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Title Date Hit File
DUAL ELECTRONICS TO OFFER XM RADIO CAR STEREO PRODUCTS
May 4, 2004 8,264

Heathrow, FL, and Washington, D.C., May 4, 2004
Dual Electronics today announced it will offer Dual car stereo products that incorporate XM Satellite Radio (NASDAQ: XMSR), the nation’s leading provider of satellite radio.

"The combination of XM Radio’s extensive commercial-free programming, impeccable technology, and overall business model makes it the perfect partner for Dual," said Jim Braun, President of Dual Electronics Corporation. "The availability of XM Radio in select Dual car products will continue to enhance the value of the brand, while giving our retailers and end-users the quality and high value they have come to expect from Dual."

Dual will introduce car stereo head units compatible with the XM Direct tuner box during the third quarter of 2004 with product shipments reaching retailers in time for the holiday selling season. Pricing will be announced prior to shipping. In one short year, Dual has achieved more than 5 percent market share in car stereo products.

"Dual’s success in consumer electronics, particularly mobile audio, can be traced to the company’s dedication to providing its customer base with innovative, top performing, high-quality products, which perfectly complements XM’s commitment to giving our lieners the best programming and the best sound quality in satellite radio," said Dan Murphy, Senior Vice President, Product Marketing and Distribution, XM Satellite Radio.

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About Dual

Dual Electronics, a subsidiary of Namsung America, Inc., is based in Heathrow; FL. Dual offers a wide selection of mobile electronics, marine electronics, home audio loudspeakers, and LCD televisions. For further information, visit the company’s web site, www.dualav.com, or contact Adam Sohmer, SOHMER ASSOCIATES, 718-499-9161 (voice/fax),
347-512-0066 (cell), adam@sohmerassoc.com.


About XM Satellite Radio

In the fall of 2001, XM Satellite Radio pioneered the introduction of satellite radio in the U.S. Today, XM is America\'s #1 satellite radio service with more than 1.68 million subscribers. Broadcasting live daily from studios in Washington, DC, New York City and Nashville, Tennessee at the Country Music Hall of Fame, XM\'s 2004 lineup includes more than 120 digital channels of choice from coast to coast: 68 commercial-free music channels, featuring hip hop to opera, classical to country, bluegrass to blues; 34 channels of premier sports, talk, comedy, children\'s and entertainment programming; and 21 channels of the most advanced traffic and weather information for major metropolitan areas nationwide. Affordable, compact and stylish XM satellite radio receivers for the home, the car, the computer and boom boxes for "on the go" are available from retailers nationwide. In addition, XM is available in more than 80 different 2004 car models. XM is a popular factory-installed option on more than 40 new General Motors models, as well as a standard feature on several top-selling Honda and Acura models. Passengers on JetBlue Airways and AirTran Airways will be able to lien to XM\'s programming in-flight later in 2004.

For more information about XM, visit http://www.xmradio.com.




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