Audiovox and XM Satellite Radio Unveil the Audiovox XM Xpress Radio

Audiovox and XM Satellite Radio Unveil the Audiovox XM Xpress Radio

Xpress is the Smallest Satellite Radio to Offer Five-Line Display Screen

HAUPPAUGE, N.Y. and WASHINGTON, Aug. 9 /PRNewswire-FirstCall/ -- Audiovox Corporation (NASDAQ:VOXX) and XM Satellite Radio (NASDAQ:XMSR), the nation's leading satellite radio service with more than 4.4 million subscribers, today unveiled the Xpress radio, the all-new XM plug-and-play receiver from Audiovox. The Xpress is the smallest satellite radio receiver to offer a five-line display screen.

(Photo: http://www.newscom.com/cgi-bin/prnh/20050809/DCTU012 )
(Logo: http://www.newscom.com/cgi-bin/prnh/20000724/XMSATLOGO )

"Audiovox is committed to the satellite radio hardware market, and to again partner with XM Satellite Radio for the debut of the new Xpress radio is testimony to that commitment," said Tom Malone, senior vice president of sales for Audiovox. "The Xpress offers brand new convenience features in a compact design, providing consumers with a sleek, functional device to access XM's amazing service."

The Xpress combines compact design and a five-line display screen with several other exciting features. The Xpress Tune knob allows the user to search XM's 150-plus channels of commercial-free music and premier sports, talk, news, and entertainment programming with just one knob. And the Xpress comes with a remote control so that other passengers can control the programming. The Xpress can be self-installed quickly and easily in the car or home.

The Xpress comes with additional accessories such as a deluxe vehicle kit, micro antenna, cassette adapter, and power adapter. The product has a built- in FM transmitter, which will wirelessly transmit XM Satellite Radio to any one of 100 FM radio frequencies.

In addition to a five-line display for the channel name, artist name, and song title on each XM channel, the Xpress has a customizable sports ticker, customizable stock ticker, and the TuneSelect and Artist Select features, which alert listeners when their favorite songs and artists are played on any XM channel.

"The Xpress is an excellent combination of technological innovation and sleek design," said XM's Senior Vice President of Product Marketing and Distribution Dan Murphy. "The feature-rich Xpress with its five-line display, sports and stock tickers, 100 channel FM transmitter, clock, alarm and sleep timer is an excellent option for consumers who want an XM receiver that is big on function but compact in size."

The Xpress and included accessories will arrive at retail stores in October 2005 for a suggested retail price of $99.99. Additional Xpress accessories sold separately will include additional vehicle kits, home stereo kits, portable rechargeable battery and headphone kit, and boomboxes.

About Audiovox

Audiovox Electronics Corporation (AEC) is a wholly owned subsidiary of Audiovox Corporation (NASDAQ:VOXX). AEC is a recognized leader in the marketing of automotive entertainment, vehicle security and consumer electronics products. The company is number one in mobile video and places in the top ten of almost every category that it sells. Among the lines marketed by AEC are its mobile electronics products including mobile video systems, auto sound systems including satellite radio, vehicle security, and consumer electronics products such as portable DVD players, flat-panel TV's, extended range two-way radios, multi media products like MP3 players, and home and portable stereos. The company markets its products through an extensive distribution network that includes power retailers, 12-volt specialists, mass merchandisers and an OE sales group. The company markets products under the Audiovox, Jensen, Acoustic Research, Advent, Code Alarm, Terk, Vogel's and Prestige brands. For additional information, visit our web site at http://www.audiovox.com/.

About XM Satellite Radio

XM is America's number one satellite radio service with more than 4.4 million subscribers. Broadcasting live daily from studios in Washington, D.C., 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 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 10-K filed with the Securities and Exchange Commission on 3-4-05. Copies of the filing are available upon request from XM Radio's Investor Relations Department.

Photo: NesCom: http://www.newscom.com/cgi-bin/prnh/20000724/XMSATLOGO
NewsCom: http://www.newscom.com/cgi-bin/prnh/20050809/DCTU012
AP Archive: http://photoarchive.ap.org/
AP PhotoExpress Network: PRN2
PRN Photo Desk, photodesk@prnewswire.com
Source: XM Satellite Radio

CONTACT: Ann Boutcher of Audiovox Corporation, +1-631-436-6550,
aboutcher@audiovox.com; or David Butler of XM Satellite Radio,
+1-202-380-4317, david.butler@xmradio.com

Web site: http://www.xmradio.com/
http://www.audiovox.com/

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