SIRIUS SATELLITE RADIO TO BE FEATURED IN NEW DODGE DURANGO
SIRIUS to be Available as Factory Installed Option on All New Durango SUVs
NEW YORK - October 29, 2003- SIRIUS (NASDAQ: SIRI), known for delivering the very best in commercial-free music and premium broadcast entertainment to cars and homes across the country, today announced that DaimlerChrysler's all new 2004 Dodge Durango will feature SIRIUS Satellite Radio as a factory-installed option beginning in November.
"This is very exciting for SIRIUS, and reaffirms DaimlerChrysler's commitment to installing our satellite radio systems in more of their vehicles," said Doug Wilsterman, Senior Vice President of OEM Automotive for SIRIUS. "We are very pleased to be part of what we believe will be the successful introduction of the new, redesigned Durango."
The new Dodge Durango is 7 inches longer, 3 inches taller and 3 inches wider that previous models. It is the largest SUV Dodge sells, but will be smaller and more fuel-efficient than the biggest SUVs on the market, according to DaimlerChrysler. It will, however, offer competitive cargo space.
All purchasers of the new Dodge Durango will be able to order SIRIUS as a factory-installed option for $325. Access to SIRIUS' 60 commercial-free music streams and more than 40 news, sports and entertainment streams costs $12.95 per month, with discounts for up-front payments of a year or more. SIRIUS also offers a lifetime subscription to its service for $399.
SIRIUS is the only satellite radio service bringing listeners more than 100 streams of the best music and entertainment coast-to-coast. SIRIUS offers 60 music streams with no commercials, along with over 40 world-class sports, news and entertainment streams for a monthly subscription fee of only $12.95, with greater savings for upfront payments of multiple months or a year or more. Stream Jockeys create and deliver uncompromised music in virtually every genre to our listeners 24 hours a day. Satellite radio products bringing SIRIUS to listeners in the car, truck, home, RV and boat are manufactured by Kenwood, Panasonic, Clarion and Audiovox, and are available at major retailers including Circuit City, Best Buy, Car Toys, Good Guys, Tweeter, Ultimate Electronics, Sears and Crutchfield. SIRIUS is the leading OEM satellite radio provider, with exclusive partnerships with DaimlerChrysler, Ford and BMW. Automotive brands currently offering SIRIUS radios in select new car models include BMW, MINI, Chrysler, Dodge, Jeep®, Nissan, Infiniti, Mazda, Audi, Ford and Lincoln-Mercury. Automotive brands that have announced plans to offer SIRIUS in select models include Mercedes-Benz, Jaguar, Volvo, Volkswagen, Land Rover and Aston Martin. Genmar Holdings, the world's largest manufacturer of recreational boats, Formula Boats and Winnebago, the leading supplier of recreational vehicles and motor homes, have also announced plans to offer SIRIUS.
Click on www.SIRIUS.com to listen to SIRIUS live, or to find a SIRIUS retailer or car dealer in your area.
Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, future events or performance with respect to SIRIUS Satellite Radio Inc. are not historical facts and may be forward-looking and, accordingly, such statements involve estimates, assumptions and uncertainties which could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in our Annual Report on Form 10-K for the year ended December 31, 2002 filed with the Securities and Exchange Commission. Among the key factors that have a direct bearing on our results of operations are: our dependence upon third parties to manufacture, distribute, market and sell SIRIUS radios and components for those radios; the unproven market for our service; our competitive position and any events which affect the useful life of our satellites.