Audible, Inc. Named One of New Jersey's Fastest Growing Technology Companies in the Deloitte & Touche "Fast 50" Program.

Business & High Tech Editors

WAYNE, N.J.--(BUSINESS WIRE)--Aug. 15, 2002

Audible Attributes Award to its 15,000 Percent Growth

Over a 5-Year Period

Audible(R), Inc. (NASDAQ: ADBL) has been named to Deloitte & Touche's prestigious "Technology Fast 50" Program for New Jersey, a ranking of the 50 fastest growing technology companies in the area.

Rankings are based on the percentage of growth in fiscal year revenues from 1997-2001 (five-year period). Audible is the leading provider of downloadable spoken audio that informs and entertains anywhere and at anytime with audio editions of books, newspapers, magazines, radio programs and original shows.

"To rank on the Deloitte & Touche Technology Fast 50, companies must have phenomenal revenue growth in a five-year period," stated Ray Lewis, a partner with Deloitte & Touche's Technology, Media and Telecommunications practice in New Jersey. "Audible, Inc. has proven to be one of the fast-growth success stories in New Jersey, and we applaud their success and vision."

Audible, Inc.'s CEO Donald Katz credits a unique business model and unwavering focus on customer satisfaction with the company's 15,000 percent revenue growth from 1997-2001.

"By leveraging the efficiencies of distribution via the Internet, Audible.com has emerged as the leading source for downloadable spoken word audio," Katz said. "Almost 6,000 audiobooks, subscriptions to audio versions of periodicals such as The New York Times, Forbes, Fast Company and public radio shows such as Marketplace, coupled with the AudibleListener(TM) flat-rate monthly membership plans, empowers the listener to take control of those times during the day when one can't read but can listen. At its simplest, Audible is a time management tool for taking back valuable reading time during one's busy day."

Audible's increase in revenues of 15,000 percent from 1997 to 2001 resulted in a 6th ranking overall in the Fast 50 for New Jersey. The average increase in revenues among companies who made the Fast 50 for this region was 794 percent.

To qualify for the Fast 50, companies must have had operating revenues of at least $50,000 in 1997 and $1,000,000 in 2001, must be public or private companies headquartered in New Jersey, and be "technology companies," defined as companies that own proprietary technology which contributes to a significant portion of the company's operating revenues or devotes a high percentage of effort to research and development of technology.

Winners of the 20 regional Technology Fast 50 programs in the United States and Canada are automatically entered in the Deloitte & Touche Technology Fast 500 program, which ranks North America's top 500 fastest growing technology companies. For more information on the Deloitte & Touche Fast 50 or Fast 500 programs, visit www.fast500.com.

About Audible, Inc.

Audible(R) (www.audible.com(R)) is the Internet's largest, most diverse provider of premium spoken audio services for content download or playback on personal computers or AudibleReady(TM) computer based mobile devices. Audible has more than 34,000 hours of audio programs and 125 content partners that include leading audiobook publishers, broadcasters, entertainers, magazine and newspaper publishers and business information providers. Audible.com is Amazon.com's (www.amazon.com) exclusive provider of spoken word products for downloading or streaming via the Web. Additionally, the Company is strategically aligned with Random House, Inc., to pioneer the first-ever imprint to produce spoken word content specifically suited for digital distribution, Random House Audible. Among the Company's key business partners are Apple Corp., Card Access Inc., Casio Inc., Compaq Computer Corporation, Handspring, Hewlett-Packard Company, Microsoft Corporation, Royal Philips Electronics, RealNetworks, Inc., SONICblue Incorporated's Rio Audio Group, Sony Electronics, Texas Instruments and VoiceAge Corp.

About Deloitte & Touche

Deloitte & Touche, one of the nation's leading professional services firms, provides assurance and advisory, tax, and management consulting services through nearly 30,000 people in more than 100 U.S. cities. The firm is dedicated to helping its clients and its people excel. Known as an employer of choice for innovative human resources programs, Deloitte & Touche has been recognized as one of the "100 Best Companies to Work For in America" by Fortune magazine for five consecutive years. Deloitte & Touche refers to Deloitte & Touche LLP and related entities. Deloitte & Touche is the US national practice of Deloitte Touche Tohmatsu. Deloitte Touche Tohmatsu is a Swiss Verein, and each of its national practices is a separate and independent legal entity. For more information, please visit Deloitte & Touche's web site at www.deloitte.com/us. For more information on the Technology Fast 50 and Fast 500 programs, please visit www.fast50.com.

Audible, www.audible.com and AudibleReady are registered trademarks of Audible, Inc.; AudibleListener is a trademark of Audible, Inc. and all are part of the family of Audible, Inc. trademarks.

Other product or service names mentioned herein are the trademarks of their respective owners.

This press release contains information about Audible, Inc. that is not historical fact and may be deemed to contain forward-looking statements about the company. Actual results may differ materially from those anticipated in any forward-looking statements as a result of certain risks and uncertainties, including, without limitation, Audible's limited operating history, history of losses, uncertain market for its services, and its inability to license or produce compelling audio content and other risks and uncertainties detailed in the company's Securities and Exchange Commission filings.