Strategic Alliance

UTEK Corporation
09 August 2006



FOR IMMEDIATE RELEASE                                            9 August 2006


                                UTEK CORPORATION

              STRATEGIC ALLIANCE AGREEMENT FOR TECHNOLOGY TRANSFER
                 SIGNED WITH LIBERTY DIVERSIFIED HOLDINGS, INC.


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 that also owns and licenses Internet technologies, are pleased to
announce that they have signed a strategic alliance agreement.

Ronald Touchard, Chief Executive Officer of Liberty Diversified Holdings, Inc.,
said, "We are enthusiastic about forming a strategic alliance with UTEK
Corporation which we believe will enable us to identify synergistic technology
acquisition opportunities."

"UTEK looks forward to working with Liberty Diversified Holdings, Inc. to
identify and potentially transfer proprietary technologies that will be
synergistic with its core business," said Doug Schaedler, Chief Operating
Officer of UTEK Corporation.

Through its strategic alliance agreements, UTEK assists companies in enhancing
their new product pipeline with the acquisition of proprietary intellectual
capital from universities and laboratory research centres. Strategic alliance
agreements are generally cancellable by either party with thirty days advance
written notice.

About Liberty Diversified Holdings, Inc.

Liberty Diversified Holdings, Inc. is involved in the printing and packaging
industry and also owns and licenses Internet technologies, which are sold and/or
sublicensed to end users. 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, including long term
relationships with major corporations such as Tyco Health Care, Sanyo, Levitron
Manufacturing, Avery-Dennison, Camelback, Maxwell and others. For more info
rmation 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
enables companies 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(R). In addition to
its U2B(R) service, UTEK offers companies the tools to search, analyze 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.


Contacts:

UTEK Corporation

USA:                                   UK:
Tania Bernier                          Bankside Consultants
813-754-4330 x 223                     Steve Liebmann or Simon Bloomfield
Consulting for Strategic Growth 1      + 44 (0) 20-7367-8888
Stan Wunderlich
800-625-2236

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


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 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 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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