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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?

To: Taki who wrote (138233)	9/13/2004 5:29:24 PM
From: M0NEYMADE	Respond to of 150070

BREAKING NEWS!! - updated MB TECH (MBTT) is rumored to be announcing on September 17, 2004 at 10:30am that MB Tech has entered into a potential agreement with Sirius Satellite Radio (SIRI) specializing in the antenna sector of the company's business to develop, manufacture and sell antennae-related products of MB Tech such as the auto positioning Flat Antenna, phased array antenna, in motion tracking antenna, etc. Initial contract dollar figures are now confirmed at $45,500,000 US from the previously stated $30,000,000, with the option to renew after 90 days. Furthermore, renewal contracts are expected to be valued at over $108,000,000 US for the first year. Mr. Hanwook Bae and Mr. Teakwan Cho, President and CTO have confirmed that MB Tech has also entered into a potential sales contract with Direct TV for an estimated $16,000,000. Both executives have set new share price value and targets below. Mr. Bae, President of MB Tech said, "This announcement has two meanings: Initially, we are planning to focus more on the higher margin segments of the satellite industry like auto positioning antenna's, phased array antenna's, marine tracking antenna's and military navigation systems. As CEO of the new company, I have proven my goal to succeed in the antenna business, both in North America and elsewhere. Secondly, we are reorganizing MB Tech Korea's assets along its core strengths to create a more efficient cost structure. MB Tech Inc expects significant growth in the share price to new levels, upon full disclosure of this agreement to the public."