January 21, 2000 - Los Angeles, CA -- Digital Video Broadcast Systems Inc., announced today that the company's Year 2000 marketing and expansion program into the Asian marketplace has been accelerated with the signing of a two (2) year exclusive product extension and master licensing agreement with Boram C& C Inc. Korea -- one of Korea's leading software, hardware, network and multi-media companies.

In order to retain territorial exclusives, Boram must deliver US$40.5 million in royalties to DVBS within a two-year period, commencing three months from the delivery of the technology by DVBS. The territory identified in the Agreement is Asia: Korea, Japan, China, Mongolia, Taiwan, Vietnam, Laos, Cambodia, Singapore, and Malaysia. Under the terms of the Agreement, as Master Licensee, Boram is responsible for maintaining minimum unit sales and revenues. Over a 24-month period, Boram is committed to the sale of 6,250 units of LiveCam^TM 1.0 (or upgrade versions) in hardware or software form, plus a combined total of 18,000 units of AfterBurner^TM and LiveCam^TM. If minimum total revenues to DVBS of US$40.5 million are not met within this period, DVBS has the right to cancel the agreement for non-performance of guarantees.

One of Boram's major clients, Edunet, which equips over 28,0000 schools in Korea, has already been supplied with its first LiveCam^TM and U2U ^TM (video-conferencing) units. Boram hopes to obtain a large order for the schools at the start of the new fiscal year in April, once the agency has completed its budgeting process. Based on positive response to units already delivered to Samsung Medical Hospital, the Korean Manpower Agency (which oversees labor matters throughout Korea), and to other significant private and government clients; DVBS management has expressed confidence that Boram will meet its sales targets. Chosun Ibo, one of Korea's major newspapers has already purchased two (2) AfterBurner^TM web server units.

DVBS' confidence in Boram is founded on its President and Chairman, Kil Soon Park, a respected application developer and hardware engineer with over 22 years of experience. He is a core developer of the computer avionics system and has provided a significant portion of the out-sourced software for Sumsung Corporation, as well as for the Korean government.

Boram generated over US$60 million gross per year in the seven year period prior to the IMF, and since the IMF, has continued to gross approximately US$7 million per year, despite Korea's recent fiscal problems. The company's successes include the design of the national computer network for the Korean department of education.

Digital Video Broadcast Systems, Inc. is a wholly-owned subsidiary of Imporex Investments Corporation Inc. . Its mission is to develop communication technologies that improve voice, data, image transmission and reception over the Internet and on private and commercial Intranets. Among the Company's most recent exciting developments are the AfterBurner^TM web server, LiveCam^TM streaming video solution, SDSN^TM, a distributed server network solution, and U2U^TM video-conferencing system. These products are designed to promote multimedia convergence by overcoming current Internet constraints in bandwidth availability and routing efficiency, especially as applied to the transmission of high-quality video and audio content. The DVBS technical team is based in the Silicon Valley, California. Management, marketing, and administrative offices are located in Los Angeles, CA; Seattle, WA; Vancouver and Toronto, Canada; and Seoul, Korea. Detailed information on DVBS and its technologies can be found at www.videotechnology.com

Further investment information on DVBS can be obtained by contacting Vortex Capital Corporation at (888) 883-1747 or Coffin Communications Group at (818) 789-0100

Statements included within this press release that are not historical in nature constitute forward-looking statements for the purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. Investors are cautioned that this press release contains certain such forward-looking statements that involve substantial risks and uncertainties. When used, the words "anticipate," "believe," "estimate," "expect," and similar expressions as they relate to the Company or its management are intended to identify such forward-looking statements. The Company's results, performance or achievements could differ materially from the results expressed in, or implied by, these forward-looking statements. There can be no assurance that the Company will be able to market, sell and deliver successful its services outside the United States, given risk factors including but not limited to unexpected changes in regulatory requirements, export restrictions, tariffs and other trade barriers, challenges in staffing and managing foreign operations, differing technology standards, employment laws and practices in foreign countries, longer payment cycles, problems in collecting accounts receivable, political instability, fluctuations in currency exchange rates, imposition of currently exchange controls, seasonal reductions in business activity and potentially adverse tax consequences, any of which could adversely affect the Company's international operations. There can be no assurance that one or more of these factors will not have a material adverse affect on the Company's current or future international operations and consequently, on the Company's business, results of operations, and financial condition.