Technology Trading Exchange and TransformTec Forge Alliance

Menlo Park, CA August 11, 2004 -- Technology Trading Exchange, Inc., today announced an agreement with TransformTec, Inc. The agreement results in TransformTec joining an elite group of brokers on fast-growing Technology Trading Exchange marketplace.

"We are delighted to forge this alliance with TransformTec" said David Smith, CEO of Technology Trading Exchange Inc. "Jeff Phillips has a tremendous track record developing and commercializing successful new products for large organizations such as Microsoft, NEC and Sony Corporation. Jeff and his team at TransformTec have now created an innovative new technology auction process to help small, bright teams bring hot new technologies to market."

Jeff Phillips, founder and CEO of TransformTec states "The Technology Trading Exchange provides us with a platform to list, license and sell hot technologies to corporations in search of new products and revenue streams." Phillips continues "Through this relationship, we are able to reach a global market of technology professionals. Forging this alliance is an important step in our company's growth. I believe in the years ahead we will see the technology broker role becoming critical path to the way companies conduct business."

Global spending on research and development is estimated to be US$645 billion. The U.S. leads the spending league table with US$282 billion (source OECD). The agreement between the two companies is intended to help technology developers to successfully commercialize their inventions, and to bring compelling new products to market.

About TransformTec:
TransformTec, Inc. is a California-based corporation focused on developing software, hardware, and systems for the consumer, multimedia, and telecommunications sectors. The company turns ideas into reality by transforming technology concepts into products. TransformTec redefines how new product markets are created and entered. Idea generators looking for a faster path to cash, and technology corporations looking for alternatives to capital intensive R&D with faster time to market, can visit www.transformtec.com, or email info@transformtec.com for more information.

About Technology Trading Exchange:
Technology Trading Exchange, Inc. provides an online intellectual property catalog, marketplace and search engine for technology professionals. Covering over 140 specialized topics from software to nanotechnology and biotech, the site attracts technology professionals from all areas of research, development, and commercialization. The Catalog aggregates all the world's commercially available technologies into a single, unified directory. The Marketplace provides a meeting point where developers list, license and sell their technology assets to corporations creating new products and revenue streams. The Search Engine spiders the web gathering news clips and other content related to specialist technology topics. More information is available at: www.technologytradingexchange.com.

Editorial Contact:
Laurie Thornton
Radiate PR
(650) 654-2660
laurie@radiatepr.com






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