MEDIA BAY (MBAY)

[Hilander]

MediaBay Receives Nasdaq Staff Determination Letter:

September 15, 2006
MediaBay Receives Nasdaq Staff Determination Letter
CEDAR KNOLLS, N.J., Sept. 15 /PRNewswire-FirstCall/ -- MediaBay, Inc. (the "Company") (Nasdaq: MBAY), on September 13, 2006, received notice from The Nasdaq Stock Market indicating that the Company's common stock will be delisted from the Nasdaq Global Market on September 22, 2006, due to the Company's failure to comply with the $10,000,000 stockholders' equity requirement for continued listing on the Nasdaq Global Market set forth in Marketplace Rule 4450(a)(3). At that time, the Company expects that its common stock will trade on the NASD Over the Counter Bulletin Board.

About MediaBay Inc.

MediaBay Inc. (Nasdaq: MBAY - News) is a digital media and publishing company specializing in spoken word and premium audio entertainment. For more information on MediaBay, please visit http://www.soundsgood.com, http://www.mediabay.com, http://www.radiospirits.com and http://www.radioclassics.com.

SOURCE MediaBay, Inc.
-0- 09/15/2006
/CONTACT: Tim Clemensen, Rubenstein Investor Relations, [phone],
[e-mail], for MediaBay, Inc./
/Web site: http://www.mediabay.com /
(MBAY)

CO: MediaBay, Inc.; Nasdaq Stock Market
ST: New Jersey
IN: ENT MLM PUB BKS CPR
SU:

RM
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3694 09/15/2006 16:05 EDT http://www.prnewswire.com