National, October 16, 2000 -- XM announced that the Washington, DC Metro Police Department's Central Regional Operations Command (ROC-Central) will move into office space provided at XM's headquarters located at 1500 Eckington Place NE, in Ward 5. The ROC-Central is expected to start moving into its new facility later this month and is scheduled to be fully operational by mid-November.
"We believe the increased police presence in the area will accelerate the economic transformation of the neighborhood which is already in high gear and reaffirms our dedication to this community," said XM's President/CEO, Hugh Panero.
ROC-Central, currently located at 501 New York Avenue, NW, is commanded by Regional Assistant Chief William McManus, who has been with the department for more than 25 years. The office is responsible for managing and coordinating crime fighting efforts throughout the First, Third and Fifth police districts. The ROC oversees district operations, as well as crime analysis, budget and administrative responsibilities.
"Relocating the ROC-Central is part of an ongoing effort to place our operational units in the heart of the communities they serve," said Chief of Police Charles Ramsey. The Metropolitan Police Department looks forward to serving with XM and others as an anchor in rebuilding this neighborhood," said Ramsey.
Mayor Anthony Williams added, "XM Satellite Radio's move created an opportunity for us to improve city services by moving this Metropolitan Police Department operation into our neighborhoods. As with the relocation of the Department of Motor Vehicles to Georgia Avenue, we're making sure that our residents have easy access to city services where they live and work."
The relocation of the ROC-Central is but another demonstration of the revitalization of this area of the nation's capitol. The DC government and a Detroit developer have reached an agreement to build the district's first new major retail center in decades. The complex is expected to include retail giants such as Home Depot, Kmart and Giant Food and will be located at nearby Brentwood Road, NE.
DC Council Member Vincent Orange (D-Ward 5) said, "XM Satellite Radio is exercising its corporate social responsibility by offering space to DC police which will ensure a safer community. I hope that other firms moving into the technology district follow XM's lead and find positive ways to exhibit their commitment to the community."
XM Satellite Radio is developing a new band of radio: up to 100 national channels of digital-quality programming broadcast directly to car, truck, home, portable radios coast to coast in 2nd quarter 2001 for a monthly subscription fee of $9.95.
Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include uncertainties associated with the launch of our satellites, 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 S-1 filed with the Securities and Exchange Commission on 9-7-00. Copies of the filing are available upon request from XM Radio's Investor Relations Department.