LOS ANGELES, June 24, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT) announced today that it has received an order from a European buyer for its single and universal type LNB's.
The contract calls for delivery of 140,000 pieces, valued at U.S. $1,640,000. MB Tech will deliver 70,000 single and 70,000 universal type LNB's for use on flat antennas. Field tests for the single LNB have already been completed. Field testing of the universal type LNB is in the final stage.
Hanwook Bae, President of MB Tech, commented, "This order again demonstrates our ability to sell the Company's technology into any of the major world markets." He added, "We are now selling into the North American, Asian and European markets. MB Tech is a global company, which allows us to capitalize on strong overseas demand for our products."
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.
For more information refer to the company's website at: http://www.mbtech.us
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.