May 25, 1999

Company Name:                       BroadBand Networks Corporation                                                                                                                                          

Address:                                    990 Richard Avenue Suite 112

                                                    Santa Clara, CA 95050

Telephone  Number:                 (408) 988-2060                                                                                                                                          

Internet Home Page Address

  (URL):                                       www.bbnc.com

Chief Executive Officer:            Ralph P. Manfredo

Investor Relations Contact:      Ralph P. Manfredo  

Business number:                     (408) 988-2060 ext. 101

Public Relations Contact:         Jeffrey O. Kraft

Business number:                     (408) 988-2060 ext. 103

Industry:                                     Telecommunications, Television, Satellite, Cable, and Network Management

Who is BroadBand Networks Corporation?

BroadBand Networks Corporation, is a leading provider of end-to-end solutions for the digital video and data networking industry.  BroadBand Networks Corporation products provide digital networking with a complete open architecture.  BroadBand Networks Corporation's multi-channel redundancy, network management with remote control systems instill that confidence which must accompany devices that operate flawlessly for customers requiring 24 hours/day, 7 days/week and 365 days per year performance without interruption. 

BroadBand Networks Corporation is a privately held company with offices located in Santa Clara, CA, in the heart of Silicon Valley and may be reached by phone at (408) 988-2060 or on the World Wide Web at: http://www. www.bbnc.com.

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What BroadBand Networks Corporation does

BroadBand Networks Corporation (BBNC) manufacturers a complete line of ATSC certified Asynchronous Transfer Mode (ATM) multiplexers (mux) and ATM demultiplexers (demux) ATM Forum UNI-3.0/3.1. BBNC encoders, ATM muxes, demuxes and decoders are designed for reliability and are all designed using MPEG-2 compression technology.  BBNC ATM multiplexers have unique circuitry that includes proprietary traffic shaping algorithms that will smooth video streams and reduce the jitter in an ATM network.  This will insure a smooth, uninterrupted flow of video.  This conceptual approach permits BBNC equipment to be connected to virtually any ATM networking product, including central office facilities, without any modification at either end.  BBNC ATM devices can also act as an ATM network edge device without any modification.

BBNC's multi-channel system operates in a unattended fault-tolerant mode with automatic fail-over to backup or redundant components. 

BroadBand Networks Corporation products enable users to digitally encode, compress, transmit, decode and store video signals for a complete range of applications including, distance learning, broadcast television, conferencing and entertainment.

Through its Intelligent Broadband Service Network (IBSN) solution, BroadBand Networks Corporation is advancing the state-of-the-art for video and data communications into the 21st century.

History

In the spring of 1998, Ralph P. Manfredo brought together the leadership team of Kit Sakamoto and Neil Mammen.  With him, they unfurled the banner of BroadBand Networks Corporation for the very first time.  The combined leadership at that April 13^th meeting would result in a team that would move foreword to provide unparalleled end-to-end solutions for broadcast quality MPEG-2 digital video streams over ATM networks.

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Shortly after formation, BroadBand Networks Corporation acquired the assets of NUKO Information Systems, a San Jose, CA public company.  This included all intellectual property, patents, pending patents, trademarks, finished goods inventory, raw materials and the test equipment required to manufacture, install and support the customer base.  BBNC also acquired NUKO's customer base, and are providing support to ensure those customers will not be abandoned. The value of this acquisition is well in excess of thirty-seven million dollars.  As a result of the NUKO acquisition, BBNC was immediately ready to build and ship any of the existing products. BBNC is currently making significant product improvements on NUKO designs and has established partnerships with key technology leaders.

At NAB '99 BroadBand Networks Corporation introduced the Millenium 2000 product family that consisted of single and multi-channel "codec" systems.

