Tuesday, May 12, 2009, Philadelphia, USA –. GigaSpeed International, Inc., a Delaware corporation (soon to be replaced by iUHBA Networks, a Delaware corporation (“Holding”), and UHBA USA (“Merger Sub”), and Photonics, Inc. (the “Company”) agreed to effect a full merger of Merger Sub with and into the Company by means of the Company becoming the USA holding entity with full ownership of Holding’s present and future USA operations and activities of any and all matters related to the USA market (the “Merger”).

Photonics, Inc. (Company) and UHBA USA (Merger Sub) shall merge into a fully INDEPENDENT holding company; the separate existence of Company and Merger Sub shall thereupon cease, and Company, as the surviving entity in the Merger (the “Surviving Company”), shall by virtue of the Merger continue its existence under Delaware, USA law.

Because of the uniqueness and brand value of the Company names, Photonics, Inc., the Surviving Company will remain named Photonics, Inc. The Surviving Company will primarily do business as “Ultra-High-Bandwidth-Access Networks USA – UHBA Networks USA (or UHBA USA).

GigaSpeed/iUHBA was represented by CEO Neal Lachman, and Photonic, Inc. was represented by Dr. Mahmoud El-Sherif.

The Surviving Company will execute the rollout of nationwide fiber to the home/office and broadband wireless/mobile networks in the USA. The Surviving Company’s management team includes former undersecretary of Homeland Security, Michael D. Brown, and former Chief technologist of Hewlett-Packard, David Croslin. The team, including Dr. El-Sherif and under leadership of Mr. Lachman, and COO, Dr. Farooq Malik, MBA, is collectively responsible to raise $1.5 billion ($1,500,000,000) over the course of 24 months in order to finance rollouts in the USA, primarily in the NorthEast and Great Lakes region.

More detailed information about the Surviving Company’s strategies, assets and upcoming acquisitions and joint ventures will be frequently announced.

Website: http://iuhba.com

Email: info @ iuhba com

Phone: T +1 (215) 291-4410

Tuesday, May 12, 2009, Philadelphia, USA –. GigaSpeed International, Inc., a Delaware corporation (soon to be replaced by iUHBA Networks (“Holding”), and UHBA USA (“Merger Sub”), and Photonics, Inc. (the “Company”) agreed to effect a full merger of Merger Sub with and into the Company by means of the Company becoming the USA holding entity with full ownership of Holding’s present and future USA operations and activities of any and all matters related to the USA market (the “Merger”).

Photonics, Inc. (Company) and UHBA USA (Merger Sub) shall merge into a fully INDEPENDENT holding company; the separate existence of Company and Merger Sub shall thereupon cease, and Company, as the surviving entity in the Merger (the “Surviving Company”), shall by virtue of the Merger continue its existence under Delaware, USA law.

Because of the uniqueness and brand value of the Company names, Photonics, Inc., the Surviving Company will remain named Photonics, Inc. The Surviving Company will primarily do business as “Ultra-High-Bandwidth-Access Networks USA – UHBA Networks USA (or UHBA USA).

GigaSpeed/iUHBA was represented by CEO Neal Lachman, and Photonic, Inc. was represented by Dr. Mahmoud El-Sherif.

The Surviving Company will execute the rollout of nationwide fiber to the home/office and broadband wireless/mobile networks in the USA. The Surviving Company’s management team includes former undersecretary of Homeland Security, Michael D. Brown, and former Chief technologist of Hewlett-Packard, David Croslin. The team, including Dr. El-Sherif and under leadership of Mr. Lachman, and COO, Dr. Farooq Malik, MBA, is collectively responsible to raise $1.5 billion ($1,500,000,000) over the course of 24 months in order to finance rollouts in the USA, primarily in the NorthEast and Great Lakes region.

More detailed information about the Surviving Company’s strategies, assets and upcoming acquisitions and joint ventures will be frequently announced.

Website: http://iuhba.com

Email: info at iuhba dot com

Phone: T +1 (215) 291-4410