ZKid Network Company and UTEK Corporation Announce Strategic Alliance Agreement
for Technology Transfer
NORTHBROOK, Ill. and PLANT CITY, Fla., Feb. 17 /PRNewswire-FirstCall/ -- ZKid
Network Company (BULLETIN BOARD: ZKID) the software company that helps
children stay safe in the virtual world while surfing the Internet and UTEK
Corporation , an innovative technology transfer company, announced jointly today
the signing of a Strategic Alliance Agreement. The goal of the agreement is to
have UTEK identify technology acquisition opportunities for ZKID.
According to Mr. Jon Darmstadter, CEO of ZKid, "ZKid Network Company is very
pleased to retain UTEK Corporation to help identify technology acquisition
opportunities to further enhance the safe environment we provide for children." UTEK creates value for universities and laboratory research centers by finding,
acquiring and transferring university intellectual capital to commercial
partners. Technology firms benefit from having the opportunity to commercialize
new technologies developed outside their organizations by universities and
government laboratories.
"UTEK looks forward to working with ZKid Network Company to identify technology
acquisition opportunities that fit their strategic vision," commented Clifford
M. Gross, Ph.D., Chief Executive Officer of UTEK.
About ZKid Network Company ZKid Network Company is a proprietary Software Company dedicated to providing a
totally safe environment for children. ZKid's software provides safe Internet,
e-mail, and chatroom capabilities as well as fully animated original
education/entertainment content for children ages 4-10. Subscribers can
participate in a Virtual Private Network (VPN) specifically designed to provide
a totally safe environment for children. For more information, please visit
their website at http://www.zkidnetwork.com/ .
About UTEK Corporation UTEK(R) is an innovative technology transfer company dedicated to building
bridges between university-developed technologies and commercial organizations.
UTEK, along with its TechEx and UVentures technology exchanges and its PAX
European subsidiary, identifies and transfers new technologies from universities
and research centers to the marketplace. UTEK provides research-outsourcing
services to commercial enterprises and technology- transfer services to research
institutions. For more information about UTEK, please visit their website at
http://www.utekcorp.com/ .
Forward Looking Statements 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
ZKid Network Company "believes," "anticipates" or words of similar import. Similarly, statements that describe UTEK's or ZKid Network Company's future
plans, including the commercial viability of the tests introduced by ZKid
Network Company, 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 ZKid Network Company, as
appropriate, and market valuations of their stock, which could cause actual
results to differ materially from those currently anticipated. Although UTEK and
ZKid Network Company, as appropriate, believe the expectations reflected in any
forward-looking statements are based on reasonable assumptions, they can give no
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. Forward-looking statements made
herein are only made as of the date of this press release and neither UTEK nor
ZKid Network Company, as appropriate, 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 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 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 to an investment in UTEK, please
refer to UTEK's filings with the Securities and Exchange Commission. DATASOURCE: ZKid Network Company; UTEK Corporation CONTACT: John Baldissera of BPC Financial Marketing, +1-800-368-1217, or Ron Garner of Equitilink PR for ZKid Network Company, +1-858-824-1940 Web site: http://www.zkidnetwork.com/ http://www.utekcorp.com/
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