James Spencer to Join iBiquity Digital as Chief Financial Officer

James Spencer to Join iBiquity Digital as Chief Financial Officer

COLUMBIA, Md., July 10 /PRNewswire/ -- iBiquity Digital Corporation, the developer of digital AM/FM HD Radio(TM) technology, announced today that it has hired James Spencer as senior vice president and chief financial officer.

"We are tremendously excited that Jim is joining our team at iBiquity." said Robert Struble, President and Chief Executive Officer. "Jim has a wealth of experience building high growth companies, both as a financial executive and as an investment banker. He will bring fresh perspective and high energy to our senior leadership team, helping us to accelerate the rollout of HD Radio technology."

Mr. Spencer most recently served as CFO, Secretary and Treasurer at Allion Healthcare, Melville, NY, where he was responsible for leading all finance, accounting, investor relations, information technology and business development functions. He began working at Allion in 2003 and during his tenure with the company raised over $130 million of public and private capital, including the company's initial and secondary public offerings.

"I am delighted to join iBiquity at such a dynamic period in the company's evolution," said Mr. Spencer. "As the business continues its rapid growth, I look forward to working closely with Bob and everyone at iBiquity to drive the growth of HD Radio technology into the consumer mass market."

Prior to joining Allion, Mr. Spencer was an investment banker with Thomas Weisel Partners, Credit Suisse First Boston and Alex. Brown and Sons. He worked closely with growth companies on raising capital and advising on strategic transactions. Mr. Spencer earned an MBA from The Wharton School of the University of Pennsylvania and a B.S. in Economics and Management Statistics from the University of Maryland.

Mr. Spencer resides in Baltimore, MD, with his wife, Jennifer, and their three children.

About iBiquity Digital

iBiquity Digital Corporation is the developer of the HD Radio system which is powering the AM/FM digital radio revolution. This transformational technology allows AM and FM stations to broadcast digital signals in tandem with their analog signals, providing broadcasters with a platform to deliver multiple channels of programming on the same frequency (HD2 multicasting); crystal-clear, CD-quality sound; advanced services such as traffic updates; and text and graphics content. More than 1,300 U.S. HD Radio stations are on the air, with more than 600 of those offering additional content via multicast channels. HD Radio technology is being or has been tested in many countries throughout the world, including Argentina, Australia, Bosnia, Brazil, Canada, Czech Republic, France, Hong Kong, Indonesia, Mexico, New Zealand, Philippines, Poland, Switzerland, Thailand and Ukraine. iBiquity's investors are global leaders in the technology, broadcasting, manufacturing, media and financial industries.

First Call Analyst:
FCMN Contact:

Source: iBiquity Digital Corporation

CONTACT: Vicki Stearn of iBiquity Digital Corporation,
+1-443-539-4345, stearn@ibiquity.com; or Gil Chorbajian of Ogilvy Public
Relations for iBiquity Digital Corporation, +1-518-355-0966,
gil.chorbajian@ogilvypr.com

Web site:

http://www.ibiquity.com/

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