A Novo Broadband Announces Additional Cost Efficiencies.

Business Editors & High Tech Writers

HOLLYWOOD, Fla.--(BUSINESS WIRE)--Oct. 10, 2001

A Novo Broadband, Inc. (OTCBB:ANVB) which provides "Total Solution" service and repair of broadband equipment to OEMs and broadband systems operators throughout North America, today announced a management reorganization in connection with its recent acquisition of the equipment repair business of Broadband Services, Inc. The Company reported that the integration of the acquired business enabled it to eliminate the former positions of its U.S. Regional Vice Presidents and the office of the Chief Financial Officer. Louis Brunel, CEO, will assume the duties of the CFO. As a result of the changes, the Company expects to realize cost savings of approximately $1 million in its current fiscal year ending September 30, 2002. These savings would be in addition to $1 million in previously projected cost efficiencies which the Company expects to realize in the current fiscal year in connection with its integration of the acquired business. The Company incurred charges of approximately $500,000 in its fiscal year ended September 30, 2001, in connection with these changes.

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 telecommunications equipment on an industrial scale in Europe, and North and South America. The company has its corporate office in Hollywood, Florida, and six service centers located in California, Delaware, Florida, Wisconsin, Ohio and Canada. The Company serves a blue chip customer base that includes 3Com, AT&T Broadband, Adelphia, Alpha Technology, Ameritech New Media, Comcast, Motorola, Pace Micro Technology, Rogers, Scientific Atlanta, Time Warner and Videotron.

This press release includes statements which constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act 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.