Bookmarking an audio file

[Xee]

I'm currently recording all the lectures in my accounting class and would like to post them on a website for other students to listen to once I get the prof's approval. Right now I'm looking for a way to bookmark specific parts of the audio file so a user can pick and choose what they want to listen to. For example, say the professor talked about "Customer Departmentalization" from 00:02:10 - 00:04:32. A visitor could then click on the "Customer Departmentalization" link and listen to only that portion of the audio.

Anyone have any tips?