Dual Electronics to Offer XM Radio-Ready Car Stereo Products

HEATHROW, Fla. and WASHINGTON, May 4, 2004 -- Dual Electronics today announced it will offer Dual car stereo products that are compatible with XM Satellite Radio , the nation's leading provider of satellite radio.

(Logo: http://www.newscom.com/cgi-bin/prnh/20000724/XMSATLOGO )

"The combination of XM Radio's extensive commercial-free programming, impeccable technology, and overall business model makes it the perfect partner for Dual," said Jim Braun, President of Dual Electronics Corporation. "The availability of XM Radio for select Dual car products will continue to enhance the value of the brand, while giving our retailers and end-users the quality and high value they have come to expect from Dual."

Dual will introduce car stereo head units compatible with the XM Direct tuner box during the third quarter of 2004 with product shipments reaching retailers in time for the holiday selling season. Pricing will be announced prior to shipping. In one short year, Dual has achieved more than 5 percent market share in car stereo products.

"Dual's success in consumer electronics, particularly mobile audio, can be traced to the company's dedication to providing its customer base with innovative, top performing, high-quality products, which perfectly complements XM's commitment to giving our listeners the best programming and the best sound quality in satellite radio," said Dan Murphy, Senior Vice President, Product Marketing and Distribution, XM Satellite Radio.

About Dual

Dual Electronics, a subsidiary of Namsung America, Inc., is based in Heathrow, FL. Managed by Jim Braun, President and CEO; Clyde Podraza, Executive Vice President of Marketing and Sales; and Matt Vinson, Senior Vice President of Product Planning and Procurement, Dual offers a wide selection of mobile electronics, marine electronics, and home audio loudspeakers, and will soon market an extensive line of consumer televisions and DVD+R recorders.

About XM Satellite Radio

In the fall of 2001, XM Satellite Radio pioneered the introduction of satellite radio in the U.S. Today, XM is America's #1 satellite radio service with more than 1.68 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 120 digital channels of choice from coast to coast: 68 commercial-free music channels, featuring hip hop to opera, classical to country, bluegrass to blues; 34 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.

For more information about XM, visit http://www.xmradio.com/.

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