Earlier this year, XM Satellite Radio announced the ...

[Pages:2]NEWS RELEASE

XM Satellite Radio to be Standard Equipment on Honda Accord Models

9/9/2003

Honda Expands Number of 2004 Vehicles with XM as Standard Equipment Washington D.C., September 09, 2003-- XM Satellite Radio (NASDAQ: XMSR), America's number-one satellite radio service, today announced that its service is a standard feature on certain models of Honda's best-selling Accord for the 2004 model year. In addition to the Accord, all 2004 Honda S2000 roadsters will be shipped to dealers as "XMready," later this year. The S2000 joins the Honda Pilot, which already is offered with XM as a dealer-installed option.

"It is exciting to see that Honda recognizes the mass market appeal of XM Satellite Radio and has elected to make it standard equipment on one of the best selling car models of all time" said Hugh Panero, XM President and CEO.

Earlier this year, XM Satellite Radio announced the addition of XM as standard equipment on the 2004 Acura RL, which went on sale in March, and the all-new 2004 TL sedan, on sale this fall.

"We're pleased to be offering expanded availability of XM Satellite Radio to our customers," said Tom Elliott, Senior Vice President of American Honda Co. "XM is another example of our commitment to equipping Honda and Acura products with the latest technology."

About Honda Honda is the world's largest producer of engines, with more than 15 million customers globally in 2002 for its diverse line-up of automobiles, motorcycles and ATVs, and power equipment products. Honda began operations in North America in 1959 with the establishment of American Honda Motor Co., Inc., Honda's first overseas subsidiary. Honda employs more than 26,000 associates in North America in the design, manufacture and marketing of

1

products. Honda currently has 12 manufacturing plants in North America with more than 110 plants in 29 countries worldwide. About XM Satellite Radio XM is America's #1 satellite radio service. With more than 692,000 subscribers as of June 30, XM is on pace to have more than one million subscribers later this year. Whether in the car, home, office or on the go, XM's loyal listeners enjoy 101 digital channels of choice: 70 music channels, more than 35 of them commercial-free, from hip hop to opera, classical to country, bluegrass to blues; and 31 channels of premiere sports, talk, comedy, kid's and entertainment programming. For more information about XM, visit . Factors that could cause actual results to differ materially from those in the forward-looking statements in this press release include demand for the Company'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 6-03-03. Copies of the filing are available upon request from XM Radio's Investor Relations Department. Press Contact Allen Goldberg Phone: 202-380-4316 allen.goldberg@

2

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download