BMW First Auto Maker to Offer HD Radio(TM) Receivers Throughout Its Entire Product Range

Announcement Extends BMW's Leadership Position Among Auto Manufacturers in the Rollout of Digital AM and FM Radio

DETROIT - January 7, 2007: BMW expands its pioneering position in providing high-quality audio systems by becoming the first automotive firm to offer a factory-installed digital HD Radio(TM) receiver as an option across its entire 2007 product line. This option, which now includes HD Radio multicast reception capability, will be available in the spring on all 2007 3, 5, 6, and 7 Series models, as well as X3, X5, and Z4.

HD Radio technology is one of the most significant advances in radio broadcasting history, providing listeners with enhanced digital audio quality and clear, noise-free reception, as well as multicasting and on-screen text information. The HD Radio multicasting feature allows FM stations to broadcast multiple channels of digital programming simultaneously on a single frequency.

Of the more than 1,100 stations across the country broadcasting with HD Radio technology, more than 500 FM stations are offering a second (HD2) and, in many cases, a third (HD3) multicast channel. For example, WAMU in Washington, DC, offers three channels: 88.5-1, a simulcast of its news/talk analog channel; 88.5-2, a simulcast of an innovative Baltimore music station not available in DC; and 88.5-3, bluegrass music. These channels are free but can only be found on HD Radio receivers. As with all HD Radio programming, there are no fees or additional costs associated with multicast channels.

The number of HD Radio stations is growing daily and expected to exceed 3,000 within the next few years. A current list of HD Radio stations and multicast stations can be found at www.hdradio.com.

Today's announcement continues BMW's history of groundbreaking premium audio offerings. In the fall of 2005, the company announced the first OEM availability of HD Radio technology in its 2006 7 and 6 Series models. In June 2006, the company announced that HD Radio receivers would be offered in its 2007 5 Series models and last month it announced the first factory- installed multicast capable HD Radio in the new 2007 3 Series Convertible.

The HD Radio option will have a Suggested Retail Price of $500.

About iBiquity Digital

iBiquity Digital Corporation is the developer of the HD Radio(TM) system, which is powering the AM/FM digital radio revolution. This transformational technology allows AM and FM stations to broadcast digital signals in tandem with their analog signals, providing broadcasters with a platform to offer multiple channels of programming on the same frequency (HD2 multicasting); crystal-clear, CD-quality sound; services such as real-time traffic updates; and scrolling text and graphics content. HD Radio technology is now being tested and adopted in many countries, including Australia, Brazil, Canada, Indonesia, New Zealand, Philippines, Poland, Switzerland, Thailand and Ukraine. iBiquity's investors are global leaders in the technology, broadcasting, manufacturing, media and financial industries.