Digital Broadband Networks Inc. Exercises Option to Acquire 51% Equity in Amove Resources.

Business Editors/High-Tech Writers

FLEMINGTON, N.J.--(BUSINESS WIRE)--Feb. 2, 2004

Digital Broadband Networks, Inc. (OTCBB:DBBD) www.dbni.net today announced that it had exercised its option to acquire a majority stake in Amove Resources Sdn Bhd furthering the company's strategy of entry into the rapidly developing secured shipping business. The company's wholly owned subsidiary, Animated Electronic Industries Sdn Bhd ("AEI"), entered into a definitive agreement to acquire 51% equity in Amove Resources Sdn Bhd ("Amove") for $526,315 in cash from Mr. Lee Boon Huat, the principal shareholder of Amove.

AEI made an initial cash payment of $26,315. The balance of the purchase price is to be paid at closing, which is to occur by March 31, 2004. The purchase agreement is subject to customary closing conditions, including the completion of a financial and legal due diligence audit to AEI's satisfaction and the renewal of certain contracts with Amove's existing customers, which include multinational companies and Fortune 50 U.S. companies operating in Malaysia. AEI will fund the balance of the purchase price from internally generated funds.

The remaining 49% will be held by Mr. Lee and his family. Mr. Lee will continue to serve as the Chief Executive Officer of Amove and will guarantee a minimum profit after taxes of $137,000 for fiscal years ending December 2004 to 2008.

Mr. Lee, who is also the Managing Director of Amove, stated: "We are pleased to be part of the Digital Broadband Networks Inc. group of companies. This new development has placed us in a stronger position to secure bigger contracts and diversify into security-related business that include the provision of secured shipping service in Malaysia. Two of Malaysia's ports, Port Kelang and Port of Tanjung Pelepas, have confirmed their participation in the Container Security Initiative implemented by the U.S. Customs and Border Protection."

Patrick Lim, Chairman and CEO of DBBD commented, "The acquisition of Amove will strengthen the existing business partnership between our company and Amove. It is our belief that this partnership will contribute to increased revenues for DBBD in 2004 and beyond. By combining Amove's customer base and expertise in providing logistic solutions with DBBD's technical know-how and leading edge solutions, we hope to realize our objective of becoming the leading integrated secured shipping provider in Asia."

On December 4, 2003, DBBD announced that it had entered into a Joint Venture Agreement with Amove to implement a secured shipping service. On December 10, 2003, DBBD further announced that it will jointly implement a central monitoring service with Amove during the first quarter of 2004.

About Digital Broadband Networks:

Digital Broadband Networks, Inc. and its subsidiaries are involved in the development, integration and provision of secured shipping service, sale of biometrics security devices, delivery of value added applications and service and development of Web based interactive multimedia content. The group is also involved in the development and/or sale of specific products and applications that utilize the capacities of a broadband network. These include the EyStar SmartHome Console, broadband modems, biometrics systems and Internet-based cameras. For more information about the above products and services, please visit our websites, www.dbni.net and www.eystar.com.

About Amove Resources:

Incorporated in 1992, Amove Resources Sdn Bhd (www.malaysiayellowpages.net/amove) is engaged in the provision of facility management, security management, warehousing, industrial packing and transportation of all kinds of machinery and equipment; rigging services including moving machinery and exhibition/event logistics; domestic and international industrial relocation; and supply of personnel to factories operated by multinational and local companies.

Safe Harbor Statement:

Investors should carefully consider the preceding information, as well as other information contained herein before making an investment in the common stock of the Company. Information contained herein contains forward-looking statements and information that are based upon beliefs of, and information currently available to management, as well as estimates and assumptions made by management. Forward-looking statements can be identified by the use of forward-looking terminology such as "believes", "expects", "is expected", "intends", "may", "will", "should", "anticipates", "plans" or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause actual results to vary materially from historical results or from any future results expressed or implied in such forward-looking statements. Digital Broadband Networks does not undertake to update, revise or correct any forward-looking statements.

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