Sonicbox Acquires StreamQuest

Sonicbox, Inc. has announced the acquisition of StreamQuest, developer of
stand-alone streaming audio devices, which holds intellectual property and
patent filings pertaining to Internet radio.

The company also announced that StreamQuest’s founder, Jonathan
Sass, has joined the Sonicbox team as vice president of Business Development. No other terms of the deal were disclosed.

Some of StreamQuest’s patents relating to
Internet Radio hardware and services have already been incorporated into the
previously announced Sonicbox imBand Tuning Modules for stand-alone Web radio
appliances. StreamQuest also brings to Sonicbox the trademark of imRadio,
reinforcing the existing Sonicbox trademarks of Internet Modulation, IM and
imBand.

“StreamQuest’s innovative technologies and personnel greatly enhance our
ability to bring Internet radio to the masses,” says Niko Bolas, President of
Sonicbox. “Jonathan Sass is known throughout the industry as an expert in
Internet technology and streaming audio. We’re pleased to have him become a
part of the Sonicbox team.”

Sonicbox imBand Tuning is a combination of hardware, software and services,
which listeners use to find stations from across the globe, add in their own
favorite stations and play lists, find out more about the music they hear,
buy music they like, and tell stations what they think of their content.