ATX Postpones Plans for Initial Public Offering

IRVING, Texas--July 28, 2004--Citing adverse market conditions, ATX Group, Inc., today announced that its Board voted to withdraw its initial public offering (IPO).

"ATX remains committed to delivering value to our existing shareholders. Because ATX is in a solid financial position and is not in need of additional capital, our Board saw no compelling reason to effectuate the offering in the current market," said Steve Millstein, ATX president and chief executive officer.

"There simply is too much uncertainty in the market right now, particularly when evaluated as part of the technology sector," Millstein added.

ATX is the largest independent (not owned by an automobile manufacturer) 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 telematics-equipped automobile and the company's response center.

ABOUT ATX: Based in Dallas-Fort Worth, Texas, and Dusseldorf, Germany, ATX is the world's largest independent (not owned by an automobile manufacturer) provider of telematics services for the automobile industry, serving both North America and Western Europe. ATX telematics services are designed to provide enhanced safety, security and driving convenience to vehicle owners. These services include location-specific emergency and roadside assistance, automatic collision notification, stolen vehicle recovery, remote diagnostics and real-time traffic and navigation assistance. ATX also provides telematics services designed to help automobile manufacturers and their affiliated dealerships to use telematics data to reduce costs, enhance vehicle servicing, and more closely manage customer relationships. ATX services are provided to vehicle owners through the brand names of its customers -- Mercedes-Benz, BMW, Maybach, and Rolls-Royce Motor Cars.