NEW YORK – December 13, 2004 – SIRIUS Satellite Radio will be added to the NASDAQ-100 Index effective December 20. The NASDAQ-100 Index comprises the 100 largest non-financial stocks listed on the NASDAQ Stock Market based on market capitalization. Shares of SIRIUS will be included in the NASDAQ-100 Index Tracking Stock (NASDAQ: QQQQ).
“The addition of SIRIUS to the NASDAQ-100 underscores the confidence afforded to us by our institutional and retail investors,” said Mel Karmazin, SIRIUS CEO. “It’s also a testament to the efforts of our dedicated employees who have created the finest satellite radio product. Our goals are to further expand our relationships with our auto partners, widen our availability at retail, advance our consumer technology, and continue to develop compelling programming.”
Over the last 12 months SIRIUS has nearly quadrupled its subscriber base, from 261,000 at the beginning of this year to an estimated million subscribers by the end of this year. The company also announced a series of high-profile programming additions, including play-by-play broadcasts of the NFL, the addition of Howard Stern in 2006 and exclusive channels featuring Elvis Presley and Eminem, among others.
The NASDAQ-100 Index, launched in 1985, reflects NASDAQ’s largest non-financial companies across major industry groups. Index securities are ranked by market value and evaluated annually to determine which securities will be included. The NASDAQ-100 Index Tracking Stock represents ownership in the NASDAQ-100 Trust. The Trust holds a portfolio of equity securities that comprise the NASDAQ-100 Index and aims to provide investment results that generally correspond with the NASDAQ-100 Index performance.
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, 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, 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®, Lincoln-Mercury, Mazda, Mercedes-Benz, MINI, Nissan, Porsche and Volkswagen. Hertz currently offers SIRIUS at 53 major locations around the country.
Click on 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, 2003 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.