IBIQUITY DEMONSTRATES DIGITAL HD RADIO™ TECHNOLOGY AT MEDIENTAGE MÜNCHEN 2008 IN MUNICH, GERMANY, 29 – 31 OCTOBER

Munich, Germany – 29 October 2008 – iBiquity Digital Corporation, the developer of digital HD Radio technology for AM and FM audio and data broadcasting, and the European HD Radio Alliance (EHDRA) announced today they will demonstrate the HD Radio system at MEDIENTAGE MÜNCHEN 2008 in Munich, Germany. MEDIENTAGE MÜNCHEN began as a platform for the pioneers of private broadcasting but has evolved into Europe’s major media conference meeting of its kind over the past few years.

“HD Radio broadcasting is a very good opportunity for regional radio stations to take their first step into digitalization,” said Jürg Bachmann, head of digital projects for Goldbach Media Management and Chairman of the European HD Radio Alliance. “iBiquity Digital’s participation at MEDIENTAGE MÜNCHEN will allow European broadcasters to see the benefits that HD Radio technology has to offer broadcasters around the world.”

“MEDIENTAGE MÜNCHEN 2008 is an excellent opportunity for us to discuss HD Radio technology with a growing number of interested broadcasters and regulators in Germany and the surrounding regions,” said Hal Kneller, Director, International Broadcasting Business Development, iBiquity Digital Corporation. “The successful testing of the HD Radio system early this year on 102.8 Radio Regenbogen in Heidelberg proves that the technology is a viable and affordable choice for digital radio in Europe.”

HD Radio technology offers FM radio broadcasters and listeners worldwide a seamless solution for a digital transition. By utilizing existing channel allocations and broadcast infrastructure, the technology offers an affordable transition for broadcasters and an efficient solution for regulators by allowing stations to maintain existing analog services while listeners upgrade to digital receivers. In addition to the superior audio quality and reliability it brings existing broadcaster services, HD Radio technology enables additional audio and data services that will keep FM radio vital now and in the future.

The ITU (International Telecommunications Union) recognized HD Radio technology as Digital System C (Recommendation ITU-R BS.1114) and the AM HD Radio system as IBOC DSB system below 30 MHz (Recommendation ITU-R BS.1514), giving world-wide credibility to these systems from a regulatory standpoint. In the U.S., where there are already over 1,800 HD Radio stations on the air, the HD Radio system is the only technology approved by the Federal Communications Commission for digital AM and FM broadcasting. HD Radio adoption continues to grow worldwide. Systems are operating in more than 10 countries and over 50 stations around the globe.

About iBiquity Digital

iBiquity Digital Corporation is the developer of the digital HD Radio™ system, which is fueling the digital radio revolution in the United States and around the world. Over 1,800 HD Radio AM and FM stations are on the air in the United States, with over 900 new HD2/HD3 multicast channels. HD Radio technology allows stations to broadcast digital signals in tandem with their analog signals, providing broadcasters with a platform to offer crystal-clear, CD-quality sound and scrolling text and graphics; as well as multiple channels of programming on the same FM frequency (multicasting) and advanced services such as traffic updates; content…all subscription free.

There are more than 80 HD Radio products for sale at over 14,000 stores and online. HD Radio technology has also made great inroads in the automotive sector with factory-installed options announced by BMW, Ford, Hyundai, Jaguar, Lincoln, Mercedes, MINI, Mercury, Scion, and Volvo. Beyond the U.S., commercial implementation of HD Radio technology is gaining momentum around the world.

HD Radio technology is the only digital broadcast system approved by the Federal Communications Commission (FCC) for AM and FM radio in the United States. iBiquity owns more than 100 U.S. patents related to its technology. iBiquity is also pursuing international opportunities. Brazil, Mexico and The Philippines have gained commercial implementation. Testing and demonstrations of the system are also underway in Canada, China, Columbia, Dominican Republic, Germany, Indonesia, Jamaica, New Zealand, Poland, Switzerland, Thailand, and Ukraine, among other countries around the world.

iBiquity Digital's investors include 15 of the nation's top radio broadcasters, including ABC, Clear Channel and CBS Radio; leading financial institutions, such as Grotech Capital Group, J.P. Morgan Partners, New Venture Partners, FirstMark Capital and Flatiron Partners; and strategic partners Intel Capital, Ford Motor Company, and Harris. Founded in 2000, iBiquity Digital is a privately held company with operations in Columbia, MD, Detroit, MI, and Basking Ridge, NJ. For more information, please visit http://www.hdradio.com and http://www.ibiquity.com.

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To arrange interviews or for additional information, please contact:

Vicki Stearn

iBiquity Digital Corp.

443-539-4345

stearn@ibiquity.com

Note to editors: “HD Radio™” and the HD Radio logo are proprietary trademarks of iBiquity Digital Corporation. All other trademarks are the property of their respective owners. The “HD” in HD Radio™ is part of iBiquity Digital’s brand name for its advanced digital AM/FM system. It does not mean hybrid digital or high-definition digital; both of these are incorrect

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