Inspiration Products Group Finalizes Agreement with MB Tech, Inc.Business Editors LOS ANGELES--(BUSINESS WIRE)--May 13, 2003 The Board of Directors of Inspiration Products Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). : ISRP ISRP Integrated Submission and Remittance Processing (System) ISRP International Society for Respiratory Protection ISRP Inventory, Shipping, Receiving and Picking (software) ) today announced the signing of a Share Exchange Agreement with MB Tech Inc. in which ISRP will issue 22 million common shares for all of the outstanding shares of MB Tech, who will become a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of ISRP. Completion of the Share Exchange is subject to final due diligence by both parties. It is anticipated that ISRP will change its name to MB Tech Inc. and apply for a new trading symbol on the OTCBB. Based in Los Angeles, California, MB Tech Inc. is a global provider of Satellite Receiver Converters (LNB LNB Low Noise Block LNB Laredo National Bank (Texas) LNB Low Noise Block downconverter (satellite television) LNB Low NOx Burner LNB Lubbock National Bank (Texas) ), an integral part of every DBS (Direct Broadcast Satellite) A one-way TV broadcast service from a communications satellite to a small round or oval dish antenna no larger than 20" in diameter. (Direct Broadcasting Satellite) TV receiver dish. MB Tech has been manufacturing high quality LNB's for Canadian and Thai DBS companies since April 2001, and owns 5 separate patents on its products. The Company will begin exporting to the US, Europe, and other countries in 2003. FORWARD LOOKING STATEMENT The information contained in this news release, other than historical information, may be considered forward-looking statements within the provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. Projections and other forward-looking statements and management expectations regarding future events and/or financial performance of the Company-although given in good faith-are inherently uncertain and actual events and/or results may differ materially. |
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