Message #3 From:
Stock News Bot Date: December 30, 2005 09:58:00 AM
MBTT News MB Tech Debuts Faserwave Antenna at 2006 International CES to Open up New DBS Markets; Portable Faserwave Antenna Suited for Indoor, Outdoor and Mobile Use
LAS VEGAS--(BUSINESS WIRE)--Dec. 30, 2005--MB Tech (OTCBB: MBTT) will display its new Faserwave antenna at the upcoming International Consumer Electronics Show in Las Vegas. The showing at this event opens up new digital satellite market special applications, including apartments, condominiums, RVs, marina-docked boats, vacation homes and tailgate parties, for example.
Using new proprietary technology, the Faserwave antenna line is cost efficient, portable and adaptable to moving vehicles. It searches for multiple satellites at a time, automatically configuring itself for easy robotic, self installation. The antenna has a built-in low noise block down converter (LNB) and works with major DBS systems such as DirecTV (USA), EchoStar (USA), Bell Express (Canada), Sky Life (Korea) and Sky Perfect (Japan).
"With possibilities for use indoors and outdoors, Faserwave opens up the DBS market for apartments and condominium applications," commented Hanwook Bae, CEO of MB Tech. "With its mobile applications and sleek portable design, it's a great fit for boats in the marina, RVs and tailgating parties as well.
"MB Tech pioneered advancements like the dual-horn and tri-horn low noise blocker (LNB) converters, which allow multiple set-top boxes to be connected to a single satellite dish so subscribers can view multiple channels simultaneously on different television monitors. In 2006, we're launching Faserwave and opening up the DBS market to whole new categories of potential subscribers," continued Bae.
MB Tech is based in South Korea with a satellite office in Los Angeles. Beyond its current product line, MB Tech also is working on antenna designs incorporating nanotechnology and phased array technology.
Earlier this December, MB Tech signed a share exchange agreement to acquire 55 percent of Metaware Co. Ltd. in exchange for 65,175,000 shares of MB Tech. The closing target date is Jan. 15, 2006, subject to completion of due diligence by the parties' boards of directors. Metaware Co. Ltd. is a digital telecommunications company headquartered in Seoul, South Korea. Metaware is the maker of various digital set-top box solutions and other products for the cable and satellite industry.
Further information on MB Tech can be found at www.faserwave.com. MB Tech will hold a press conference at the 2006 International CES to showcase Faserwave at 1:15 p.m. on Friday, Jan. 6, in LVCC S228. Show attendees also can see Faserwave in action at MB Tech's booth in the Sands Expo and Convention Center, # 70919E.
About MB Tech: Listed on financial exchange OTCBB as MBTT, MB Tech Inc. and its subsidiaries develop products for the DBS satellite industry as well as consumer and military applications using RF microwave and communications technologies. MB Tech currently provides the satellite television market with hardware and bundled solutions. The company is expanding to serve the satellite radio and military hardware and solutions sectors. MB Tech manufactures, distributes and markets several proprietary solutions that differentiate it from competitors, including active and non-active auto-tracking (portable and stationary) flat antennas, a mobile phased shift array antenna and a marine antenna.
