WorldSpace, Inc. ("WorldSpace") has announced that the asset purchase agreement providing for the sale of substantially all of its assets to Yenura Pte. Ltd. ("Yenura") had been terminated by WorldSpace's debtor in possession lenders ("DIP Lenders"). The DIP Lenders exercised their right to terminate the Yenura purchase agreement after Yenura had defaulted in the payment of certain amounts payable thereunder and had failed to remedy such defaults within applicable cure periods. WorldSpace is in discussions with its creditor constituents regarding, and is reviewing, its strategic alternatives in light of the notification of the Yenura purchase agreement termination. Based in the Washington, DC metropolitan area, 1worldspace™ satellites cover two-thirds of the Earth and enable the Company to offer a wide range of services for consumers, enterprises, and governments, including distance learning, alert delivery, data delivery, and disaster readiness and response systems. 1worldspace™ is a pioneer of satellite-based digital radio services.