UTEK Corporation and MM2 Group, Inc. Announce Alliance

15/09/06 UTEK Corporation, a specialty finance company focused on technology transfer, and MM2 Group, Inc. (MMGP) , a financial consulting group focused on nutraceuticals have announced a strategic alliance agreement.

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 centers. Strategic alliance agreements are generally cancelable by either party with thirty days advance written notice.

Mark Meller, Chief Executive Officer of MM2 Group, 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. We are especially excited given UTEK's expertise in nutraceuticals and supplements, which fits well with our current business plans."

"UTEK looks forward to working with MM2 Group, 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.