A Novo Broadband Signs Five Year Warehousing and Logisitics Agreement With Ameritech New Media.

Business/Technology Editors

HOLLYWOOD, Fla.--(BUSINESS WIRE)--June 29, 2001

A Novo Broadband (OTCBB: ANVB)--

Contract Broadens Companies' Existing Relationship

A Novo Broadband, Inc. (OTCBB: ANVB) ("A Novo") today announced that it has signed a five-year warehousing and logistics services agreement with Ameritech New Media ("Ameritech"), one of the largest cable operators in the Midwestern United States. This follows the signing of a service and repair agreement between the companies in February 2001, under which A Novo is the exclusive vendor for the repair of certain Ameritech equipment.

A Novo's Columbus, Ohio facility will provide warehousing and logistics services for a range of Ameritech's analog equipment, including converters, linegear, headend and power supplies. A Novo will ship this equipment to Ameritech's operating locations in Illinois, Ohio and Michigan.

Ameritech New Media, based in Chicago, Illinois, provides over 100 television channels to more than 300,000 customers in over 100 communities containing more than 1.9 million households in the Chicago, Illinois; Cleveland, Ohio; Columbus, Ohio; and Detroit, Michigan metropolitan areas. Information about Ameritech New Media is available on the Internet at www.ameritech.com. A Novo Broadband, Inc.

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Louis Brunel, President and CEO of A Novo, stated, "This agreement further illustrates the Total Solution service and repair capabilities that A Novo offers to OEMs and broadband system operators throughout North America. This agreement is another signal of why we believe that manufacturers and broadband system operators will continue to outsource the service and repair function. A Novo is prepared to address this accelerating trend. We also believe that Ameritech, by broadening its existing relationship with A Novo, is confirming its confidence in our ability to deliver a broad range of services in an efficient, cost effective and customer-friendly manner."

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 four service centers located in California, Ohio, Florida and Canada. The Company has contracts with and serves a blue chip customer base that includes Scientific Atlanta, Pace Micro Technology, Ameritech New Media, Adelphia, Comcast, 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.