formants in the coming year. Through its distribution agreement with Microsoft, and its prominent placement within the Windows Media Player, RadioIO.com's network of stations streams between six and eight million hours of unique listening sessions each month and consistently receives "Editors Pick" recommendations. DATASOURCE: RadioIO.com, LLC CONTACT: Alan Wallace, +1-650-678-4819, , for RadioIO.com, LLC Web site: http://www.blu1029.com/

Copyright