UTEK Corporation and Liberty Diversified Holdings, Inc. Announce Strategic Alliance.
TAMPA, Fla. & ORANGE, Calif. -- UTEK Corporation (AMEX AMEX
See: American Stock Exchange :UTK UTK University of Tennessee at Knoxville
UTK Unreal Tournament Knights
UTK Unit Tindak Khas (Malaysia police special action unit) ) (LSE-AIM:UTK), a specialty finance company focused on technology transfer, and Liberty Diversified diversified (di·verˑ·s Holdings, Inc. (OTCBB OTCBB
See OTC Bulletin Board (OTCBB). :LDHI LDHI Low-Dosage Hydrate Inhibitor ), a holding company in the printing and packaging industry that also owns and licenses Internet technologies, are pleased to announce that they have signed a strategic alliance agreement.
Ronald Touchard, Chief Executive Officer of Liberty Diversified Holdings, Inc., said, "We are enthusiastic about forming a strategic alliance with UTEK Corporation which we believe will enable us to identify synergistic synergistic /syn·er·gis·tic/ (sin?er-jis´tik)
1. acting together.
2. enhancing the effect of another force or agent.
1. technology acquisition opportunities."
"UTEK looks forward to working with Liberty Diversified Holdings, Inc. to identify and potentially transfer proprietary technologies that will be synergistic with its core business," said Doug Schaedler, Chief Operating Officer Chief Operating Officer (COO)
The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of UTEK Corporation.
Through its strategic alliance agreements, UTEK assists companies in enhancing their new product pipeline with the acquisition of proprietary intellectual capital from universities and laboratory research centers. Strategic alliance agreements are generally cancelable by either party with thirty days advance written notice.
About Liberty Diversified Holdings, Inc.
Liberty Diversified Holdings, Inc. is involved in the printing and packaging industry and also owns and licenses internet technologies, which are sold and/or sublicensed to end users. In December, 2005 Liberty acquired MCR MCR My Chemical Romance (band)
MCR Minimum Capital Requirement
MCR Minimum Cell Rate
MCR Middle Common Room (UK universities)
MCR Multivariate Curve Resolution Printing and Packaging Corp. a 20 year old company that provides high end printing and packaging services to some of the world's largest companies, including long term relationships with major corporations such as Tyco Health Care, Sanyo, Levitron Manufacturing, Avery-Dennison, Camelback cam·el·back
Shaped like a hump or an arching curve.
n. New Orleans
A narrow house with one story in front and two in the rear. See Regional Note at beignet. , Maxwell and others. For more information about Liberty Diversified Holdings, Inc., please visit its website at http://www.libertydiversifiedholdings.com.
About UTEK Corporation
UTEK(R) is a specialty finance company focused on technology transfer. UTEK enables companies to acquire innovative technologies from universities and research laboratories worldwide. UTEK facilitates the identification and then finances the acquisition of external technologies for clients in exchange for their equity securities. This unique process is called U2B U2B Youtube (website)
U2B User to Business (R). In addition to its U2B(R) service, UTEK offers companies the tools to search, analyze and manage university intellectual properties. UTEK is a business development company with operations in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , United Kingdom and Israel. For more information about UTEK, please visit its website at http://www.utekcorp.com.
Forward-Looking Statements forward-looking statement
A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections.
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 UTEK or Liberty Diversified Holdings, Inc. "expects," "should," "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's or Liberty Diversified Holdings, Inc.'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 UTEK or Liberty Diversified Holdings, Inc., as appropriate, and the valuation of UTEK's investment portfolio, which could cause actual results to differ materially from those currently anticipated. Although UTEK and Liberty Diversified Holdings, Inc. believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, they cannot give any assurance that their expectations will be attained. Shareholders, potential investors and other readers are urged to consider these factors carefully in evaluating any forward-looking statements. Certain factors could cause results and conditions to differ materially from those projected in these forward-looking statements, and some of these factors are discussed below. These factors are not exhaustive. New factors, risks and uncertainties may emerge from time to time that may affect the forward-looking statements made herein. These forward-looking statements are only made as of the date of this press release and both UTEK and Liberty Diversified Holdings, Inc. do not undertake any obligation to publicly update such forward-looking statements to reflect subsequent events or circumstances.
UTEK's operating results could fluctuate significantly due to a number of factors. These factors include the small number of transactions that are completed each quarter, the value of individual transactions, the timing of the recognition and the magnitude of unrealized gains Unrealized Gain
A profit that results from holding on to an asset rather than cashing it in and using the funds.
Let's say you own a stock that has doubled, but you haven't sold it yet. This is said to be an unrealized gain. and losses, UTEK's dependence on the performance of companies in its portfolio, the possibility that advances in technology could render the technologies it has transferred obsolete, the loss of technology licenses by companies in its portfolio, the degree to which it encounters competition in its markets, the volatility of the stock market and the volatility of the valuations of the companies it has invested in as it relates to its realized and unrealized gains and losses, the concentration of investments in a small number of companies, as well as other general economic conditions. As a result of these and other factors, current results may not be indicative of UTEK's future performance. For more information on UTEK and for a more complete discussion of the risks pertaining per·tain
intr.v. per·tained, per·tain·ing, per·tains
1. To have reference; relate: evidence that pertains to the accident.
2. to an investment in UTEK, please refer to UTEK's filings with the Securities and Exchange Commission.