Video Without Boundaries Files Amended 2002 10-KSB/A

Video Without Boundaries Files Amended 2002 10-KSB/A

First of Planned SEC Filings Leading to Eventual Re-Listing on OTCBB

FORT LAUDERDALE, Fla., June 23 /PRNewswire-FirstCall/ -- Video Without Boundaries, Inc. , a leading provider of broadband media devices for home use, today announced that it has completed the restatement and filing of its 2002 financial statements.

According to V. Jeffrey Harrell, President and CEO, "This is the first step in the long-awaited plan of filing our amended 2003 Form 10-KSB, 2004 Form 10-KSB and 2005 Form 10-Q to be eligible for trading on the OTC Bulletin Board. Now that the first re-audit has been completed we continue to work diligently with our audit firm to complete all required statements as expeditiously as possible."

To learn more about the VWB innovative MediaREADY 4000, NEW MediaREADY 5000, or Flyboy Portable Media Center, please visit our company's website at http://www.vwbinc.com/.

We are a leader in digital media-on-demand, enhanced home entertainment, and interactive products that connect people simply. VWB is focused on flexible Consumer Electronics-based products and services that are affordable, easy to use, and simple to understand, while providing new revenue opportunities for online music and movie content providers. For more information, visit http://www.vwbinc.com/.

Forward-Looking Statements:

This press release contains forward-looking statements which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. Such statements are subject to risks and uncertainties and other factors as may be discussed from time to time in the Company's public filings with the Securities and Exchange Commission ("Commission") and press releases which could cause actual results to differ materially from those discussed in the forward-looking statements and from historical results of operations. In addition to statements which explicitly describe such risks and uncertainties, statements with the terms "believes," "belief," "expects," "plans," "anticipates" and similar statements should be considered uncertain and forward-looking. Factors that might cause such a difference include, without limitation: unexpected delays in re-auditing and restating any required to- be-restated financial statements; unexpected delays in obtaining OTCBB approval for re-listing; and as further set forth from time to time in our press releases and reports filed with the Commission.

MediaREADY, MediaREADY Flyboy, and Video Without Boundaries are trademarks of Video Without Boundaries, Inc. All other trademarks or registered trademarks are the property of their respective owners.

VWB CONTACT: VWB INVESTOR RELATIONS: Katie Eakins Video Without Boundaries, Inc. S&S Public Relations, Inc. 954-527-7780 858-509-7722 vwbinvestor@vwbinc.comkatie@sspr.com

This release was issued through eReleases(TM). For more information, visit http://www.ereleases.com/.

Source: Video Without Boundaries, Inc.

CONTACT: Katie Eakins of S&S Public Relations, Inc., +1-858-509-7722, or katie@sspr.com, for Video Without Boundaries, Inc.; or Investor Relations of Video Without Boundaries, Inc., +1-954-527-7780, or vwbinvestor@vwbinc.com

Web site: http://www.vwbinc.com/

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