Aether Holdings Announces 2nd Quarter 2006 Earnings Release and Conference Call Information

Aether Holdings (Nasdaq: AETH) will release its 2Q 2006
results after market close on Wednesday, August 2, 2006.
   A conference call is scheduled for Thursday, August 3 at 8:30 a.m.
Eastern. To join the call, please use the following numbers:
   Dial-in numbers: 800-406-5345/913-981-5571. Ask for
Confirmation Code 9568403.
   A replay of the call will be available until August 23, 2006. The
recording will begin approximately one hour after the completion of
the call.

   Replay numbers: 888-203-1112/719-457-0820

   Access code: 9568403

   This call is being webcast by CCBN and can be accessed at Aether's
web site at www.aetherholdings.com.
   The webcast is also being distributed over CCBN's Investor
Distribution Network to both institutional and individual investors.
Individual investors can listen to the call through CCBN's individual
investor center at www.companyboardroom.com or by visiting any of the
investor sites in CCBN's Individual Investor Network. Institutional
investors can access the call via CCBN's password-protected event
management site, StreetEvents (www.streetevents.com).

   About Aether Holdings

   Aether Holdings owns and manages a leveraged portfolio of
mortgage-backed securities through its wholly-owned subsidiary Aether
Systems, Inc. Through the acquisition of UCC, Aether will begin to
build a new business focused on the acquisition of a diversified
portfolio of IP and IP centric companies. Aether's business objective
is to become profitable and produce taxable earnings that will enable
it to realize value, in the form of tax savings, from its significant
accumulated tax loss carryforwards.