AMEX Instructs Eagle Broadband to Implement Reverse Stock Split; Shareholder Approval Vote to be held at April 18th Annual Meet

Eagle Broadband (AMEX: EAG), a leading provider of
broadband, Internet protocol (IP) and communications technology and
services, announced today that it will seek shareholder approval to
implement a reverse stock split at its April 18, 2006 annual meeting
of shareholders in order to remain in good standing with the American
Stock Exchange.
   The American Stock Exchange has advised the company that it deems
a reverse split to be appropriate in order to increase the price of
the company's stock. Section 1003(f)(v) of the Amex Company Guide
provides that the Amex will normally consider suspending trading in,
or the delisting of a security if an issuer fails to effect a reverse
split within a reasonable time after being notified by the Amex that
it deems such action to be appropriate.
   "It was never Eagle Broadband's intention to do a reverse split.
However, the American Stock Exchange has instructed us to do so in
order to raise the price of our stock," stated Dave Micek, President
and CEO of Eagle Broadband.
   The company will file a revised preliminary proxy statement for
its April 18, 2006 annual meeting containing important information
regarding a proposed reverse stock split at a one for thirty-five
(1:35) ratio. No fractional shares will be issued in connection with
the reverse stock split. Instead, any fractional share that results
from the reverse stock split will be rounded to the nearest whole
share of Eagle Broadband common stock. For those shareholders with
less than eighteen (18) shares of common stock prior to the reverse
stock-split, the resulting fractional shares will be cancelled. The
Board of Directors determined to cancel these fractional shares due to
the low price of the common stock weighed against the cost of issuing
a de minimis amount of cash in lieu of fractional shares.
   The definitive proxy statement will be mailed to all shareholders
promptly after the mandatory 10-day SEC review of the preliminary
proxy statement. Copies of the proxy statement are available at no
charge from the SEC's website at www.sec.gov and from Eagle's website
at www.eaglebroadband.com. Shareholders are urged to carefully read
the proxy statement prior to submitting their vote.
   As of March 7, 2006, there were 303,086,275 shares of Eagle common
stock outstanding. If approved, the reverse stock split would affect
all Eagle common stock, stock options, warrants and convertible notes
outstanding immediately prior to the effective date of the reverse
stock split.

   About Eagle Broadband

   Eagle Broadband is a leading provider of broadband, Internet
Protocol (IP) and communications technology and services, including:
IPTVComplete(TM) the fastest, lowest cost way for broadband providers
to deliver the most competitive IP video services; the MediaPro line
of HDTV-ready IP set-top boxes enabling broadband providers and hotel
operators to deliver state-of-the-art, interactive entertainment
services; and, the SatMAX(TM) communications system that provides
government, military, homeland security and enterprise customers with
non-line-of-sight voice and data satellite telephony from any location
on Earth. The company is headquartered in Houston, Texas. For more
information, please visit www.eaglebroadband.com or call 281-538-6000.

   EAGG

   Forward-looking statements in this release regarding Eagle
Broadband, Inc. are made pursuant to the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995. Investors are
cautioned that such forward-looking statements involve risks and
uncertainties, including, without limitation, continued acceptance of
the company's products, increased levels of competition, new products
and technological changes, the company's dependence upon third-party
suppliers, intellectual property rights, and other risks detailed from
time to time in the company's periodic reports filed with the
Securities and Exchange Commission.