Telematics Provider ATX Files Form S-1 Registration

DALLAS and FORT WORTH, Texas, March 9 -- ATX Technologies, Inc. today announced that it has filed a registration statement on Form S-1 with the Securities and Exchange Commission ("SEC") relating to a proposed initial public offering of shares of common stock of its newly organized holding company, ATX Group, Inc. The offering remains subject to a number of conditions, including the circulation of a preliminary prospectus and the declaration by the SEC of the effectiveness of the Company's registration statement relating to the offering.

The underwriters for the offering are Citigroup Global Markets Inc., J.P. Morgan Securities Inc., Piper Jaffray & Co. and SG Cowen Securities Corporation.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any State in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such State.

A copy of the prospectus relating to these securities may be obtained when available from Citigroup, Brooklyn Army Terminal, 140 58th Street, 8th floor, Brooklyn, New York 11220 (tel: 718-765-6732).

ATX is the leading independent provider of telematics services for the automotive industry. ATX serves markets in both North America and Western Europe. The Company's telematics services are provided through the two-way communication of voice and data between a subscriber's automobile and the Company's response center.

All statements in this press release other than statements of historical facts are "forward-looking statements." These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks and uncertainties that could cause actual results to differ from those contained in the forward-looking statements. A discussion of the factors that could cause results to differ materially is included in ATX's Form S-1 filed with the SEC.