LOS ANGELES, June 17, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT) announced today that Mr. Charles Potter has been appointed to the Company's Board of Advisors.
Mr. Potter's career in the investment and finance industry spans more than fifty years. Mr. Potter has served as a partner and managing director of Wall Street powerhouse Bear Stearns & Co. (NYSE:BSC) and as Sr. Vice President of Oppenheimer & Co. which later became CIBC Oppenheimer.
He is a Chartered Financial Analyst who has held senior level positions ranging from securities analyst to vice chairman. His expertise includes analysis, investment banking, mergers and acquisitions. Mr. Hanwook Bae, President of MB Tech, Inc. stated, "Mr. Potter has been appointed to advise the Company in the area of corporate finance, mergers and acquisitions." He added, "Mr. Potter brings a wealth of knowledge and expertise to the Company, which will be utilized to aggressively pursue opportunities that will enhance shareholder value."
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.