LOS ANGELES, Nov. 14, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT) announced today that it has entered into an agreement with Willsearch to market MB Tech's recently developed DBS Flat Antenna system in conjunction with Willsearch's new high-end XVISION 5000 multi-media set-top box.
Hanwook Bae, CEO of MB Tech, commented, "This collaboration furthers the paradigm shift in MB Tech's business, which is forming as a result of the introduction of the Company's planned line of products. These products are centered around the Portable Flat Antenna System and other new products such as the active motion auto-positioning Flat Antenna System for Direct Broadcast Satellite Services.
MB Tech is moving from being a producer of electronic components only, to a consumer electronics company with specialized and unique product offerings and the accompanying higher margins of that business.
The envisioned bundled solution, which is thought to be unique to the marketplace, will allow broadcasters and satellite service providers to supply enhanced television broadcasting services.
Bae further commented, "We are excited about the possibilities that the XVISION 5000 adds to standard broadcasting content. The system provides a dynamic entertainment and information center for the telecommunications industry and cable television industry for which the box was developed. Now, the box is being re-engineered for satellite use as part of the collaborative agreement."
MB Tech will offer the Flat Antenna solution with the Willsearch box as a high-end product. The Company will also offer the Flat Antenna with a standard, full-functioning, low-cost set-top box and additionally as a stand-alone antenna for existing subscribers who simply want to use the Flat Antenna as a programming receiver for satellite television.
By marketing the Willsearch box with MB Tech's DBS Flat Antenna system, the consumer will have a complete interactive home entertainment system with optimum programming and entertainment options in one simple solution. Additionally, MB Tech will assist Willsearch with its overall marketing initiative of the XVISION 5000 product to the telecommunications industry as a whole, in addition to Willsearch's own marketing initiatives.
About the XVISION 5000
The XVISION 5000 is a two-way TV set-top-box that works in a "networked" type of environment, allowing users to "surf" the Web and watch standard television broadcasting. When utilized in conjunction with MB Tech's DBS Flat Antenna system, end users would have access to a vast amount of programming and various other multi-media entertainment options.
Applications include: Enhanced television broadcasting capabilities, Internet web-surfing that is superior to previously released versions of Web enabled TV type services which emulate actual computer type viewing, online Video and Music on Demand Services, EPG (Electronic Program Guide), access to enhanced program information, on-line and offline games and karaoke with online access to virtually unlimited karaoke programming via the Internet.
For more information visit: www.willsearch.co.kr
About MB Tech, Inc.
MB Tech is a global manufacturer and distributor of electronic components for the DBS satellite industry.
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(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.