AB Liquidating Corp. f/k/a Adaptive Broadband Corporation (Pink Sheets:ADAPQ) filed a motion today with the Bankruptcy Court (the �Motion�) for an order setting a final record date and approving certain procedures for distributions to shareholders, consistent with the terms of the company�s confirmed liquidating plan (the �Plan�). As outlined in the Motion, AB Liquidating Corp. anticipates that there will be approximately $3,040,000 available for immediate distribution to shareholders (or approximately $0.08 per share). This total excludes proceeds from the settlement of an outstanding claim against another debtor in bankruptcy that are expected to further increase distributions to shareholders by approximately $800,000 (or approximately $0.03 per share). The foregoing figures are preliminary estimates only. AB Liquidating Corp. has requested that the Bankruptcy Court set a final record date that is forty (40) days after entry of an order approving the Motion. The record date will be utilized for the purpose of determining the identity of shareholders for all distributions under the Plan. Forward Looking Statement Disclosure: This press release may contain forward-looking statements that are made pursuant to the �safe harbor� provisions of the Private Securities Litigation Reform Act of 1995, as amended. Such statements are subject to significant risks and uncertainties, which may cause actual results to differ materially. AB Liquidating Corp. disclaims any intention or obligation to update or revise any such forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that distributions will be made to the�shareholders of AB Liquidating Corp. in the amounts set forth above. Accordingly, the value of AB Liquidating Corp.�s stock is highly speculative and AB Liquidating Corp. urges that appropriate caution be exercised with respect to existing and future investments in such securities.