National, April 12, 2000 -- As we work to revitalize our neighborhoods, I am delighted to welcome XM Satellite Radio and the economic development and employment opportunity it will foster in Northeast Washington.
XM Satellite Radio's new state-of-the-art production studios will be a welcome addition to the District's growing technology sector. This is one more sign that the District is emerging as a center for the technological revolution that is defining the "New Economy."
We are proud that this new medium of information and entertainment is taking root here in our Nation's Capital, and we hope other innovative, up-and-coming businesses will follow XM's lead and locate here in the District of Columbia.
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 Inc.'s Form 8-K filed with the Securities and Exchange Commission. Copies of the filing are available upon request from XM Radio' s Investor Relations Department.