Digital Broadband Networks to Provide Update on Pending Acquisitions at its Annual Meeting.Business Editors/High-Tech Writers FLEMINGTON, N.J.--(BUSINESS WIRE)--June 25, 2003 Digital Broadband Networks You can assist by [ editing it] now. , Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :DBBD) www.dbni.net today announced that the Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of the Company will provide an update on acquisitions that are in the pipeline at the Company's Annual Meeting of Shareholders on July 7, 2003. These acquisitions include companies that are involved in the data management and security industry. At its Annual Meeting, shareholders will approve the election of one Class 1 director and ratify the appointment of its independent auditor Independent Auditor An external auditor with a certified public accounting designation that qualifies him or her to provide an auditor's report. Notes: These auditors aren't affiliated with the company being audited. , Horwath Gelfond Hochstadt Pangburn, P.C. for the fiscal year ending December 31, 2003. A copy of the Information Statement in lieu of Proxy Statement Proxy Statement A document containing the information that a company is required by the SEC to provide to shareholders so they can make informed decisions about matters that will be brought up at an annual stockholder meeting. has been mailed to shareholders on June 17, 2003. The Board of Directors will not be soliciting proxies and shareholders are advised not to send their proxies to the Company. Patrick Lim, Chairman and CEO of Digital Broadband Networks, stated "The Company has continued to perform well and we expect to report continued revenue growth and improved cash position for the second quarter ending June 30, 2003. The Company will report its full results in its Form 10-QSB on or before August 14, 2003." About Digital Broadband Networks: Digital Broadband Networks, Inc. and its subsidiaries are involved in application development, broadband network operation, delivery of value added Value Added The enhancement a company gives its product or service before offering the product to customers. Notes: This can either increase the products price or value. applications and services; the sale of devices that utilize broadband networks and the sale of biometric security devices. The Company's principal operations include the development and operation of a wireless broadband network in Malaysia, the development of interactive, multimedia content for the Internet and the development licensing and/or sale of specific products and applications that utilize the capacities of a broadband network. These include the EyStar SmartHome Console, broadband modems, biometric systems and Internet-based cameras. DBBD has three subsidiaries: EyStar Media Inc., Animated Electronic Industries Sdn Bhd and Perwimas Telecommunications Sdn Bhd. For more information about the above products and services, please visit our websites, www.dbni.net and www.eystar.com. Safe Harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. 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 (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control provides financial public relations Financial public relations Public relations division of a company charged with cultivating positive investor relations and proper disclosure information. service to the Company, As such L.G. Zangani, LLC and/or its officers, agents and employees, receives remuneration for public relations public relations, activities and policies used to create public interest in a person, idea, product, institution, or business establishment. By its nature, public relations is devoted to serving particular interests by presenting them to the public in the most and or other services in the form of moneys, capital stock in the Company, warrants or options to purchase capital in the Company. |
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