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.