UTEK Corporation Announces the Sale of Its Energy Management Technologies, Inc. Subsidiary to Voice and Wireless Corporation.

Business Editors/Technology Writers

PLANT CITY, Fla., MINNEAPOLIS & RICHLAND, Wash.--(BUSINESS WIRE)--June 20, 2002--UTEK Corporation ("UTEK") (AMEX:UTK), Voice and Wireless Corporation ("VWLC ") (OTCBB:VWLC.OB) and Battelle, Pacific Northwest Division, announced today that an exclusive license has been granted to Energy Management Technologies, Inc. ("EMTI") in the State of California for use of the Facility Energy Decision System software program ("FEDS"), which was developed at the Department of Energy's Pacific Northwest National Laboratory ("PNNL"). Battelle, which operates PNNL for the Department of Energy ("DOE"), holds the rights to FEDS and granted the license to EMTI.

EMTI is a 51% owned UTEK subsidiary. In addition, UTEK and VWLC announced that all of the issued and outstanding shares of common stock of EMTI have been acquired by VWLC in a stock-for-stock transaction.

The FEDS software identifies facility energy improvements to reduce energy expenditures in buildings. According to Mark Haggerty, CEO of VWLC, "We are enthusiastic about the acquisition of EMTI as we believe this licensed technology is synergistic with VWLC's current STABILUX(TM) energy savings system." Haggerty went on to state, "Battelle has also agreed to identify prospective customers for VWLC's STABILUX(TM) system which may enhance our marketing efforts."

About UTEK Corporation

UTEK(R) is an innovative technology transfer company dedicated to building bridges between university and laboratory developed technologies and commercial organizations. UTEK identifies, licenses and finances the further development of new technologies and then transfers them to growing companies for an equity stake. UTEK is a business development company.

About Voice and Wireless Corporation

VWLC is a holding company with ownership interests in multiple industries and segments ranging from traditional businesses to Internet/Technology services and energy management products. VWLC markets the STABLIUX(TM) (http://www.stabilux.com) energy saving system, which reduces energy costs without retrofits, alterations or the replacement of lighting systems.

About Pacific Northwest National Laboratory

PNNL (http://www.pnl.gov) is a DOE multiprogram research facility and delivers breakthrough science and technology in the areas of environment, energy, health, fundamental science and national security. Battelle, based in Columbus, Ohio, (http://www.battelle.org) has operated the laboratory for DOE since 1965.

Certain matters discussed in this press release are "forward-looking statements." These forward-looking statements can generally be identified as such because the context of the statement will include words such as the Company "expects," "anticipates" or words of similar import. Similarly, statements that describe the Company's future plans, objectives or goals are also forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties, including the financial performance of the Company and market valuations of its stock, which could cause actual results to differ materially from those currently anticipated. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can give no assurance that its expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Forward-looking statements made herein are only made as of the date of this press release and the Company undertakes no obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.