LOS ANGELES, August 12, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT) announced today that Major General Zeev Livne (Is.Ret) has been appointed to the MB Tech Advisory Board.
Major General Livne has had a long and distinguished career in the Israeli military, having served his country for more than 30 years.
In February 1992, with the establishment of the IDF Home-Front Command, he was appointed its first commander and promoted to the rank of Major General. In August 1994, Major General Livne was appointed Commander of the Ground Forces Command and in June 1996 he was appointed Military Secretary to the Prime Minister and more recently the military attache to the United States and Canada.
Hanwook Bae, President of MB Tech, commented, "Major General Livne has had a distinguished military career. His wealth of knowledge and experience will be invaluable as we move forward with our efforts to penetrate other overseas markets, including the Middle East." He added, "We will rely on Major General Livne's judgment and in-depth understanding of the region to better assist us with our business development efforts."
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.
View the MB Tech Power Point presentation: http://www.mbtech.us/investors.htm
MB Tech manufactures several proprietary LNB solutions that differentiate it from competitors. MB Tech's product line includes a dual-horn LNB, for use on DBS satellites (the miniature small satellite dishes predominantly used in residential and commercial applications), which allows multiple set-top boxes to be connected to a miniature 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.