LOS ANGELES, Dec. 15, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT) announced today that Bruce Babcock has joined MB Tech to assist the Company in reaching its marketing objectives. Babcock joins MB Tech with over 35 years' experience with AT&T (NYSE:T), Squibb, RCA, General Electric (NYSE:GE) and Thomson (NYSE:TMS) identifying and executing marketing/business development solutions for business-to-business and business-to-consumer products.
High technology assignments at Thomson, as Vice President, Digital Programming, included the launch of the first widescreen television sets in the U.S., North America's first High Power DBS satellite system (DirecTV), the creation of the DVD Industry and the introduction of HDTV in the U.S. market.
As a result of his HDTV assignment, Mr. Babcock was named to the Consumer Electronics Association's "Academy of Digital Pioneers" in 2001. In addition, Mr. Babcock served as the Vice Chairman of CEA's Video Division, was an original member of the DVD Video Group (DVD Entertainment Group, today) and on the Board of Directors of IRMA (International Recording Media Association).
At GE Americom, Mr. Babcock's responsibility included satellite transponder sales and was part of the team to launch the Primestar medium power k-band satellite joint venture (Primestar Partners) with several leading Cable MSO's (Mutiple System Operators).
Hanwook Bae, President of MB Tech, commented, "Mr. Babcock's experience with new product launches in the consumer electronics market fits perfectly within our paradigm shift strategy." He added, "His (Babcock's) industry contacts and immense industry marketing experience provides us with an important asset in crafting and implementing new strategies."
As part of his consultancy, Babcock will also be assisting the Company as a member of its advisory board.
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.co.kr or http://www.mbtech.us
Safe Harbor Act Disclaimer
The statements contained in this release and statements that the Company(s) 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.