XM Satellite Radio's Canadian Partner Wins Approval From Canada's Federal Cabinet to Offer Satellite Radio in Canada
XM Satellite Radio's Canadian Partner Wins Approval From Canada's Federal Cabinet to Offer Satellite Radio in Canada
WASHINGTON, Sept. 9 /PRNewswire-FirstCall/ -- XM Satellite Radio (NASDAQ:XMSR), America's leading satellite radio company with more than 4.4 million subscribers, today announced that its Canadian partner, Canadian Satellite Radio (CSR), has been approved by Canada's Federal Cabinet to deliver commercial-free music and premier news, sports, talk, and entertainment to Canadians from coast-to-coast.
(Logo: http://www.newscom.com/cgi-bin/prnh/20000724/XMSATLOGO )
"We are very pleased by the Federal Cabinet's decision," said Hugh Panero, President and CEO of XM Satellite Radio. "We look forward to working with our Canadian partner CSR to provide Canadians with the world-class programming and leading-edge technology that have made XM Satellite Radio the industry leader and one of the fastest-growing consumer electronics products ever."
About XM Satellite Radio
XM (NASDAQ:XMSR) is America's number one satellite radio service with more than 4.4 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City and Nashville at the Country Music Hall of Fame, XM's 2005 lineup includes more than 150 digital channels of choice from coast to coast: the most commercial-free music channels, plus premier sports, talk, comedy, children's and entertainment programming; and 21 channels of the most advanced traffic and weather information. XM was named Best Radio Service at the 2004 Billboard Digital Entertainment Awards.
XM, the leader in satellite-delivered entertainment and data services for the automobile market through partnerships with General Motors, Honda, Toyota, Hyundai, Nissan, Porsche, and Volkswagen/Audi, is available in more than 120 different vehicle models for 2005. XM's industry-leading products are available at consumer electronics retailers nationwide. For more information about XM hardware, programming and partnerships, please visit http://www.xmradio.com/.
Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for XM Satellite Radio's service, the Company's dependence on technology and third party vendors, its potential need for additional financing, as well as other risks described in XM Satellite Radio Holdings Inc.'s Form 8-K filed with the Securities and Exchange Commission on 8-5-05. Copies of the filing are available upon request from XM Radio's Investor Relations Department.
Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20000724/XMSATLOGO AP Archive: http://photoarchive.ap.org/ PRN Photo Desk photodesk@prnewswire.com Source: XM Satellite Radio
CONTACT: Chance Patterson of XM Satellite Radio, +1-202-380-4318, or chance.patterson@xmradio.com
Web site: http://www.xmradio.com/
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