Audi to Offer XM on Nine 2004 Models Beginning This Summer
WASHINGTON, April 15 -- XM Satellite Radio today announced that Audi will offer XM as an option on the following 2004 models beginning later this summer:
* Audi A4, Audi A4 Avant, Audi A4 Cabriolet
* Audi S4, Audi S4 Avant
* Audi A6, Audi A6 Avant
* Audi allroad quattro
* Audi A8 L
"XM is pleased to make its service available on such an impressive array of 2004 Audi models," said Hugh Panero, XM President and CEO. "Audi customers will soon be able to join the more than one-half million XM subscribers who enjoy XM's critically acclaimed programming each day."
XM Satellite Radio will have its products on display at Booth 11 in the Crystal Palace at the New York International Auto Show from April 18-27, 2003.
About XM Radio
XM is America's #1 satellite radio service. Having exceeded the one-half million subscriber mark, XM is on pace to have more than 1 million subscribers later this year. Whether in the car, home, office or on the go, XM's loyal listeners enjoy 101 digital channels of choice: 70 music channels (more than 35 of them commercial-free) from hip hop to opera, classical to country, bluegrass to blues; and 31 channels of premiere sports, talk, comedy, children's and entertainment programming.
XM's strategic partners are leaders in the automotive, retail, consumer electronics and media industries. Currently available on 25 of General Motors' 2003 models, XM will be featured on 44 of GMs most popular models beginning later this year. In addition to GM, Honda, Toyota, Isuzu, Infiniti and Nissan, Audi and Volkswagen plan to offer XM to their customers. Consumers also can purchase XM's leading-edge car, home and portable audio receivers, including the critically-acclaimed Delphi XM SKYFi Radio, at Wal- Mart, Best Buy, Circuit City and other major retailers nationwide. XM's strategic investors include General Motors, American Honda Motor Co. Inc., Clear Channel Communications, DIRECTV and The Hearst Corporation.
XM, headquartered in Washington, DC, has more information available at 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 the company's service, the company's dependence on 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 3-31-2003. Copies of the filing are available upon request from XM Radio's Investor Relations Department.
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