A NOVO BROADBAND, INC. TO FILE FOR CHAPTER 11 PROTECTION

NEW CASTLE, Del.--(BUSINESS WIRE)--December 17, 2002--A Novo Broadband, Inc.
(OTCBB:ANVB - news) announced that it plans to file in Federal Bankruptcy Court
in Delaware later today for protection under Chapter 11 of the Bankruptcy Code.
The Company repairs digital cable modems and TV set-top boxes on an industrial
scale for equipment manufacturers and cable system operators, including Motorola
and Comcast. Bill Kelly, the Company's chief executive officer, said the Company
expects to continue to operate efficiently and without interruption under the
protection of the Bankruptcy Court. He said the Company did not expect revenues
to be materially affected by the filing.

The filing was intended primarily to relieve liquidity pressure caused by the
recent termination of the Company's bank line which had been its primary source
of working capital. The Company was in default under the bank line because of
its failure to meet a financial covenant relating to tangible net worth. The
default arose primarily because of losses and write downs in the last quarter of
its September 30 fiscal year. The Company has not yet reported its results for
the quarter and the year.

Kelly said that the filing would also enable the Company to extricate itself
from certain unproductive contracts which should sharply reduce monthly cash
outflows.

Kelly said, "Our business is sound and growing and producing cash. Our repair
revenue has more than doubled in the past year, but we've suffered some growing
pains and we're just now getting this growth under control. Unfortunately, in
the meantime, we ran short of cash. That's primarily because we overexpanded
capacity in some areas and we wound up being burdened by expenses and
obligations that don't relate to our ongoing business. Frankly, we need a little
breathing space to straighten these things out."

According to Kelly, the Company is optimistic that it will be able to obtain new
financing that will allow it to emerge from Chapter 11 protection in the very
near future. Kelly said the Company was already in discussions with its bank
lender and prospective investors.

This press release includes statements which constitute forward-looking
statements made pursuant to the safe harbor provision of the Private Securities
Litigation Reform Act of 1995. These statements are identifiable by use of such
words as "belief", "expect", "anticipate" or other similar words or phrases that
indicate their forward-looking character. Such statements are inherently subject
to risks and uncertainties that could cause actual results to differ materially
from those anticipated. Factors which could cause or contribute to such
differences are detailed in the Company's Securities and Exchange Commission
filings, including its most recent Report on Form 10-KSB.


Contact:
     A Novo Broadband:
     Steve Easterday, (302) 322-6088