Aether Holdings Announces 2nd Quarter 2006 Earnings Release and Conference Call Information.

BALTIMORE -- Aether Holdings (Nasdaq: AETH) will release its 2Q 2006 results after market close on Wednesday, August 2, 2006.

A conference call is scheduled for Thursday, August 3 at 8:30 a.m. Eastern. To join the call, please use the following numbers:

Dial-in numbers: 800-406-5345/913-981-5571. Ask for Confirmation Code 9568403.

A replay of the call will be available until August 23, 2006. The recording will begin approximately one hour after the completion of the call.

Replay numbers: 888-203-1112/719-457-0820

Access code: 9568403

This call is being webcast by CCBN and can be accessed at Aether's web site at www.aetherholdings.com.

The webcast is also being distributed over CCBN's Investor Distribution Network to both institutional and individual investors. Individual investors can listen to the call through CCBN's individual investor center at www.companyboardroom.com or by visiting any of the investor sites in CCBN's Individual Investor Network. Institutional investors can access the call via CCBN's password-protected event management site, StreetEvents (www.streetevents.com).

About Aether Holdings

Aether Holdings owns and manages a leveraged portfolio of mortgage-backed securities through its wholly-owned subsidiary Aether Systems, Inc. Through the acquisition of UCC, Aether will begin to build a new business focused on the acquisition of a diversified portfolio of IP and IP centric companies. Aether's business objective is to become profitable and produce taxable earnings that will enable it to realize value, in the form of tax savings, from its significant accumulated tax loss carryforwards.