LOS ANGELES, Nov. 11, 2003 (PRIMEZONE) -- MB Tech, Inc. (OTCBB:MBTT) announced today that it has completed production prototypes for specific global DBS service providers designed around the Company's model MFDA-350 Auto Positioning Flat Antenna.
The antenna units were developed specifically for major service providers in North America and Europe, including DirecTV, Astra, Bell and Sky.
Based on initial successful testing of the Flat Antenna, MB Tech anticipates strong sales and orders throughout the next several quarters.
Hanwook Bae, President of MB Tech, stated "Our new model MFDA-350 auto-positioning flat antenna has now proven itself with various satellite service providers, opening the door to immediate and expansive revenue opportunities." Bae continued, "We anticipate that this product will be well received and generate strong, consistent order flow."
MB Tech previously announced completion of the development of the antenna and North American licensing of the Patent to protect its portable antenna system. The US Patent no. 6,512,490, applies specifically to a portable satellite antenna mechanism capable of implementing an accurate horizontal and vertical directional position to attain a satellite signal automatically.
MB Tech's new proprietary flat antenna system is designed to cater to the needs of the satellite entertainment user, regardless of where they may be. The small form factor antenna provides mobility, ease of use, and exposure to multiple vertical markets including apartments, condos, boats, RV's, SUV's and Limousines.
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.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.
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MB Tech Korea
2 FL., Shinkang Bldg. 309-141
Sungsoo-Dong 2-GA, Sungdong-Gu
Seoul, Korea
Phone: 011-82-2-463-3911
Fax: 011-82-2-463-3914
info@mbtech.us
Investor Relations
Elite Financial Communications Group
Stephanie Noiseux, Vice President of Client Relations
(407) 585-1080
steph@efcg.net