SOURCE: Sunrise Broadband Group, Inc.

April 11, 2006 09:00 ET

Sunrise Broadband Group Begins the Process for Full Reporting

BROOMFIELD, CO -- (MARKET WIRE) -- April 11, 2006 -- Sunrise Broadband Group, Inc. (OTC: SBBD) today announced that they have engaged a Denver based CPA firm to complete SBBD's 2005 year-end and first quarter 2006 audits. The regional accounting firm engaged specializes in small and mid size public companies, providing audits and reviews of compliance with the Securities and Exchange Commission ("SEC") and the Sarbanes-Oxley Act. The CPA firm engaged is registered with the Public Company Accounting Oversight Board ("PCAOB") and the American Institute of Certified Public Accountants ("AICPA").

The CPA firm has commenced its audit of SBBD. Upon completion of the audits, the Company will prepare and submit a registration statement to the SEC. SBBD's overall goal is to begin "Full Reporting" to the SEC along with moving the Company to a major exchange.

"The completion of this audit process will allow Sunrise Broadband Group to submit a registration statement. Once approved by the SEC, the Company will then be able to start providing quarterly and annual financial reports. All of these steps will enable management to entertain a number of strategic paths for the Company," said Calvin D. Smiley, President and CEO of Sunrise Broadband Group.

About Sunrise Broadband Group, Inc.

Headquartered in Broomfield, Colorado, Sunrise Broadband Group, Inc. is a developmental stage company focused on delivering broadband solutions to rural communities through strategic acquisitions and mergers. The Company has closed on its first cable television system and has selected additional strategic cable television systems all to be upgraded and consolidated; resulting in increased bandwidth, improved customer service, and improved reliability.

Sunrise Broadband is focused on delivering a true "triple-play" of Voice Over Internet Protocol (VoIP), Video-on-Demand (VoD), High-Speed Data services and other related broadband solutions. In completion of our goals the Company has executed a wholesale agreement providing a turn-key solution for offering VoIP and High-speed services under the Company's private label "Sunrise Phone." This proprietary cutting-edge technology will deliver low-cost and feature-rich broadband services to small and medium sized businesses and residential customers in the very near future. Sunrise Phone subscribers will have access to all standard telephone features with unlimited local and long distance calling anywhere in the US & Canada for a flat monthly rate. Additionally, high-speed Internet services including DSL, T1 and fiber optic connectivity will be offered.

SAFE HARBOR STATEMENT

The Private Securities Litigation Reform Act of 1995 provides a safe harbor for forward-looking statements made on behalf of the company. All such forward-looking statements are, by necessity, only estimates of future results and actual results achieved by Sunrise Broadband Group, Inc. (SBBD) may differ materially from these statements due to a number of factors. SBBD assumes no obligations to update these forward-looking statements to reflect actual results, changes in assumptions or changes in other factors affecting such statements. You should independently investigate and fully understand all risks before making investment decisions.

Contact Information

  • For Further Information,
    Contacts:
    Investor Relations:
    Paradigm Investor Relations
    Jon Caserta
    (410) 990-1112
    Toll Free - (866) 990-1112
    sbbd@paradigmir.com

    Sunrise Broadband Group:
    Calvin D. Smiley, Sr.
    CEO
    303-404-9700
    cdsmiley@sbginc.tv