New Corporate Office Located Among Other Innovative,
Media-Friendly Companies
SILVER SPRING, Md., Oct. 3 /PRNewswire-FirstCall/ - WorldSpace, Inc.
(Nasdaq: WRSP) recently completed the move of its global corporate
headquarters from Washington, D.C. to Silver Spring, Md. The company's new
office, which features more than 52,000 square feet of space, is expected to
foster greater synergy among staff and accommodate future growth.
(Logo: http://www.newscom.com/cgi-bin/prnh/20040319/WORLDSPACELOGO )
Effective immediately, WorldSpace's address is:
8515 Georgia Avenue
Silver Spring, MD 20910
Tel: 301-960-1200 Fax: 301-960-2200
As the world's only global media company positioned to offer a satellite
radio experience to consumers in more than 130 countries, WorldSpace
broadcasts a variety of content including entertainment, news, sports, music
and educational programming.
According to Noah Samara, chairman and CEO of WorldSpace, the new offices
are proximately located to innovative, media-rich companies such as Discovery
Communications and AFI, provide a desirable work environment for employees,
and represent the company's continued commitment to reduce expenses, increase
efficiency, and maximize shareholder value.
"While WorldSpace has enjoyed its D.C. location for the last 10 years, the
move to Silver Spring strategically places us in the heart of the media
industry and is consistent with our ongoing strategy to grow our satellite
radio services globally," said Samara.
He added, "Our new headquarters not only provide the right facilities to
deliver quality programming and content to our subscribers but will bring
additional value to our shareholders. We look forward to becoming an active
member of the Silver Spring business community."
About WorldSpace, Inc.:
WorldSpace (Nasdaq: WRSP) is the world's only global media and
entertainment company positioned to offer a satellite radio experience to
consumers in more than 130 countries with five billion people, driving 300
million cars. WorldSpace delivers the latest tunes, trends and information
from around the world and around the corner. WorldSpace subscribers benefit
from a unique combination of local programming, original WorldSpace content
and content from leading brands around the globe including the BBC, CNN,
Virgin Radio, NDTV and RFI. WorldSpace's satellites cover two-thirds of the
globe with six beams. Each beam is capable of delivering up to 80 channels of
high quality digital audio and multimedia programming directly to WorldSpace
Satellite Radios anytime and virtually anywhere in its coverage areas.
WorldSpace is a pioneer of satellite-based digital radio services (DARS) and
was instrumental in the development of the technology infrastructure used
today by XM Satellite Radio. For more information, please visit
http://www.worldspace.com.
SOURCE WorldSpace, Inc.
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Related links:
http://www.worldspace.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/20040319/WORLDSPACELOGO
AP Archive: http://photoarchive.ap.org
PRN Photo Desk, photodesk@prnewswire.com
CONTACT:
Judith Pryor of WorldSpace, +1-202-969-6252,
jpryor@worldspace.com; or Dacrie Brooks of Brodeur,
+1-202-775-2646, dbrooks@brodeur.com, for WorldSpace Inc.
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