iBiquity Digital Adds Broadcast Executive to Broaden International Efforts For Adoption of HD Radio Technology

Columbia, MD — September 22, 2005 — iBiquity Digital Corporation, the sole developer of HD Radio™ technology, today announced that Perry Priestley, a broadcast industry professional with over 20 years experience, has joined iBiquity as director of international broadcast business development. In this role, Priestley will broaden the corporation’s efforts to roll out HD Radio Digital AM and FM technology in markets around the world.

Priestley has worked in both technical and commercial positions within the broadcast industry throughout his career. Most recently, he served as director of sales for Thales Broadcast and Multimedia, overseeing the Canadian, Caribbean and Latin American markets. At Thales, Priestley’s responsibilities included marketing, sales and standards promotion in the digital radio and television markets. He has also held positions with Comark Communications, Philips North America and Pye TVT.

“The addition of Perry to our team is a response to the increased interest we are seeing in HD Radio technology from international markets,” said Robert Struble, President and CEO of iBiquity Digital Corporation. “Perry’s international expertise and experience within the broadcast technology industry will be invaluable as we work with countries around the world to implement HD Radio technology and expose more audiences to the system’s digital sound quality and advanced features.”

HD Radio technology transmits digital audio and data alongside existing AM and FM analog signals, allowing listeners with HD Radio receivers to enjoy crystal-clear reception and CD-quality sound. Unlike other digital broadcasting technologies, HD Radio works within the existing analog spectrum, allowing unused spectrum to be preserved for future needs. Through this approach, HD Radio technology enables AM and FM radio stations throughout the world to transition to digital broadcasting in a seamless, non-disruptive manner. The technology also provides a platform for advanced interactive features that include: multicasting (multiple channels broadcast on a single FM frequency), real-time traffic and weather services, scrolling text on the receiver display, and Surround Sound.

About iBiquity Digital Corporation

iBiquity Digital is the sole developer and licenser of HD Radio technology in the U.S. HD Radio is transforming today's AM and FM radio stations to digital, enabling radically upgraded sound, crystal-clear reception, multicasting and advanced data services. Over 2,500 radio stations in the U.S. are in the process of converting to the HD Radio system with more than 500 HD Radio broadcasters currently on the air. iBiquity Digital's investors include 15 of the nation's top radio broadcasters, including ABC, Clear Channel and Viacom; leading financial institutions, such as Grotech Capital Group, J.P. Morgan Partners, New Venture Partners, Pequot Capital and J&W Seligman; and strategic partners Ford Motor Company, Harris, Texas Instruments and Visteon. Named one of Deloitte’s Fast 500 Companies, iBiquity Digital is a privately held company with operations in Columbia, MD, Detroit, MI, Belmont, CA and Warren, NJ. For more information please visit: www.ibiquity.com.

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