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BW: Internet Partnership Group Tunes Into PenguinRadio

Jun 26, 2000, 21:38 (0 Talkback[s])

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"PenguinRadio and Internet Partnership Group announced today that they have reached agreement on a substantial equity investment in connection with a wide-ranging deal to develop next generation Internet radio and other audio services."

"PenguinRadio is developing Linux-based Internet appliances that allow people to listen to thousands of Internet audio feeds with or without a PC."

"The deal with Internet Partnership Group is a great fit for PenguinRadio. In addition to providing the capital we need to expand our business, it gives us access to their wealth of proprietary Internet sports content and global technological support from their Fast Growth Technology Partners," said Andrew Leyden, CEO of PenguinRadio."

Press Release