A Novo Broadband, Inc. and Pace Micro Technology PLC Sign Service and Repair Agreement.Business Editors HOLLYWOOD, Fla.--(BUSINESS WIRE)--March 5, 2001 A Novo Broadband, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ANVB) announced today the signing of a seven year agreement with Pace Micro Technology PLC for the service and repair of Pace's digital products in Canada, Mexico, and the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . This agreement covers both in warranty and out of warranty repair. A Novo Broadband will also provide logistic, distribution and development support for Pace's customer networks. Louis Brunel, President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of A Novo Broadband, stated, "We are pleased that Pace Micro Technology PLC, which uses A Novo as a service partner in France, England, Italy, and Poland has selected A Novo Broadband as an authorized service and repair partner for its digital products in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. ." Bill Fraser William Simpson "Bill" Fraser (b. 5 June 1908, Perth, Scotland - d. 9 September 1987) was a Scottish comedic and straight character actor on the British screen for many years. , General Manager of Services of Pace Micro Technology PLC, added, "A Novo has proven to be an effective service partner for Pace in Europe and we are pleased that A Novo Broadband will now be supporting us in North America. Pace is renowned for the excellence of its after sales service, and we are looking forward to demonstrating our commitment to service to our customers in the USA. Our relationship with A Novo Broadband will help us achieve this." A Novo Broadband, Inc. (www.a-novobroadband.com) is part of the Paris-based A Novo Group (www.a-novo.com) which services broadband, electronic, and telecommunication equipment on an industrial scale within Europe, North America, and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. . The company has its corporate office in Hollywood, Florida Hollywood is a city in Broward County, Florida, United States. As of 1 July 2006, the population estimated by the U.S. Census Bureau is 145,879.[3] Founded in 1925, the city grew rapidly in the 1950s and 1960s, and is now the ninth largest city in Florida. , four service centers located in California, Ohio, Florida, and Canada, and an international distribution center located in Florida. Pace Micro Technology PLC is a pioneer of digital technology for the home and has helped build the global market for pay television services. Using this expertise, Pace is evolving the set-top box into a sophisticated home gateway to enable revenue-generating services for TV and the networked home. In this networked home, the Pace home gateway is the portal for entertainment and interactive communications around the home and with the outside world. Pace analog and digital technology has been installed in over 11 million homes worldwide since it was founded in 1982. The company is now actively involved in all digital platforms - satellite, terrestrial, cable, wireless and xDSL - through relationships with broadcasters, network operators and technology partners in the UK, USA, Europe, Latin America, Australia and the Far East. These achievements were made possible through the commitment of Pace's 1,200 strong workforce, over a third of whom are research and development engineers, dedicated to the development of digital technology for the home and small and home office markets. Pace's head office is in Shipley West Yorkshire, with further offices in Bracknell, Cambridge, the USA and Hong Kong. The company's shares are traded on the London Stock Exchange London Stock Exchange London marketplace for securities. It was formed in 1773 by a group of stockbrokers who had been doing business informally in local coffeehouses. (PIC). Pace's U.S. operations are based in Boca Raton, Fla. For further information, please visit Pace's web site at www.pacemicro.com. This press release includes statements which constitute forward-looking statements made pursuant to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. provision of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are identifiable by use of such words as " belief", "expect", "anticipate" or other similar words or phrases that indicate their forward-looking character. Such statements are inherently subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Factors, which would cause or contribute to such differences are detailed in the Company's Securities and Exchange Commission filings, including its most recent Report on Form 10-KSB. |
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