LOS ANGELES, April 5, 2004 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT) announced today that it has appointed Mr. Harry Kay, who will act as an outside Director for the Company. Kay has an extensive international background and high-level contacts in public, private and governmental organizations throughout the world.
Kay's experience includes senior management positions with public companies, negotiation and contract expertise, venture capital and governmental liaison work. Between 1980 and 1990, Kay worked to create diplomatic relations between Israel and Albania. He acted as a representative of Kuwait in regards to the release of 700 Kuwaiti prisoners after the first Gulf War. He is also a retired U.S. Marine Platoon Sergeant, having seen combat in Guadalcanal, Bouganville, Guam and Okinawa, as well as a commanding officer in the Israeli army during the War of Liberation and highly decorated.
Kay, in conjunction with MB Tech advisor Charlie Potter will be assisting the Company with business development and strategic planning. Potter, a 40+ year veteran of Wall Street, has served on the Board of Directors for a number of publicly traded companies. An extremely accomplished Chartered Financial Analyst (CFA) and money manager, Potter worked as a senior vice president and limited partner of Bear Stearns and as a Senior Vice President at Oppenheimer. He also served as an Adjunct Professor of Finance at New York's Mercy College and has guest-lectured at New York University.
A recognized expert in the industry, Potter has participated as a guest on numerous television and radio shows and has been featured and quoted in many financial publications, including the Wall Street Journal and Barron's. Mr. Potter's professional affiliations include the New York Society of Securities Analysts, the Financial Analysts Federation, the Financial Investment Analysts Association and the Financial Analysts Money Managers Society.
Hanwook Bae, President of MB Tech commented, "Mr. Kay's worldwide network of high-level governmental and private sector contacts should prove to be extremely valuable to MB Tech as we continue to execute our strategy." He added, "The team of advisors and board members we have assembled for MB Tech speaks to the validity and timeliness of our technology. We will continue to innovate and aggressively pursue opportunities."
About MB Tech, Inc.
MB Tech is a global manufacturer and distributor of electronic components. MB Tech and its subsidiaries produce products for the DBS satellite industry and state of the art RF microwave and communications technologies with consumer and military applications.
MB Tech serves the satellite television market as a provider of hardware and bundled solutions, and is expanding to serve the satellite radio and military hardware and solutions sectors. MB Tech manufactures several proprietary solutions that differentiate it from competitors, including active and non-active auto-tracking (portable and stationary) flat antennas.
MB Tech pioneered advancements like the 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.