iBiquity Digital Named 17th Fastest-Growing Technology Company in Maryland

Columbia, MD - October 12, 2004 - iBiquity Digital Corporation, the sole developer of HD Radio™ technology, announced today that it has been named the 17 th fastest growing technology company in Maryland in Deloitte's annual Technology Fast 50 Program. In addition, iBiquity was ranked as the 342nd fastest growing technology company in the U.S. and Canada. The rankings are based on the percentage of growth in fiscal year revenues over five years, from 1999-2003.

Robert Struble, president and CEO for iBiquity Digital Corporation stated, "iBiquity is proud of this prestigious recognition. It reflects the tremendous long-term effort of our employees and our partners, AM/FM radio broadcasters, transmission equipment, semiconductor and radio manufacturers - in commercializing HD Radio technology. It also highlights the great momentum that HD Radio technology has established in the marketplace. With the recent announcements by Clear Channel, Cox and Entercom, three of the nation's largest radio broadcasters, to rapidly convert their stations to digital, 2,500 stations are now committed to HD Radio broadcasting."

"In an era where technology companies come and go, making the Deloitte Fast 50 is a testament to a company's vision that allows growth over five years. iBiquity Digital's leadership has the right stuff for growth, and Deloitte salutes their accomplishments," said Gary H. Tabach, Office Managing Partner, McLean, VA.

To qualify for the Technology Fast 50, companies must have had operating revenues of at least $50,000 in 1999 and $1,000,000 in 2003, must be public or private companies headquartered in North America, and be a 'technology company' defined as owning proprietary technology that contributes to a significant portion of the company's operating revenues (using other companies' technology in a unique way does not qualify); and/or devoting a significant proportion of revenues to research and development of technology.

About iBiquity Digital

iBiquity Digital is the sole developer and licenser of HD Radio technology in the U.S. , which is transforming today's analog radio to digital, enabling radically upgraded sound, crystal clear reception and new wireless data services. The company'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. 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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