| PASADENA,
Calif.--VIASPACE Inc. (OTC Bulletin Board: VSPC), a company that works
to transform proven space and defense technologies from NASA and the Department
of Defense into commercial hardware and software solutions, today announced
that it has retained The Ruth Group as its investor relations and financial
communications agency. The Ruth Group (www.theruthgroup.com) will work
to increase awareness of VIASPACE's corporate focus and growth strategy
among investors and the financial media.
Dr. Carl Kukkonen, Chief Executive
of VIASPACE Inc. said, "VIASPACE has licensed patents and software technology
from Caltech, which manages the Jet Propulsion Laboratory (JPL) for NASA.
This technology was developed by the world's best scientists and engineers
at JPL over the last decade and was funded by NASA and the Department of
Defense. Through our three subsidiaries, Direct Methanol Fuel Cell Corporation,
Arroyo Sciences and Ionfinity, VIASPACE has established a diversified IP
portfolio that includes microelectronics, sensors, homeland security and
public safety, energy/fuel cells, information and computational technology
and RFID. We are well underway in our efforts to monetize on our IP portfolio
and have made significant progress in partnering with leading U.S. technology
companies to develop and bring to market premier homeland security and
fuel cell products and technologies."
"Given all of these positive developments,
the strategic initiatives we have underway and our efforts to increase
shareholder value, it made sense for us to retain a financial communications
firm of The Ruth Group's caliber. The firm's experience, contacts and strategic
counsel will help us better communicate our growth prospects and VIASPACE's
inherent value."
About The Ruth Group
Consistently ranked as one of the
top U.S. financial IR/PR agencies, The Ruth Group, based in New York, focuses
on serving the communications needs of technology, semiconductor, healthcare
and biotechnology companies. Services include investor relations, public
relations, management counsel, corporate positioning, pre-IPO public relations
programs, media relations and venture capital relations. For more information
visit www.theruthgroup.com.
About VIASPACE: Unparalleled Knowledge.
Unparalleled Solutions.
VIASPACE is a diversified technology
company with knowledge and expertise in energy/fuel cells, microelectronics,
sensors, homeland security & public safety, information & computational
technology, and RFID. Founded in 1998 with the objective of transforming
proven space and defense technologies from NASA and the Department of Defense
into hardware and software solutions that solve today's complex problems,
VIASPACE benefits from important patent and software licenses from Caltech,
which manages NASA's Jet Propulsion Laboratory, and from relationships
with research laboratories, universities, and other organizations within
the advanced technology community. For more information, please visit our
website at www.VIASPACE.com, contact Investor Relations at (888) 359-9558
or IR@VIASPACE.com, or Public Relations at PR@VIASPACE.com.

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