Imporex Investments Corporation - Announcement Regarding Acquisition

Imporex Investments Corporation - Announcement Regarding Acquisition

LOS ANGELES--(BUSINESS WIRE)--Nov. 26, 1999--

Imporex Investments Corporation, a Nevada corporation (NQB Pink Sheets: IMVC) today announced that it had acquired California-based communications technologies incubator, Digital Video Broadcast Systems Inc. (DVBS) through the issuance of common shares. After closing, DVBS becomes a wholly-owned subsidiary of IMVC and DVBS will be appointing a new slate of directors.

IMVC issued 22,500,000 common shares to the DVBS shareholders. There are now 23,500,000 shares outstanding.

DVBS is headquartered in Los Angeles and its technical team is based, as a part of the research and development area of DVBS, in the Silicon Valley. DVBS marketing and administrative offices are located in Salt Lake City, Utah; Toronto and Vancouver, Canada; and Seoul, Korea. DVBS plans to open additional offices in the United States and Asia in the near future. Details on DVBS technologies can be viewed at www.videotechnology.com.

Speaking from corporate headquarters, Michael Meyer, Chair of DVBS stated that the agreement will now allow the combined entities to raise significant funding for the furtherance of development plans and the full implementation of their business plan. "We are excited for the future prospects of our business and this is a significant step in the capital arena to accomplish these prospects."

Statements in this news release which are not historical facts are "forward-looking statements" (as defined under securities law) that involve risks and uncertainties. Actual results may differ materially and adversely from those discussed in this release.