In addition to the NUKO acquisition, key company milestones have occurred, the first being in October 1998 when Gordon Kraft became a member of the Board of Directors, followed by BroadBand Networks Corporation's first major systems shipment, in December 1998 to, Bell South.  The most recent of the milestones was when Jeffrey Kraft joined BroadBand Networks Corporation as Vice President of Operations in January 1999 and his subsequent appointment as a corporate officer in February 1999

The Leadership Team

Ralph P. Manfredo, President, Chief Executive Officer & Cofounder

With over 15 years of high technology management experience, Mr. Manfredo has created history in the networking marketplace by introducing numerous uniquely first-of-their-kind products in the industry.  In addition to his visionary approach to networking products, Mr. Manfredo brings with him to BroadBand Networks Corporation his vast experience as a manager, having held several positions with other companies including NUKO Information Systems, Inc., BroadBand Networks Corporation's predecessor.

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Mr. Manfredo's experiences also include: founding Spectrum Networks Corporation of San Jose, CA,, where he was President & CEO; Ferranti Datacom, Inc. of Sunnyvale, CA, where he was Director of Marketing & Sales and NUKO Information Systems, Inc. where, among other positions, he was Product Line Manager.

Mr. Manfredo was able to manage a leveraged buy out of NUKO Information Systems, Inc. and as part of that buy out, he acquired all intellectual properties, patents, trademarks and physical inventories of the old company.   This put BroadBand Networks Corporation in the position to build and ship, upon demand, without interruption and under Mr. Manfredo's direction, continue to maintain all existing equipment and customers as part of BroadBand Networks Corporation's commitment to supporting the NUKO product line.  Mr. Manfredo has a Bachelor of .Science in.Electrronic Engineering from the Utica New York campus of Syracuse University.

Kit Sakamoto,  Vice President of Worldwide Sales & Cofounder

Mr. Sakamoto brings to BroadBand Networks Corporation over 20 years of successful technical sales and marketing experience with the last twelve having been in sales and market management.  Mr. Sakamoto has been involved with the analog/digital video convergence since 1993, and is considered an expert in the emerging Digital Video Networking marketplace.

As Channel Sales Manager at FutureTel, Inc. he developed the early strategy for sending MPEG digital video over data networks.  His resellers successfully implemented the first MPEG streaming video for ADSL networks, cable headends, video surveillance, distance learning and video dailies for the entertainment industry.  As AVP of OEM Sales for NUKO Information Systems and then Director of World Wide Sales at InnovaCom, Inc., Mr. Sakamoto expanded upon his prior successful installations by implementing high quality video over broadband networks.

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As Director of Business Development at LS2, Inc., Mr. Sakamoto's 20-person group in the US subsidiary was instrumental in developing hardware/software system networking solutions and subsequently set up the marketing and sale s program that became extremely profitable for the company.  Mr. Sakamoto has a Bachelor of Science degree in Business from San Jose State University.

Jeffrey O. Kraft  Corporate Vice President of Operations

Mr. Kraft joined BroadBand Networks Corporation in January 1999. Mr. Kraft's vast experience as both a manager and an executive at several high tech companies has proven to be of great benefit to BroadBand Networks Corporation.

Prior to joining BroadBand Networks Corporation, Mr. Kraft was the President of Artificial, Inc., of Marco Island, FL, a web site developer.  In addition to this Mr. Kraft was Vice President of sales for DiagSoft, Inc., a wholly owned subsidiary of Sykes Enterprises, Inc. with headquarters in Tampa, Florida and concurrently he was President of Maui Analytical Synthesis Technologies, Inc. (MAST) of Kehei, Hawaii.  

Mr. Kraft is also currently the sole proprietor of JSoft, a marketing group in the Silicon Valley area.

Mr. Kraft holds a Bachelor of Science degree in Business Administration from San Jose State University.

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Customers

The following is just a partial list of

BroadBand Networks Corporation's Customers.

Bell South

BOSCH

Digital Broadcast Open Video System

(DBOVS of California)

General Telephone and Electronics

(GTE)

 The Los Angeles International Airport

MCI

 The National Aeronautics and Space Administration

SolNet Technologies

(of New Zealand)

 Saturn Communications

(of New Zealand)

Telus Multimedia

(of Canada)

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