audiohighway.com (AHWYQ.PK)

audiohighway.com is an online information and entertainment company which has developed a large and diverse library of audio content available free to the public on the Internet. The Company is implementing a second-generation business model that combines compelling content and e-commerce into an integrated Web platform. The Company facilitates consumption of audio and video in one of three ways: a pre-programmed "channel" format, which offers convenient access to a broad range of content; individual selection, which allows users to browse through the content library and listen to their personally-selected choices; and the Company's My JukeBox product, which allows users to "roll their own" digital audio/video programming via an easy point-and-click management system. In January 2001, the Company filed a voluntary petition for relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Northern District of California in San Jose, California.

For the nine months ended 9/30/00, revenues rose 93% to $2 million. Net loss rose 77% to $12 million. Revenues reflect higher e-commerce and advertising sales. Net loss reflects increased S/G/A expenses due to additional staff.