Audible, Inc. Promotes Foy Sperring to Senior Vice President of Strategic Alliances.

Business & Technology Editors

WAYNE, N.J.--(BUSINESS WIRE)--May 2, 2001

Audible, Inc. (NASDAQ: ADBL), the leading provider of Internet-delivered spoken audio (www.audible.com(R)) for computer-based listening or mobile playback on AudibleReady(TM) PC-based portable digital audio players, announced today that Foy Sperring has been promoted to senior vice president of Strategic Alliances.

In this newly created position, Mr. Sperring will be responsible for developing and expanding key relationships with strategic business partners, which currently include existing alliances with Microsoft Corporation, Amazon.com and AudibleReady(TM) portable digital device manufacturers.

"As our business grows, it is clear that our strategic alliances are key to Audible's success," stated Thomas Baxter, president and chief executive officer of Audible, Inc. "Foy, with his deep understanding of our business, coupled with his strong background in marketing and technology, makes the ideal executive to take on this assignment for Audible. I expect that his expertise and responsibilities will continue to grow along with our rapidly expanding business."

"I'm looking forward to this new role at a time when Audible's compelling value proposition, not only for consumers but also for our business partners, is gaining a serious foothold in the marketplace," added Mr. Sperring. "I believe that our Internet audio service offers a great opportunity for our existing and future partners to extend value for their businesses and to provide new or expanded revenue streams."

In 1998, Mr. Sperring joined Audible, Inc. as vice president of marketing. In February 2000, Mr. Sperring was appointed to the position of general manager of audible.com and he will continue in that role along with his new responsibilities.

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) PC-based mobile devices. Audible has more than 28,000 hours of audio programs and 165 content partners that include leading audiobook publishers, broadcasters, 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 Casio Inc., Compaq Computer Corporation, Hewlett-Packard Company, Microsoft Corporation, Royal Philips Electronics, RealNetworks, Inc., SONICblue Incorporated's Rio Audio Group, Texas Instruments and VoiceAge Corp.

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

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.