January 17, 2002
AMI Auto World has named XM Satellite Radio, America's first nationwide digital satellite radio service, as one of the best new car options in its "Best of 2002" issue, on newsstands now.
Hailing XM as "the much-anticipated system" offering 100 digital-quality, virtually commercial-free channels, the editors wrote: "If you've ever driven 424 miles across Kansas on Interstate 70 listening to farm reports . . . well, need we say more?"
AMI Auto World Magazine is a monthly consumer-oriented magazine that reports on the latest affordable new cars, used car bargains and the wide range of lifestyle issues and accessories that make up the modern automotive experience. Based in Boca Raton, Fla., it is distributed nationally through newsstands and mail subscriptions to more than 250,000 readers.
General Motors in November rolled out factory-installed XM radios in Cadillac DeVille and Seville models, and announced this week that it will expand to 21 more models this year, comprising nearly half of all GM models.
XM was named "Product of the Year" by Fortune, an "Invention of the Year" by Time and won Popular Science's 2001 "Best of What's New" Grand Award in the electronics category. XM won several awards at the 2001 CES, including "Best of CES" in the automotive category.
XM (Nasdaq: XMSR) is transforming radio, an industry that has seen little technological change since FM, almost 40 years ago. XM's programming lineup features 100 coast-to-coast digital channels: 71 music channels, more than 30 of them commercial-free, from hip hop to opera, classical to country, bluegrass to blues; and 29 channels of sports, talk, children's and entertainment. XM also brings to the car, for the first time on radio, the same diverse selection of 24-hour news sources available in the home on cable and DIRECTV.
XM radios are available at major electronics retailers nationwide including Best Buy, Circuit City, Tweeter, Ultimate Electronics, participating RadioShack Dealers and Franchisees, Crutchfield, Good Guys, CarToys, Audio Express and Sound Advice; and at independent retailers. Leading manufacturers such as Sony, Alpine and Pioneer offer a broad array of XM radios including models that will easily enable any existing car stereo system to receive XM service (the Pioneer Universal Receiver and the Sony Plug-and-Play) and over 20 models of new AM/FM/XM systems offering many other great features. XM's strategic investors include America's leading car, radio and satellite TV companies -- General Motors, American Honda Motor Co. Inc., Clear Channel Communications and DIRECTV. For more information, please visit XM's web site: www.xmradio.com.
Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include uncertainties associated with demand for the company's service, the company's dependence on third party vendors, its continuing need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 8-K filed with the Securities and Exchange Commission on 12-6-2001. Copies of the filing are available upon request from XM Radio' s Investor Relations Department.