American Multiplexer Corporation Announces Filing of a Form 10 to Become a Public Reporting Company.

SUNNYVALE, Calif--(BUSINESS WIRE)--Nov. 4, 1999--

American Multiplexer Corporation (Nasdaq-OTCBB:AMUT) announced today that it has filed a Form 10, General Form for Registration of Securities, with the Securities and Exchange Commission ("SEC") in order to register its common stock under the Securities Exchange Act of 1934, as amended and to become a public reporting company.

American Multiplexer Corporation ("AMC") is deploying its commercial high-speed Internet Access and Data Multicasting services for delivering voice, video and data direct to the PC or TV. AMC intends to provide an integrated satellite and terrestrial IP platform to support high bandwidth multimedia applications such as video conferencing, distance learning and video on demand.

The services will enable small and medium sized companies to reduce their telecommunications costs and implement programs previously only available to large multinational corporations. AMC will initially offer the wide band commercial services in the U.S. through the co-located HUB at the Level 3 facility in Sunnyvale, Calif., but a similar HUB can be deployed anywhere in the world.

According to Edward Tan, President of AMC, "Our services should have a significant impact on the way companies do business. Subject to SEC clearance of the Form 10 filing, we intend to seek listing on the Nasdaq National Market."

This release contains forward-looking statements that involve risks and uncertainties. The registration and listing of the Company's common stock could be delayed or affected by a variety of factors, including the timing and nature of the SEC and the National Association Securities Dealers ("NASD") responses to the Company's filings or changes in the Company's circumstances relative to the NASD listing requirements. Reference is made to documents filed in compliance with SEC rules and regulations for a discussion of such risks and uncertainties and other factors that may have a material effect on the Company's business.