WORLDSPACE(R) Satellite Radio Unveils 'Diva II'
New Satellite Receiver Offers Accessibility and Value to Consumers
in Primary Target Market of India
SILVER SPRING, Md., April 24 /PRNewswire-FirstCall/ -- WORLDSPACE(R) Satellite Radio (Nasdaq: WRSP), one of the world leaders in satellite-based digital radio services, announced the availability of a new satellite radio receiver -- the Diva II in the Indian marketplace. Combining enhanced design with increased functionality, the Diva II offers listeners in India superior sound quality and options for a truly enriched satellite radio experience.
The new WORLDSPACE Satellite Radio receiver is a stand-alone unit that is also compatible with most music systems, presenting WORLDSPACE subscribers in India with an opportunity to tune in to over 40 radio channels playing the widest range of music, entertainment and news available in that country, in distinctive and uninterrupted programming formats.
"The addition of the Diva II to our line-up means even more choice and selection for our subscribers," said Noah Samara, chairman and chief executive officer, WORLDSPACE. "Through the unique combination of new equipment, such as the Diva II, and our diverse range of entertainment and programming, WORLDSPACE is able to provide our customers with a truly unique experience."
Equipped with sleek speakers, an audio stereo amplifier, and four pre- fixed audio equalizer modes, the Diva II showcases the superb digital quality output of satellite radio. Forty memory presets enable music lovers to save and recall their favorite radio channels at the press of a button. Other convenient features include a self-learning tutorial that gets users comfortable with satellite radio technology, a full function remote, and a data port for computer connectivity.
The Diva II is priced at the equivalent of slightly more than $55 USD, making it affordable to WORLDSPACE's target market of India's enormous burgeoning middle class. Available in "Elegant Black" or "Chic Silver," the all-new satellite radio receiver is available at WORLDSPACE Lounges and at leading electronics stores in most major Indian cities.
About Worldspace, Inc.
WORLDSPACE(R) (Nasdaq: WRSP) is the world's only global media and entertainment company positioned to offer a satellite radio experience to consumers in more than 130 countries with five billion people, driving 300 million cars. WORLDSPACE delivers the latest tunes, trends and information from around the world and around the corner. WORLDSPACE subscribers benefit from a unique combination of local programming, original WORLDSPACE content and content from leading brands around the globe including the BBC, CNN, Virgin Radio UK, NDTV and RFI. WORLDSPACE's satellites cover two-thirds of the globe with six beams. Each beam is capable of delivering up to 80 channels of high quality digital audio and multimedia programming directly to WORLDSPACE Satellite Radios anytime and virtually anywhere in its coverage area. WORLDSPACE is a pioneer of satellite-based digital radio services (DARS) and was instrumental in the development of the technology infrastructure used today by XM Satellite Radio.
Forward-looking Statements
This press release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs about future events and financial, political and social trends and assumptions it has made based on information currently available to it. The Company cannot assure that any expectations, forecasts or assumptions made by management in preparing these forward-looking statements will prove accurate, or that any projections will be realized. Such forward-looking statements may be affected by inaccurate assumptions or by known or unknown risks or uncertainties. Actual results may vary materially from those expressed or implied by the statements herein. Forward-looking statements contained herein speak only as of the date of this release. The Company does not undertake any obligation to update or revise publicly any forward-looking statements, whether to reflect new information, future events or otherwise.
SOURCE WORLDSPACE Satellite Radio
-0- 04/24/2006
/CONTACT: Judith Pryor of WORLDSPACE(R) Satellite Radio, +1-301-960-1242,
jpryor@worldspace.com, or Dacrie Brooks of Brodeur, +1-202-775-2646,
dbrooks@brodeur.com, for WORLDSPACE Satellite Radio/
/Web site: http://www.worldspace.com /
(WRSP)
CO: WORLDSPACE Satellite Radio
ST: Maryland, India
IN: CPR CSE RAD
SU: PDT
MH-TW
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4370 04/24/2006 18:41 EDT http://www.prnewswire.com
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