audiohighway.com Agrees to Merge With Shannon Technologies, Inc.

    CUPERTINO, Calif., March 29 audiohighway.com
(OTC: AHWYQ), today announced it has agreed to the terms of a Merger Agreement
with Shannon Technologies, Inc., a Seattle-based provider of advanced
electronics manufacturing and distribution services.
    Under the terms of the proposed transaction, Shannon Technologies, Inc.
will merge with and into audiohighway.com in an all-stock transaction.  Upon
consummation of the merger, the shareholders of Shannon Technologies, Inc.
will own approximately ninety percent (90 %) of the issued and outstanding
stock of audiohighway.com.  The proposed merger is subject to shareholder
approval and is scheduled for completion by the end of June 2001.
audiohighway.com will also file a plan of reorganization for approval by the
U.S. Bankruptcy Court.
    The two companies have also signed a letter of intent with an investment
banking firm to provide additional working capital.  The merged company, which
will service the outsourced electronic manufacturing and distribution needs
for the telecommunications, consumer electronics and computer industries,
currently plans to apply for re-listing on the Nasdaq SmallCap market upon
completion of the merger.

    About Shannon Technologies, Inc.
    Shannon Technologies, Inc., is a privately held company which combines
electronic manufacturing expertise with its distribution business.  Shannon
Technologies is a leading provider of advanced electronics manufacturing
services to electronic manufacturers primarily in the telecommunications and
networking, consumer electronics and computer industries.
    Shannon Technologies' strategy is to provide customers with the ability to
outsource, on a global basis, a complete product where it can take
responsibility for supply chain management, assembly, integration, test and
logistics management.  Shannon Technologies provides certain product design
services, including electrical and mechanical, circuit and layout, radio
frequency and test development engineering services.  Shannon Technologies
believes that it has developed specific operational efficiencies by combining
its electronic manufacturing business with a fully integrated and diverse
distribution capability.  Shannon Technologies offers logistics services, such
as materials procurement, inventory management, packaging and distribution
throughout the production process.

    About audiohighway.com
    audiohighway.com was a leading online media destination, offering one of
the internet's largest and most diverse libraries of free audio content.  On
January 10, 2001 audiohighway.com filed a petition for protection from
creditors under Chapter 11 of the Federal Bankruptcy Laws.  audiohighway.com
formerly was traded on the Nasdaq SmallCap Market under the symbol AHWY and
was delisted on March 25, 2001.  The stock is presently traded
Over-the-Counter under the symbol AHWYQ.

    The statements made in this release that are not historical facts contain
forward-looking information that involves risks and uncertainties.  Important
factors that may cause actual results to differ include, but are not limited
to, the willingness of the Bankruptcy court and creditors to approve the plan
of reorganization, approval of the merger by shareholders, the ability to
raise capital in a timely manner, the company's ability to manage growth and
acquisitions of technology or businesses, the effect of economic and business
conditions, and other risks detailed from time to time in audiohighway.com's
filings with the Securities and Exchange Commission.