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June 23, 2004 Stock Pick: MB Tech, Inc. (MBTT)

Stock Price: $0.062

MB Tech, Inc. is a global manufacturer and distributor of electronic components. MB Tech and its subsidiaries produce products primarily in Korea for the satellite industry and communications technologies with consumer and military applications.

MB Tech has pioneered a product known as the dual-horn LNB, which enables a satellite to allow different channels on multiple televisions similar to cable television. The company’s other major product, the Flat Antennae, is ready for a major launch in the near future. Development and testing is complete on the Flat Antennae.

The company plans on developing relationships with Direct TV and XM Satellite radio.

Yesterday, MB Tech answered a plaintiff’s claim stating that his press release was “not only false, but highly defamatory.” MB Tech’s answer caused the price to return to the pre-release level.

There is little downside at this level with the potential for MBTT to double on big news.

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