[MOL] Audio Highway IPO [02794] Medicine On Line


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[MOL] Audio Highway IPO



audiohighway.com FILES REGISTRATION STATEMENT FOR INITIAL PUBLIC OFFERING 


CUPERTINO, Calif. (September 22, 1998) -audiohighway.com (formerly, Audio Highway)
announced that it has filed a registration statement with the U.S. Securities 
and Exchange Commission ("SEC") relating to a proposed initial public offering
of its securities. audiohighway.com intends to sell two million units to the
public, each unit consisting of one share of common stock and one five-year 
redeemable warrant to purchase one additional share of common stock at an 
exercise price equal to 150% of the initial public offering price of the units.
The registration statement also covers the sale of up to 300,000 additional units
that the underwriters will have the option to acquire solely to cover over-allotments
in the sale of the units. The offering is being made by audiohighway.com and 
represents new financing for the company. The price at which the units will be 
sold to the public is expected to be between $12 and $15 and will be determined
at the time of the offering by the Company and Paulson Investment Company, Inc., 
the managing underwriter of the offering. The offering is expected to occur in October. 

audiohighway.com is an Internet-based information and entertainment
company which, through its AudioCast System, uses the capabilities of the World 
Wide Web to enable users to download from the Internet and play back selected audio
content, such as audio books, music, timely news programs and other forms of 
information and entertainment. The Company currently has available on its Web
site audio content from such providers as National Public Radio, Newsweek On Air,
Associated Press, Penguin Books USA, ESPN and Compact Classics, among others. 

A copy of the preliminary prospectus relating to the offering is available from 
Paulson Investment Company Inc., Portland, Oregon or by calling 800-433-9045, 
503-243-6000 or by e-mailing a request to mailto:tracy@plccpdx.com. Formed in 1994, 
audiohighway.com is headquartered in Cupertino, California. A registration statement
relating to these securities has been filed with the SEC but has not yet become
effective.These securities may not be sold nor may offers to buy be accepted prior
to the time the registration statement becomes effective. This news release shall
not constitute an offer to sell or the solicitation of an offer to buy nor shall
there be any sale of these securities in any state in which such offer, solicitation
or sale would be unlawful prior to registration or qualification under the securities
laws of any such state. Information contained in the audiohighway.com 
Web site is not to be deemed to be a part of a Prospectus. 


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Paulson Investment Contact Trent Davis, 1-800-433-9045, e-mail: mailto:tracy@plccpdx.com 




Paulson Investment Company, Inc. 
http://www.paulsoninvestment.com
503-243-6035 

# # #

Audio Highway, Listen Up and AudioWiz are all trademarks of Audio Highway.
http://www.audiohighway.com
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