SIRIUS Canada Named One of Canada's 50 Best Managed Companies

TORONTO, Feb. 16 /CNW/ - SIRIUS Canada Inc., the country's leading audio entertainment company, today announced that it has been named one of Canada's 50 Best Managed Companies for 2009.

Supported by Deloitte, CIBC Commercial Banking, National Post and Queen's School of Business, the Best Managed award and designation honours Canadian companies that have demonstrated exceptional business results following a rigorous and independent evaluation process.

"We are proud to receive the prestigious Best Managed designation," said Mark Redmond, President and CEO, SIRIUS Canada Inc. "The dedicated team at SIRIUS Canada has worked hard over the last four years to build Canada's leading audio entertainment company and one of the country's top media companies. Being named one of Canada's 50 Best Managed Companies is an honour and we're pleased to share this award with our employees, partners and our more than one million subscribers."

"We would like to congratulate SIRIUS Canada Inc. and its employees for achieving Canada's highest level of business excellence. It takes a united effort and we are privileged to acknowledge such a strong team" said John Hughes, Partner, Private Company Services group with Deloitte, a national sponsor of the Best Managed program.

Among Canadians, SIRIUS is the entertainment brand of choice both at home and in-vehicle. According to The NPD Group, 8 out of 10 satellite radio shoppers selected SIRIUS at retail throughout 2009 while SIRIUS' automotive partners make up 60 per cent of vehicle sales in Canada. SIRIUS is available in more than 160 vehicle models in Canada.

About Canada's Best Managed Companies

Canada's 50 Best Managed Companies continues to be the mark of excellence for Canadian owned and managed companies with revenues over $10 million. Every year, since the launch of the program in 1993, hundreds of entrepreneurial companies have competed for this designation in a rigorous and independent process that evaluates their management skills and practices. The awards are granted on three levels: 1) Best Managed winner (one of the 50 new winners selected each year); 2) Requalified member (repeat winners retain the Best Managed designation for two additional years, subject to annual operational and financial review); 3) Platinum Club member (winners that maintain Best Managed status for a minimum of six consecutive years). Program sponsors are Deloitte, CIBC Commercial Banking, National Post, and Queen's School of Business. For further information, visit www.canadas50best.com.

About SIRIUS Canada

SIRIUS Satellite Radio Canada, one of Canada's 50 Best Managed Companies, is the country's leading audio entertainment company with more than one million subscribers.

SIRIUS offers 120 channels of commercial-free music, premium sports, news, talk and entertainment programming from studios in Vancouver, Toronto, Montreal and New York. SIRIUS offers listeners unparalleled coast-to-coast signal coverage and digital quality sound broadcast from four high-orbit satellites.

SIRIUS is the Official Satellite Radio Partner of the CFL, NFL and NASCAR and broadcasts live play-by-play games of the CFL and NFL games. SIRIUS is also the exclusive satellite radio home of CBC's Hockey Night in Canada Radio. In addition, SIRIUS broadcasts live NASCAR races, Barclays English Premier League and UEFA Champions League soccer.

SIRIUS products for the car, truck, home, RV and boat are available in more than 3,500 retail locations, including Best Buy, Canadian Tire, Centre Hi-Fi, Costco, Dumoulin, Future Shop, Home Hardware, London Drugs, Staples, The Source, Visions, Wal-Mart and 2001 Audio Video.

SIRIUS Canada's automotive partners include Aston Martin, Audi, Bentley, BMW, Chrysler, Dodge, Ford, Jaguar, Jeep, Land Rover, Lexus, Lincoln, Mazda, Mercedes Benz, MINI, Mitsubishi, Pana-Pacific, Subaru, Toyota, Volkswagen, Volvo and the Canadian Automobile Association (CAA). SIRIUS automotive partners make up nearly 60 per cent of light vehicle sales in Canada.

All SIRIUS programming is available for a monthly subscription fee of only $14.99. Visit www.sirius.ca to listen to SIRIUS live, or to purchase a SIRIUS radio and subscription.

For further information: Media Contact: Jeff Roman, SIRIUS Canada, P: [phone], E: [email protected]