UTK Utek Corp

RNS Number:9909I
UTEK Corporation
15 September 2006


FOR IMMEDIATE RELEASE                                          15 September 2006

                                UTEK CORPORATION

           TECHNOLOGY TRANSFER TO LIBERTY DIVERSIFIED HOLDINGS, INC.

           Transfer includes licences for new packaging technologies


Tampa, FL & Orange, CA - UTEK Corporation (AMEX & LSE-AIM: UTK) a specialty
finance company focused on technology transfer, and Liberty Diversified
Holdings, Inc. (OTC BB: LDHI), a holding company in the printing and packaging
industry, have completed a technology transfer in a stock-for-stock transaction.

The technology transferred includes two licences for technologies developed by
researchers at the University of Arkansas. The first technology is an
all-natural, edible antimicrobial packaging film, which has been designed to
protect consumers against common food-borne illnesses caused by pathogens such
as Salmonella and E. coli. In addition the transfer contains a licence for a
variable image packaging film that can potentially double the viewable surface
area of packaging products by allowing the film to transmit two separate images.
A change in the perceived image is accomplished using a series of lenticular
lenses to compress areas of an original image and refract them at a specified
angular range, achieving a 'flash' effect for customers traveling past the
products.

Ronald Touchard, Chief Executive Officer of Liberty Diversified Holdings, Inc.,
said, "We are enthusiastic about completing the acquisition of these new
technologies. We believe these novel technologies, combined with a newly planned
aggressive marketing approach for MCR and other possible acquisitions in the
packing industry, will allow us to expand market share at a much faster pace
than previously possible."

"UTEK is pleased to consummate this technology transfer with Liberty Diversified
Holdings, Inc. and we look forward to continuing our efforts to provide
additional technology acquisition opportunities for their consideration," said
Jennifer Willis, Manager of Technology Licensing at UTEK Corporation.

Terms of the transaction

Innovative Packaging Technologies, Inc., a company established by UTEK
specifically for this transaction, has been acquired by Liberty Diversified
Holdings, Inc., in a tax-free stock-for-stock exchange. Liberty Diversified
Holdings, Inc. issued 15,437,500 shares of unregistered common stock to UTEK
Corporation in exchange for 100% of the issued and outstanding shares of
Innovative Packaging Technologies, Inc. The shares acquired in the exchange are
restricted and may only be resold pursuant to the requirements of the Securities
Act of 1933. The value of the consideration will be determined based on a
valuation in accordance with UTEK's valuation policy as of the closing date of
the transaction.

About Liberty Diversified Holdings, Inc.

Liberty Diversified Holdings, Inc. is a publicly traded holding company with a
core focus in the $433 billion printing and packaging industry. In December 2005
Liberty acquired MCR 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. MCR has a unique business model (One Stop Shop) in a large and
growing international industry and is rapidly expanding into additional high
demand, high-profit manufacturing areas. For more information about Liberty
Diversified Holdings, Inc., please visit its website at
www.libertydiversifiedholdings.com.

About UTEK Corporation

UTEK(R) is a specialty finance company focused on technology transfer. UTEK's
services enable companies to acquire innovative technologies from universities
and research laboratories worldwide. UTEK facilitates the identification and
acquisition of external technologies for clients in exchange for their equity
securities. This unique process is called U2B(R). In addition, UTEK offers
companies the tools to search, analyse and manage university intellectual
properties. UTEK is a business development company with operations in the United
States, United Kingdom and Israel. For more information about UTEK, please visit
its website at www.utekcorp.com.



CONTACT:

Liberty Diversified Holdings, Inc.
Ron Touchard                                                  +1 949-640-7750

UTEK Corporation
USA:
Tania Bernier                                            +1 813-754-4330 x223

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

UK: Bankside                                                 +44 20-7367-8888
Steve Liebmann or Simon Bloomfield


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
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 unrealised 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 licences 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 realised and unrealised 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 to an investment in UTEK,
please refer to UTEK's filings with the Securities and Exchange Commission.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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