LOS ANGELES, June 20, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT) announced today that it has elected Mr. Joowook Chun to the board of directors as Vice Chairman.
Mr. Chun has a distinguished career, having worked with Samsung Trade Corp., as a Director, Samsung Life Insurance as a Director, Samsung Petroleum Chemistry Inc., as General Manager, Samsung, Secretariat: Chairman's office, Samsung Singapore Pte Ltd, MD, and served as the CEO of Cheil Jedang Business Group.
Mr. Hanwook Bae, President of MB Tech stated, "Mr. Chun will provide the valued leadership and management that will guide our company to meet its goals." He added, "Building a solid board of directors with experience and relationships in our industry is paramount to our success, and will help ensure access to the relationships and capital needed to grow the Company."
About MB Tech, Inc.
MB Tech is a global manufacturer and distributor of satellite components.
The primary product MB Tech produces is "LNB" electronic diodes, which are the essential element enabling DBS satellites to receive and convert satellite transmission signals. MB Tech currently serves the satellite television market, and is expanding to serve the satellite radio and military hardware sectors.
MB Tech manufactures several proprietary LNB solutions that differentiate it from competitors. MB Tech's product line includes a dual-horn LNB which allows multiple set-top boxes to be connected to a single satellite dish, enabling viewing of multiple channels simultaneously on different television monitors, and a tri-horn LNB, which provides the ability to download signals from multiple satellites over a single dish.
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the Company may make orally in connection with this release are not historical fact and are forward-looking statements within the meaning of the private securities Litigation Reform Act of 1995. Actual results may differ materially from those forward-looking statements, as such statements involve risks and uncertainties that could significantly impact the company's business and the actual outcome and results may differ materially.