September 1, 2004
Source: XM Satellite Radio
WASHINGTON, Sept. 1 /PRNewswire-FirstCall/ — XM Satellite Radio (NASDAQ:XMSR) , the nation’s leading provider of satellite radio with more than 2.1 million subscribers, today announced that Audi, one of the world’s leading automobile manufacturers, will offer XM Radio as a factory-installed feature on Audi A8 and Audi TT models for the 2005 model year.
The Audi models with factory-installed XM will come with a 90-day trial subscription to the XM service, which offers more than 130 digital radio channels of commercial-free music and premier news, sports, talk, and entertainment programming from coast to coast. XM subscribers pay a monthly fee of $9.99
In addition to offering factory-installed XM Radio on A8 and TT models, Audi offers XM as a dealer-installed feature on its A4, S4, A6, RS, A8, and allroad quattro models.
Customers can now place orders for the 2005 Audi models with factory- installed XM at Audi dealerships across the continental U.S. The models will start arriving at dealerships this month.
“We are very pleased to announce that Audi is expanding the number of models that offer XM Radio,” said Hugh Panero, President and CEO of XM Satellite Radio. “We look forward to providing XM’s critically-acclaimed programming and exceptional sound quality to A8 and TT customers.”
About XM Satellite Radio
XM Satellite Radio is America’s #1 satellite radio service with more than 2.1 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City and Nashville, Tennessee at the Country Music Hall of Fame, XM’s 2004 lineup includes more than 130 digital channels of choice from coast to coast: 68 commercial-free music channels, featuring hip hop to opera, classical to country, bluegrass to blues; more than 40 channels of premier sports, talk, comedy, children’s and entertainment programming; and 21 channels of the most advanced traffic and weather information for major metropolitan areas nationwide. Affordable, compact and stylish XM satellite radio receivers for the home, the car, the computer and boom boxes for “on the go” are available from retailers nationwide. In addition, XM is available in more than 80 different 2004 car models. XM is a popular factory-installed option on more than 40 new General Motors models, as well as a standard feature on several top-selling Honda and Acura models. Passengers on JetBlue Airways and AirTran Airways will be able to listen to XM’s programming in- flight later in 2004. This fall, XM will offer XM NavTraffic, a new service that will provide real-time traffic information for vehicle navigation systems. For more information about XM, visit http://www.xmradio.com/.
Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio’s service, XM’s dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.’s Form 10-K filed with the Securities and Exchange Commission on 3-15-04. Copies of the filing are available upon request from XM Radio’ s Investor Relations Department.