Audible and Rio Audio Partner to Spread the Word; Rio, Karma, Rio Nitrus, and Future Portable Audio Players to Support AudibleReady Technology and the Audible.com Audio Service.

Business Editors/High-Tech Writers

WAYNE, N.J. & SANTA CLARA, Calif.--(BUSINESS WIRE)--March 22, 2004

Audible, Inc. (OTC BB: ADBL) and Rio today announced that the Rio Karma and Rio Nitrus line of portable audio players will join the AudibleReady(R) family of audio devices that support Audible's secure spoken word audio delivery standard. The Rio players will also ship with Audible branding and service offers, and they will be co-marketed as part of a coordinated retail sales strategy due to launch in the third quarter 2004.

At that time, all Rio Karma and Rio Nitrus portable audio players will be compatible with Audible's award-winning audio download service and will support Audible's downloadable audiobooks, audio editions of periodicals and newspapers, public radio programs, language instruction, and educational programming. The compatibility between Rio Audio devices and the Audible Internet audio service will be promoted in the set-up CD-ROM and brochures inside product boxes, preloaded audio samples on all devices, and coordinated point of sale and promotional programs at Rio Audio retailers.

"Audible is considered to be one of the best audio information and entertainment services on the Web, and we are pleased to be offering our Rio customers the ability to experience Audible content alongside their music," said Kevin Brangan, Vice President Product Marketing at Rio Audio. "Our integration of AudibleReady technology means that our Karma and Nitrus players will provide the best spoken word and audiobook experience and also have access to audible.com's 40,000 hours of programming."

"This agreement with our fellow digital audio pioneers at Rio represents a major step forward for Audible's AudibleReady device strategy," said Foy Sperring, Senior Vice President, Strategic Alliances, Audible, Inc. "This strategic agreement comes at a time of intense growth and increased consumer acceptance of digital audio devices and digital audio delivery. Audible offers listeners the best spoken audio programming, as well as a standard for securing, distributing, and listening to spoken word content. Rio constantly justifies the power of its brand with the cutting edge design and utility of its diverse line of MP3 players. This agreement represents a milestone for Audible and is very significant for consumers who are discovering the power and convenience of the digital audio download experience."

About Audible.com:

Audible.com, recently named the best consumer Web service by CNet.com (April 2003), and one of the "Best of Today's Web" by PC World (August 2002) features daily audio editions of The Wall Street Journal and The New York Times -- available on a subscription basis in time for the morning drive to work each day--as well as Forbes, Harvard Business Review, Scientific American and Fast Company. The site offers a powerful collection of audiobook best sellers and classics by authors such as Tom Clancy, Stephen King, John Grisham, Janet Evanovich, James Patterson, the Dalai Lama, David McCullough, Stephen Hawking, William Shakespeare, Emily Dickinson, and Jane Austen. There are also speeches, lectures, and on-demand radio programs including Marketplace, All Things Considered, Car Talk, Fresh Air, and This American Life, and original shows such as [e-mail]. All of the programs at audible.com are available for computer-based playback, burning to audio CD, and on-the-go listening using numerous AudibleReady(R) portable digital audio players offered by leading consumer electronics and computer manufacturers.

About Rio Audio:

Rio Audio, a D&M Holdings Inc. company, pioneered portable digital audio technology in 1998, with the launch of the Rio 300. Since then, Rio has become the world's number one brand of portable MP3 players by developing a host of award-winning portables that let music lovers take their music with them wherever they go. For more information regarding Rio, or to purchase a Rio digital audio player, please visit www.rioaudio.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 and playback on personal computers, CD or AudibleReady(R) computer-based mobile devices. Audible has more than 34,000 hours of audio programs and 135 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., Casio Inc., Handspring, Hewlett-Packard Company, Microsoft Corporation, Palm, Inc., Royal Philips Electronics, RealNetworks, Inc., Sony Electronics, Texas Instruments, and VoiceAge Corp.

Audible, www.audible.com, Audible Otis, AudibleListener, and AudibleReady are registered trademarks 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.