Ocean Tomo Auctions Releases Results of Spring 2007 Live Intellectual Property Auction

Ocean Tomo Auctions, LLC -- the auctions arm of Ocean Tomo, LLC,
the leading Intellectual Capital Merchant Banc(R) firm -- today
announced the auction floor results of its Spring 2007 Live
Intellectual Property Auction held on April 19th in Chicago.
Cumulative lot prices, including buyers' premium, was $11,429,000
producing strong results for buyers and sellers alike, with further
transactions anticipated to close in the coming weeks. Agreed upon
post auction transactions have already exceeded $1,100,000 in value.

"We are extremely pleased with the results. They are extraordinary
and show a solid progression from our first two auctions," said Andrew
T. Ramer, President of Ocean Tomo Auctions. "Not only did the total
amount of patent sales on the floor more than double the past two
auctions, but a number of other key factors increased considerably as
well -- the average selling price per patent, the percentage of total
lots sold, and the percentage of successful sellers. We are proud that
Ocean Tomo Auctions has become the leading global marketplace for IP
assets."

Record-Breaking Sale Prices

Two lots sold at the Ocean Tomo Spring 2007 Live IP Auction set
the world's record for highest selling prices for patents at a
multi-lot live IP auction. Image Telecommunications Corp. sold Lot 20,
a portfolio of patents supporting a video-on-demand technology, for
$3,025,000, and Lot 25, a mobile social networking patent, sold for
$2,860,000.

Key Auction Facts

Thirty-four of the 67 lots were sold on the floor for a 51%
transaction success rate; 55% of the sellers who participated in the
auction successfully transacted their patents; and the average selling
price per lot was $336,148. Successful sellers included multinational
companies such as Eastman Kodak, Sun Microsystems, Inc., and Iomega
Corporation as well as small to mid-size companies, professional
inventors, and others.

The chart below displays results by lot (including buyers'
premium):

-0-
*T
Lot Number Total Sale Amount Lot Number Total Sale Amount
--------------- ------------------ ---------------- ------------------
Lot 1 $16,500 Lot 25C $110,000
--------------- ------------------ ---------------- ------------------
Lot 2 $27,500 Lot 25D $88,000
--------------- ------------------ ---------------- ------------------
Lot 3 $82,500 Lot 25F $137,500
--------------- ------------------ ---------------- ------------------
Lot 5 $385,000 Lot 27 $137,500
--------------- ------------------ ---------------- ------------------
Lot 6 $242,000 Lot 28 $132,000
--------------- ------------------ ---------------- ------------------
Lot 7 $220,000 Lot 29 $121,000
--------------- ------------------ ---------------- ------------------
Lot 8 $242,000 Lot 29A $44,000
--------------- ------------------ ---------------- ------------------
Lot 15 $176,000 Lot 31 $110,000
--------------- ------------------ ---------------- ------------------
Lot 16 $38,500 Lot 37 $297,000
--------------- ------------------ ---------------- ------------------
Lot 17 $550,000 Lot 38 $220,000
--------------- ------------------ ---------------- ------------------
Lot 18 $550,000 Lot 41 $275,000
--------------- ------------------ ---------------- ------------------
Lot 20 $3,025,000 Lot 42 $550,000
--------------- ------------------ ---------------- ------------------
Lot 21 $11,000 Lot 43 $176,000
--------------- ------------------ ---------------- ------------------
Lot 22 $33,000 Lot 44 $11,000
--------------- ------------------ ---------------- ------------------
Lot 22A $110,000 Lot 46 $55,000
--------------- ------------------ ---------------- ------------------
Lot 25 $2,860,000 Lot 48A $16,500
--------------- ------------------ ---------------- ------------------
Lot 25B $132,000 Lot 49 $247,500
--------------- ------------------ ---------------- ------------------
*T

Over 400 people attended the 2-day event, including Fortune 500(R)
IP professionals, investors, C-level executives, small to mid-size
enterprises and professional inventors. Charles Osgood, Anchor of CBS
News and the Osgood Files, delivered the keynote at the Gala Dinner on
his assessment of the importance of IP in the economy coupled with an
entertaining performance on the piano.

London Auction Catalog Available Now

The next Ocean Tomo Live IP Auction is set for June 1, 2007 at The
Dorchester in London, England. The Catalogue, accessible online at
www.OceanTomoAuctions.com, provides essential information regarding
the 600+ intellectual property assets to be offered in the following
categories: Computer Systems & Electronics; Green Technology/Energy;
Automotive Systems & Devices; Medical; Communications;
Chemicals/Materials; and Copyrights. Sellers include top multinational
companies such as PCTEL, Inc., Air Products and Chemicals, ABB
Research Ltd., MeadWestvaco Corporation as well as small to mid-sized
companies, professional inventors and investors.

Fall Auction Submission Deadline & Details

The next U.S.-based Ocean Tomo Live IP Auction will be held on
October 24-25 in Chicago. Ocean Tomo has posted an "open call" for IP
submissions and has identified the following areas as having high
buyer interest: digital and home media including interactive
television and video-on-demand, financial services, e-commerce,
telecommunications including near field communications and WIMAX,
internet/web services, audio encoding/signal processing and
convergence technologies as well as known brands and entertainment and
music catalogs.

All patent, trademark, copyright and domain submissions for The
Ocean Tomo Fall 2007 Live IP Auction should be received no later than
June 29, 2007. To submit IP for consideration or for more information,
please call (312) 377-4851 or visit www.OceanTomoAuctions.com.

About Ocean Tomo Auctions:

Ocean Tomo Auctions, the auctions arm of Ocean Tomo, LLC
(www.OceanTomo.com), the country's leading Intellectual Capital
Merchant Banc(R) firm, has received global recognition as the leader
in the live auctioning of intellectual property assets for some of the
world's largest and most established companies. Hundreds of key
decision makers in the intellectual property and financial communities
attend and participate in the auctions and related workshops,
including C-level executives, Fortune 500(R) IP professionals,
investors, small to mid-size companies, inventors and media
professionals. Ocean Tomo Auctions has been featured on CNBC,
Bloomberg TV, The Wall Street Journal, Barron's, Red Herring,
BusinessWeek, Reuters and more. The live auctions are held in the
spring and fall in the U.S. and in the summer in Europe.

About Ocean Tomo, LLC

Established in 2003, Ocean Tomo, LLC (www.oceantomo.com) is a
fully integrated intellectual capital merchant banc that specializes
in understanding and leveraging intellectual property assets. The
company provides advice in IP-related mergers and acquisitions,
valuations, expert services, analytics and IP auctions. Ocean Tomo has
offices in Chicago, San Francisco, Palm Beach, Orange County and
Washington, DC. Subsidiaries of Ocean Tomo include: Ocean Tomo
Capital, LLC, publisher of the Ocean Tomo 300(R) Patent Index (Amex:
OTPAT); Ocean Tomo Capital Fund, LP -- a private equity investment
fund; and Ocean Tomo Asset Management, LLC -- a federally registered
investment advisor offering hedge funds utilizing IP-based investment
strategies.