SIRIUS Satellite Radio Signs Agreement With Sprint
NEW YORK, June 14, 2005 /PRNewswire-FirstCall via COMTEX/ -- SIRIUS Satellite Radio (Nasdaq: SIRI) today announced an agreement with Sprint (NYSE: FON) to offer select SIRIUS Satellite Radio programming. Some of the music channels being evaluated by Sprint and SIRIUS for the new service include new hits, classic rock, hip-hop, country, blues and soul to jazz and Broadway's best music. The new Sprint service will be available nationwide, and both companies plan to announce more specifics of the service, as well as the price later this year.
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"Our exceptional programming is the primary force behind the rapidly growing success of SIRIUS, and we are excited about this venture with Sprint," said Scott Greenstein, SIRIUS President of Entertainment and Sports. "One of our goals is to make this unique content available to as many Sprint PCS Vision(SM) customers as we can, over as many multimedia devices as possible."
SIRIUS delivers more than 120 channels of the best commercial-free music, compelling talk shows, news and information, and the most exciting sports programming to listeners across the country in digital quality sound. SIRIUS offers 65 channels of 100% commercial-free music, and features over 55 channels of sports, news, talk, entertainment, traffic and weather for a monthly subscription fee of only $12.95. SIRIUS also broadcasts live play-by-play games of the NFL and NBA, and is the Official Satellite Radio partner of the NFL.
SIRIUS radios for the car, truck, home, RV and boat are manufactured by Alpine, Audiovox, Blaupunkt, Clarion, Delphi, Jensen, JVC, Kenwood, Pioneer, Sanyo and XACT Communications. Available in more than 25,000 retail locations, SIRIUS radios can be purchased at major retailers including Best Buy, Circuit City, Crutchfield, Office Depot, Sears, Target, Wal-Mart and RadioShack. SIRIUS is also available at heavy truck dealers and truck stops nationwide.
SIRIUS radios are currently offered in vehicles from Audi, BMW, Chrysler, Dodge, Ford, Infiniti, Jeep(R), Lexus, Lincoln-Mercury, Mazda, Mercedes-Benz, MINI, Nissan, Scion, Toyota, Porsche, Volkswagen and Volvo. Hertz currently offers SIRIUS at major locations around the country.
Click on http://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, 2004 filed with the Securities and Exchange Commission. Among the key factors that have a direct bearing on our operational results are: our dependence upon third parties, including manufacturers of SIRIUS radios, retailers, automakers and programming partners, our competitive position and any events which affect the useful life of our satellites.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION This news release includes certain estimates, projections and other forward-looking statements. Future performance cannot be ensured. Actual results may differ materially from those in the forward-looking statements. The words "estimate," "project," "intend," "expect," "believe" and similar expressions are intended to identify forward-looking statements. You should not place undue reliance on forward-looking statements, which speak only as of the date of this news release. Sprint is not obligated to publicly release any revisions to forward-looking statements to reflect events after the date of this news release or unforeseen events. Sprint provides a detailed discussion of risk factors in their periodic SEC filings.
G-SIRI Contacts: Jim Collins Media 212-901-6422 email@example.com Michelle McKinnon Analysts 212-584-5285 firstname.lastname@example.org Jaymie VanValkenburgh Investors 212-584-5158 email@example.com
SOURCE SIRIUS Satellite Radio
Jim Collins, Media, +1-212-901-6422, firstname.lastname@example.org, Michelle McKinnon, Analysts, +1-212-584-5285, email@example.com, Jaymie VanValkenburgh, Investors, +1-212-584-5158, firstname.lastname@example.org, all of SIRIUS Satellite Radio
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