Angelaudio.com Teams With Amplified and Liquid Audio to Create One of the Largest Selections of Music On the Internet.

Business/High Tech Editors

LAS VEGAS--(BUSINESS WIRE)--July 14, 2000

Angelaudio.com Launches Media Superstore Featuring Over 1,000,000 Titles Available in Secure Digital Download, Compact Disc, Cassette or

Vinyl Formats

Angelaudio.com (OTCBB:AADC) today announced that it has launched its media superstore featuring products from both major artists and independents.

The Angelaudio.com Media Superstore features a database of over 1,000,000 songs available via secure digital download, customized CD or hard copy CD, making it one of the most extensive music libraries available on the Internet. In addition, the Media Superstore will feature merchandise of musicians such as pins, posters, t-shirts, and more. Also, the search engine capabilities in the Media Superstore will contain links to cybercasts, videos and interviews.

Angelaudio has partnered with Amplified, a leading online business-to-business fulfillment service for entertainment products and digital media services and affiliate of Valley Media, Inc. (Nasdaq:VMIX). This alliance enables Angelaudio to sell the entire Amplified catalogue of CDs, DVDs, vinyl, cassettes and videos.

"We are very excited to be working with Angelaudio," says Jim Swindel, President of Amplified Entertainment. "We look forward to ensuring satisfactory fulfillment for customer purchases on Angelaudio.com."

Angelaudio has also teamed up with Liquid Audio Inc. (Nasdaq:LQID), a leading provider of software and services for the Internet delivery of music. Angelaudio will utilize Liquid Audio's Remote Inventory Fulfillment System (RIFFS) to distribute the Liquid Catalog of more than 70,000 digital downloads. By leveraging Liquid Audio's music hosting, delivery and digital rights management infrastructure, Angelaudio has integrated secure, for-sale downloads, full-length promotional tracks and streaming audio previews into its Web site. This enables Angelaudio to promote and sell more music from over 1,400 labels with CD-quality sound, online lyrics, liner notes and album art.

"Liquid Audio's Remote Inventory Fulfillment System (RIFFS) integrates a virtual warehouse of tens of thousands of downloadable tracks into Angelaudio's existing retail Web site," said Susan Van Hosen, worldwide sales director for Online Music at Liquid Audio. "Angelaudio's customers will now be able to buy digital downloads alongside other physical goods with a single transaction from the Angelaudio shopping cart."

About Angelaudio.com

Angeleaudio.com (OTCBB:AADC) is emerging as a leader in online digital media distribution. As an Internet music archive which features a variety of recording artists, bands, and recording labels, the Angelaudio.com site allows the listener to preview and purchase copyright-protected, digitally watermarked music files with software integrated for the express purpose of calculating and tracking royalties. Songs are downloaded to a hard drive and stored there to be played at anytime. The consumer may also make a copy or record the song to compact disc once from the original file received. CD-Rs are fast replacing the CD-ROM as the preferred drive on computers in today's marketplace.

About Amplified Holdings, Inc.

Amplified Holdings, Inc. is a leading business-to-business online digital media services provider, offering a full suite of services for entertainment companies and retailers selling through the Internet. Amplified specializes in digital media technology, database and DRM services, offering a robust list of services for labels, studios and for destination sites. Amplified also provides fulfillment of CDs, DVDs, Digital Downloads and Custom CDs to most of the Internet's leading retail sites. The Company is privately held, and its owners include Valley Media, Inc. (Nasdaq:VMIX), Bear Stern's Constellation Ventures, Psilos Group, Chase Capital, Noro-Moseley Partners and its employees. Additional information is available at www.amplified.com.

About Liquid Audio

Liquid Audio's software and services supports the digital delivery of music in many leading music formats (Liquid Audio, MP3, WAV, and Audio CD) and codecs. Consumers can also use Liquid(TM) Player software to preview, purchase, download and playback secure, CD-quality music files on many leading portable music players including models from Sony, Sanyo and Toshiba. Liquid Audio, Inc. is a leading provider of software and services for the digital delivery of music over the Internet. The Liquid Audio solution gives musicians, record labels, Web sites and music retailers the ability to publish, syndicate and securely sell recorded music online with copy protection and copyright management. Using the Liquid(TM) Player software, available for free download at www.liquidaudio.com, music fans can preview and purchase downloadable music from the more than 800 affiliate Web sites in the Liquid (TM) Music Network. Traded on Nasdaq under the symbol LQID, Liquid Audio is located in Redwood City, California.

Forward-looking statements in this press release are made pursuant to the "Safe Harbour" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward looking statements involve risks and uncertainties, including, without limitation, the continued popularity of the Company's websites and product orders stemming there from, increased levels of competition, technological change, dependence upon third party suppliers and other risks.