sound load time

I created a button toggle that starts and stops an audio clip. The load time for the sound takes too long. Is there a way I can get the audio to load quickly...streaming? I figured the load time is taking longer because the MP3 clip is embedded. Is there some way to fix this? For example, I have created a page where a user can listen to audio clips and I used M3U files, which downloads immediately and starts playing the actual MP3 file, but that is with HTML and not Flash. Is there something similar I can do within Flash?

Here is the code for the button toggle to play the audio clip in Flash:
bgSound = new Sound(this);
bgSound.attachSound("sound1");
bgSound.start(0, 99);
stopB._visible=false;
stopB.onRelease = function() {
bgSound.start(0, 99);
playB._visible=true;
stopB._visible=false;
};
playB.onRelease = function() {
bgSound.stop();
playB._visible=false;
stopB._visible=true;
};
stop();

Referring URL:
http://www.dwayneepps.com/MHM/index.htm

I appreciate any help! Thanks in advance.
-Dman100-