LOS ANGELES, July 17, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT) announced today that Mr. Donald Adams has been appointed to the MB Tech Advisory Board.
Mr. Adams career has been in the aircraft, aerospace and defense industries for over four decades. He currently serves as President of D.S. Adams Associates, Inc., an international marketing consulting and high technology oriented sales representative business. The consulting and marketing advice of his company has resulted in over two hundred million dollars in export sales for Canadian and United States firms.
Mr. Adams was appointed and served as a member of the negotiating team for the Canadian Government on the $2.8 billion procurement of one hundred and forty CF18A fighter aircraft systems, sub-systems components and all other items in non-aerospace related categories. This negotiating team secured from McDonnell Douglas Corporation offset business in excess of $3 billion for specifically identified Industries.
Mr. Hanwook Bae, President of MB Tech, Inc. stated, "Mr. Adams will prove to be immensely valuable to our Company. His expertise in negotiating and securing high-level defense and military related contracts will assist us in taking MB Tech to the next level of revenue generation and growth."
About MB Tech, Inc.
MB Tech is a global manufacturer and distributor of satellite components.
The primary product MB Tech produces is "LNB" low-noise blockdown converters, 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.