Mobile Ready Entertainment Corporation and UTEK Corporation Announce Strategic Alliance Agreement

    /24-7PressRelease/ - STROUDSBURG, PA and TAMPA, FL, May 25, 2006 -- UTEK Corporation, a specialty finance company focused on technology transfer, and Mobile Ready Entertainment (Pink Sheets: MBRN.pk), a holding company and aggregator of digital media, wireless and content for mobile devices, is pleased to announce that they have signed a strategic alliance agreement.

L. Joshua Eikov, Chief Executive Officer of Mobile Ready Entertainment said, "We are very pleased to enter into this alliance with UTEK, as it may accelerate the identification of promising new technology acquisition opportunities for us. We believe that our alliance with UTEK should enable us to augment our intellectual property portfolio through the acquisition of new university discoveries."

"UTEK looks forward to working with Mobile Ready Entertainment to identify and transfer university and federal laboratory technology acquisition opportunities that fit its strategic vision," commented Eric Jenkins, UTEK's Vice President of Strategic Alliances.

About Mobile Ready Entertainment Corporation

Mobile Ready Entertainment Corporation is a wireless and media holding company specializing in the entertainment and educational vertical market segments. Through our subsidiaries we will develop, market and sell wireless application software and entertainment based content for mobile devices. Our value proposition is to unlock, integrate and seamlessly deliver all types of data to wireless devices, whether streaming movies, music video or television content and digital radio delivery to the growing consumer market via channel and content partners —anytime, anywhere. We deliver these products and services globally across most of the major cellular networks and prominent wireless device operating systems. For more information about Mobile Ready, please visit its website at www.mymobilereadyec.com.

About UTEK Corporation

UTEK is a specialty finance company focused on technology transfer. We enable companies of all sizes 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 . In addition to its U2B service, UTEK offers both large and small capitalization companies the tools to search, analyze and manage university intellectual properties. UTEK has operations in the United States, United Kingdom and Israel. For more information about UTEK, please visit its website at www.utekcorp.com.


----------------------------------------------------------------------_The Private Securities Litigation Reform Act of 1995 provides a "safe harbor" for certain forward-looking statements. The statements contained or incorporated by reference in this website that are not historical facts (including without limitation statements to the effect that Mobile Ready Entertainment Corp. (the "Company" or "Mobile Ready") or its management "believes," "expects," "anticipates," "plans," "intends," "foresees," or other similar expressions) are forward-looking statements. These forward-looking statements are based on the Company's current expectations and beliefs concerning future developments and their potential effects on the Company.
There can be no assurance that future developments affecting the Company will be those anticipated by the Company. All comments concerning the Company's expectations for future revenue and operating results are based on the Company's forecasts for existing operations and do not include the potential impact of any future acquisitions. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the Company's control) and assumptions.


Contacts:
UTEK Corporation
USA:
Tania Bernier
813-754-4330 x 223

Consulting for Strategic Growth 1
Stan Wunderlich
800-625-2236

UK:
Bankside Consultants
Steve Liebmann or Susan Scott
+ 44 (0) 20-7367-8883


Mobile Ready Entertainment Corporation
Joshua Eikov,CEO
570-269-8303
[email protected]

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