Digital Broadband Networks Inc. Provides Update on New Organization Structure Following Recent Acquisitions.

Business Editors/High-Tech Writers

FLEMINGTON, N.J.--(BUSINESS WIRE)--Dec. 15, 2003

Digital Broadband Networks, Inc. (OTCBB: DBBD) www.dbni.net today provided investors with an update on the status of its recent acquisition activities in the secured shipping industry. DBBD reported that it has now incorporated three new subsidiaries: Asiaco Multi Corporation (Thailand) Co. Ltd. ("AMCT"), Asiaco Multi Corporation Sdn Bhd. ("AMC") and Index Quest Sdn Bhd, which the Company intends to use to operate this line of business.

AMCT will be used as the vehicle to acquire the business and selected assets of Asiaco Material Handling (Thailand) Co. Ltd. ("AMHT"), as well as to enter into joint ventures or partnership with Thai companies to provide secured shipping and biometrics security solutions.

AMC will be used as the vehicle to acquire the business and selected net assets of companies within the Asiaco group, based in Malaysia, that are currently generating revenues and profits with minimum liabilities. DBBD will own 60% of the equity in AMCT and AMC.

Index Quest Sdn Bhd is a joint venture company established by DBBD and Amove Resources Sdn Bhd ("ARSB") to provide secured shipping services. DBBD owns 51% of the joint venture company. The board of directors of Index Quest is comprised of Patrick Lim, Chairman of the board of DBBD, Mr. Boon Huat Lee and Mr. Wan Malek Ibrahim. Mr. Lee who is currently the Managing Director of ARSB has over ten years experience in the logistics business. Mr. Ibrahim was the former director of World Airways (Nasdaq: WLDA) and also the former Managing Director of Malaysia Airlines.

Additionally, DBBD has been granted an option to acquire a 51% equity in ARSB. The acquisition of ARSB is expected to be completed by January 2004.

"There is a growing demand for secured shipping, supply chain management services and supply of biometrics security systems in South East Asia. We acquired the Asiaco group of companies and partnered with ARSB to enable us deliver a total solution for secured shipping," stated Patrick Lim, Chairman and CEO of DBBD. "Further acquisitions may be considered to strengthen distribution of our biometrics security products and EyStar SmartHome Console."

For more information on the above investment structure, visit http://www.dbni.net/downloads/InvestmentStructure(Asiaco).pdf and http://www.dbni.net/downloads/InvestmentStructure(Amove).pdf

About Digital Broadband Networks:

Digital Broadband Networks, Inc. and its subsidiaries are involved in development and integration of secured shipping solution, sale of biometrics security devices, delivery of value added applications and service and development of interactive multimedia content for the Internet. 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 Asiaco Group of Companies:

Asiaco Material Handling ("AMH") and its subsidiaries (www.asiaco.com.my/asiacog.htm) are primarily engaged in supply chain management, land transportation and secured logistics, as well as the sale, rental and servicing of material handling equipment. Incorporated in 1982, AMH is one of the fastest growing material handling and secured logistics company in Malaysia and Thailand. AMH's clients range from multinational companies to small and medium enterprises in these countries. The group currently employs 328 personnel.

About Amove Resources Sdn Bhd:

Incorporated in 1992, Amove Resources Sdn Bhd (www.malaysiayellowpages.net/amove) is engaged in following services: 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. The Company is based in Prai, Malaysia and currently employs 450 personnel.

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.

L.G. Zangani, LLC provides financial public relations service to the Company, As such L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations and or other services in the form of moneys, capital stock in the Company, warrants or options to purchase capital in the Company.