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Wednesday June 11, 12:00 am ET

Modavox Cites Recent Wall Street Journal Findings on Internet Radio Growth

Internet Radio Noted as Fastest Growing Web Site Category from April 2007 to April 2008 with a 76% Increase in Traffic and 62.4 Million Unique Monthly Visitors

PHOENIX - Modavox, Inc. (OTCBB:MDVX - News), Internet broadcasting pioneer, holder of several patented technologies and the leading producer and distributor of online talk radio content, today cited a recent Wall Street Journal piece listing Internet Radio as the fastest growing web site category. The Wall Street Journal listed “Radio”, as having a total 62.4 million unique visitors for the month of April, a 76% year over year increase.    

Modavox is the leading producer and distributor of online talk radio content, streaming over 300 hours of live programs and scheduled replays weekly on its VoiceAmerica™ Network (www.voiceamerica.com) and its World Talk Radio Network™ (www.worldtalkradio.com). Modavox previously released that for the months of January and February 2008, the company had an average in excess of 5 million unique visitors to the company’s sites and on their patented advertising platform.

Jeff Spenard, Modavox President of Networks stated, “It’s nice to see internet radio shown to be on the forefront of internet traffic growth. Together with our partner network VoiceAmerica™ - we are now the single largest producer of Internet talk radio programming in the world. Modavox's patented BoomBox™ technology provides show hosts with instant broadcasting capabilities from their own websites and instant syndication through affiliate sites. Modavox provides complete production, delivery, and on-demand archive delivery for VoiceAmerica™ and World Talk Radio™ hosts. In addition, Modavox assists in the creation of sponsorship, advertising and advanced distribution models for Network programming.”

David J. Ide, Chief Executive Officer for Modavox stated, “We’re clearly encouraged by the Wall Street Journals figures depicting Internet Radio as the fastest growing web site category. We’ve long believed we were ahead of this growth trend being an innovator in the space. In this day and age where content is king and online advertisers are seeking to increase their return on investment for their online ad spending, through means such as targeted and behavioral advertising, it’s important to note that not only do we have a patented advertising platform that provides those features, but our Internet radio audience is primarily niche oriented. As stated previously, our typical internet radio user is indicated to stay online an average of 15-20 minutes, makes this audience potentially very ripe for online advertisers to monetize.

Lastly, considering the multitude of completed acquisitions in the space that could serve as potential comparables for valuing our various assets, including our unique visitors and our patented intellectual property, we believe we are well positioned for the future. We will continue to work diligently on behalf of our shareholders while thoroughly evaluating all opportunities that may enhance shareholder value.”        

About Modavox
Modavox, Inc. is a pioneer in Internet broadcasting, producing and syndicating online audio and video, offers innovative, effective and comprehensive online tools for reaching targeted niche communities worldwide. Through patented Modavox technology, Modavox delivers content straight to desktops and Internet-enabled devices. Modavox provides managed access for live and on-demand Internet Radio Broadcasting, E-learning and Rich Media Advertising.  More information about Modavox can be found at www.modavox.com

Forward-Looking Statements
This release contains "forward-looking statements" for purposes of the Securities and Exchange Commission's "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995 and Rule 3b-6 under the Securities Exchange Act of 1934. These forward-looking statements are subject to various risks and uncertainties that could cause Modavox's actual results to differ materially from those currently anticipated, including the risk factors identified in Modavox's filings with the Securities and Exchange Commission.

 

Contact:
C&H Capital, Inc.
Jason Assad,
678-570-6791 (Investors)

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