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Audible to Launch Wireless Division, Invade Europe

Audio content e-commerce firm Audible announced very rosy financial figures for the past quarter, showing a 78 percent increase in revenues and announcing several ambitious new efforts. Audible will open a U.K. division in 2005's second quarter. It will also launch an Audible Wireless service to deliver audio directly to cell phones. An Audible Education division will also launch in that quarter to address both consumer and institutional learning markets. Audible sold $34.4 million in audio content in 2004, clearing a $1.4 million profit.

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