|Product, programming and price point attracting customers across the country|
TORONTO, Dec. 9, 2005 (Canada NewsWire via COMTEX) --
Canadian Satellite Radio Holdings Inc. (CSR), the operator of XM Canada satellite radio, has leveraged its position to attract subscribers and build its business.
"We are thrilled with the early results of our launch and rollout of XM Canada. We were the first satellite radio service to launch and sell subscriptions and radios in Canada and we were the first broadcaster to offer Canadian programming for all of North America," said Stephen Tapp, XM Canada's President and Chief Operating Officer.
XM Canada's build-out of its terrestrial repeater network is nearly complete. Repeaters are installed and operating across the country, in major urban centres, bringing the best in satellite radio to Canadians from coast to coast.
"You can drive from Newfoundland to B.C., and up to the Yukon, and you'll get XM Canada in crystal-clear, digital-quality sound," said Tapp.
XM Canada has an exclusive contract with General Motors of Canada, the leading automotive company in Canada, to factory install XM satellite radios in more than 50 of its 2006 models. XM Canada is also negotiating with four other major auto manufacturers. These auto companies (including General Motors of Canada) sell almost one million vehicles a year in Canada.
XM Canada's diverse retail network - which includes leading names such as Best Buy, Future Shop, The Source, Wal-Mart, London Drugs and Canadian Tire - is selling award-winning XM radios at more than 1,000 outlets across the country. Retailers are re-ordering now.
"By Christmas, more than 100,000 XM satellite radios will have been shipped to retail stores in Canada, exceeding management expectations," noted Tapp.
XM Canada offers the most commercial-free music, superb Canadian content, and leading news, talk, sports and entertainment programming for the lowest monthly subscription fee in Canada. XM also offers the most NHL game coverage in satellite radio and after next season, XM will become the exclusive satellite radio broadcaster of the NHL.
About Canadian Satellite Radio Holdings Inc.
Canadian Satellite Radio Holdings Inc. operates as XM Canada(TM) through its subsidiary, Canadian Satellite Radio Inc. CSR creates unique Canadian content to be broadcast in Canada and the United States and has an exclusive Canadian licence from U.S.-based XM Satellite Radio Inc. (XM), the leading satellite radio provider in the U.S. with more than five million subscribers. In 2007, XM becomes the exclusive satellite radio broadcaster of the NHL, offering more than 1,000 games a year and a dedicated hockey talk channel called Home Ice. As a partner, General Motors of Canada factory-installs XM radios in more than 50 of its 2006 models.
Any forward-looking statements in this document are based on current expectations that are subject to significant risks and uncertainties that are difficult to predict. Actual results might differ materially from projections suggested in any forward-looking statements due to a number of risks including those associated with the business of CSR, the proposed offering of securities by CSR, regulatory matters, and CSR's relationship with XM. CSR assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those reflected in the forward-looking statements. Readers are cautioned not to place undue reliance on forward-looking statements.
The financial information contained in this news release is unaudited, unless otherwise noted. Additional information identifying risks and uncertainties are contained in CSR's filings with the Canadian securities regulators, available at www.sedar.com.
For more information about CSR, visit www.cdnsatrad.com. For more information about XM Canada's satellite radio service, visit www.xmradio.ca
SOURCE: Canadian Satellite Radio
SOURCE: XM Canada
Richard Rotman, Wilcox Group - Toronto, (416) 203-6666, ext. 2219, firstname.lastname@example.org; Ian Noble, Wilcox Group - Vancouver, (604) 488-1100, ext. 286, email@example.com Copyright (C) 2005 CNW Group. All rights reserved.