Deva Broadcast Ltd. Signs HD Radio™ License Agreement

Columbia, Maryland – April 10, 2008 – iBiquity Digital Corporation, the licensor and developer of digital HD Radio™ technology, today announced that it has licensed Deva Broadcast Ltd. to develop, manufacture and market HD Radio Broadcast Monitors and Professional Receivers for AM and FM broadcasters who are converting to digital broadcasting.

“Interest in HD Radio broadcasting is increasingly global,” said Todor Ivanov, President of Deva Broadcast Ltd. “We see a tremendous opportunity to apply our expertise in broadcast equipment design to HD Radio Broadcast Monitor and Professional receiver design.”

“We are very pleased to license Deva Broadcast Ltd. as a manufacturer of HD Radio equipment,” added Jeff Jury, Chief Operating Officer, iBiquity Digital. “This agreement represents an important step in upgrading stations around the world to the HD Radio system.”

Inspired by its ability to deliver digital quality sound and services while leveraging existing analog spectrum, HD Radio technology is now being tested or adopted in many countries around the world, including Brazil, Canada, China, Germany, Indonesia, Mexico, New Zealand, Philippines, Poland, Switzerland and Thailand. In the United States, more than 1,600 AM/FM radio stations have upgraded to the HD Radio system.

About Deva Broadcast Ltd.
Deva Broadcast Ltd. was established in 1997 as an importer and authorized service representative of telecommunications equipment. Subsequently, Deva Broadcast Ltd. developed and produced its own low and mid power transmitters, relay and RDS systems. Today Deva Broadcast Ltd. serves radio stations in Bulgaria and markets around the world.

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