Monday April 3, 9:28 am Eastern Time
Company Press Release
SOURCE: Sirius Satellite Radio
biz.yahoo.com
Sirius Radio Sets Satellite Launch Schedule
NEW YORK, April 3 /PRNewswire/ -- Sirius Satellite Radio (Nasdaq: SIRI - news), the satellite radio broadcaster, today announced that Sirius-1, the first satellite in its three satellite constellation is scheduled to be shipped to its launch site May 31st and launched June 28th. Sirius-2 is scheduled for launch in September and Sirius-3 in October.
(Logo: newscom.com )
Sirius Satellite Radio (http://www.siriusradio.com) is building a digital satellite radio system that will broadcast an unprecedented breadth of unique, compelling music and entertainment programming to motorists throughout the continental United States. Sirius plans to offer 50 channels of commercial- free music all created at the company's National Broadcast Studio in New York City, and up to 50 channels of news, sports and entertainment programming for a monthly subscription fee of $9.95. Sirius Radio expects to begin broadcasting nationally at the end of this year.
As part of its commitment to creating commercial-free music and an unprecedented range of audio programming, Sirius has created alliances with critically acclaimed artists and on-air personalities, including Sting, Grandmaster Flash, and MC Lyte, who will have regularly scheduled programs on Sirius. Sirius also has a strategic alliance with the John F. Kennedy Center for the Performing Arts and the National Symphony Orchestra. Some of the world's foremost creators of compelling audio information and entertainment programming will also have channels on Sirius Radio, including CNBC, National Public Radio, USA Networks/SCI FI Channel, Bloomberg and the BBC. Sirius also has the exclusive right to carry the nationally acclaimed ``Car Talk' on satellite radio. Sirius Radio has partnerships with both Playbill© magazine and Live Broadway© to create specials and live programming for Sirius Radio's ``Broadway's Best' channel, the country's first-ever around-the-clock nationwide showcase for Broadway music and entertainment.
Sirius has exclusive alliances to factory-install Sirius receivers in DaimlerChrysler cars and light trucks, including Chrysler, Dodge, Jeep©, Mercedes, and is the preferred service provider for Freightliner and Sterling heavy trucks. Sirius also has exclusive alliances to factory-install Sirius receivers in BMW, Ford, Jaguar, Mazda and Volvo automobiles. Sirius also has alliances with leading automotive electronics manufacturers to design and develop receivers for the automotive aftermarket and for installation in new cars. These companies include Alpine, Audiovox, Clarion, Delphi Delco Electronics, Kenwood, Panasonic, Recoton, Sanyo and Visteon.
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 the forward-looking statements. Accordingly, any such statements are qualified in their entirety by reference to the factors discussed in Sirius Satellite Radio Inc.'s Annual Report on Form 10-K for the year ended December 31, 1999. Among the key factors that have a direct bearing on Sirius Satellite Radio's results of operations are the potential risk of delay in implementing Sirius Satellite Radio's business plan; dependence on satellite construction and launch contractors; risk of launch failure; unproven market and unproven applications of existing technology; unavailability of Sirius Satellite Radio receivers; and Sirius Satellite Radio's need for additional financing. |
