To: Kavika who wrote (103930 ) 6/23/2000 12:05:00 PM From: Kavika Respond to
In MTNT (formerly SKYC): has controlling interest of XMSR satellite radio company with several news releases on their radios being sold by Good Guys, BBY, etc. Today is breakout from long base. Good Guys to Introduce XM Satellite Radio Service to West Coast Consumers WASHINGTON, June 20 /PRNewswire/ -- XM Satellite Radio [XMSR-news] and Good Guys Inc. [GGUY-news] today announced an agreement to market and sell XM-Ready radios from leading manufacturers and the XM service throughout Good Guys' 79 retail stores. The sales effort, complete with a variety of point-of-purchase materials, will focus on car owners and trend-setting west coast consumer electronics buyers and will begin when the XM service is launched early next year. "Good Guys has a long-standing reputation among west coast consumers for introducing leading-edge consumer electronics products that fit their lifestyles," said Daniel Murphy, XM's Vice President of Retail Marketing and Distribution. "With their highly trained sales force and exceptional customer service, Good Guys is exactly where the XM customer will be looking to find information on this new and innovative category," he added. "Our customer base of early adopters and tech-savvy consumers is constantly looking for new and exciting ways to enjoy the in-car experience and is sure to be among the first to examine satellite radio," said Cathy A. Stauffer, Vice President of Merchandising, Good Guys. "XM Radio promises to offer a powerful alternative to the AM/FM dial with great programming selection, digital-quality sound and coast-to-coast coverage through brand name radio manufacturers, and we look forward to introducing it to our customers." XM Satellite Radio is developing a new band of radio. It will create and package up to 100 national channels of digital-quality music, news, sports, talk and children's programming, half created in-house under the XM ORiGiNALS brand name and others in partnership with well-known third-party content providers. The service will be uplinked to XM's powerful satellites and transmitted directly to vehicle, home and portable radios across the country. XM's first satellite is scheduled to launch in mid-November of this year, with national consumer service slated to begin during the first half of 2001 for a monthly subscription fee of $9.95. About Good Guys Good Guys is a leading specialty retailer of consumer entertainment electronics, offering a distinctive selection of fully featured digital and high-tech products from more than 100 of the world's most respected manufacturers. Founded in 1973, Good Guys currently operates 79 stores in California, Nevada, Oregon and Washington. For more information, visit www.goodguys.com . More About XM Satellite Radio XM has a long-term distribution agreement with General Motors to install XM-Ready radios in GM cars in 2001. Strategic investors in XM include General Motors, Clear Channel Communications and DIRECTV -- respectively, the leading car, radio and satellite TV companies in the US -- and Motient Inc. [MTNT-news], which holds a controlling interest in the company. First there was AM, then FM and now ... XM Satellite Radio. For more information, visit www.xmradio.com .
