Ocean Tomo Auctions Announces Outstanding $19.6M Results
from Spring 2008 Live Intellectual Property Auction

Digital Media Systems & Management Lot Sells for a Record-Breaking $6.6 Million

SAN FRANCISCO--()--Ocean Tomo Auctions, LLC -- the auctions arm of Ocean Tomo, LLC, the leading Intellectual Capital Merchant Banc® firm -- today announced the record-breaking results of its Spring 2008 Live Intellectual Property Auction held on April 2nd at The Ritz-Carlton San Francisco. Cumulative sales, including buyers premium, totaled $19,629,500, with an average sale price per lot of $370,368, producing strong results for buyers and sellers alike, with further transactions anticipated to close in the coming weeks.

In a historic moment, Lot 25, a notable IP portfolio owned by the subsidiary of a world-renowned multi-national corporation, sold for $6,600,000, setting a new world record for the highest selling price for a patent lot at a multi-lot live IP auction. In addition to the Lot 25 record-breaking sale, related to the processing of digital data in bit streams, the auction heralded three other transactions in the seven-figure range in the areas of computer systems and software, information management and data system, and location based services and logistics.

Fifty-three of the eighty-five offered lots were sold on the floor for a 62% transaction success rate, and forty-three of the sixty-nine sellers sold lots resulting in a 62% seller success rate. Other successful sellers included venture-backed companies, individual inventors and large multi-national corporations.

We are extremely pleased with the results, as the auction is now truly reaching new levels. The on-the-floor bidding activity and excitement of the event continue to increase with better results for our sellers, said Andrew T. Ramer, President of Ocean Tomo Auctions. In the past two years, we have witnessed the growth of the auctions business and are proud of the fact that this forum has become central to the development of the IP marketplace, benefiting both buyers and sellers.

The chart below displays results by lot. All auction results are also listed on Patent Bid/Ask at www.OTPBA.com.

Lot Number   Total Sale Amount       Lot Number   Total Sale Amount
Lot 2   $55,000       Lot 33   $220,000
Lot 3   $55,000       Lot 34   $275,000
Lot 4   $137,500       Lot 35   $275,000
Lot 6   $1,072,500       Lot 36   $82,500
Lot 8   $11,000       Lot 37   $110,000
Lot 9   $110,000       Lot 40   $330,000
Lot 12   $440,000       Lot 41   $1,100,000
Lot 12b   $440,000       Lot 42   $11,000
Lot 13   $110,000       Lot 43   $55,000
Lot 14   $165,000       Lot 45   $121,000
Lot 15   $357,500       Lot 46   $165,000
Lot 16   $165,000       Lot 47   $165,000
Lot 17   $1,210,000       Lot 48a   $660,000
Lot 18   $82,500       Lot 50   $82,500
Lot 19   $330,000       Lot 51   $82,500
Lot 20   $330,000       Lot 55   $143,000
Lot 21   $82,500       Lot 55b   $275,000
Lot 22   $110,000       Lot 56   $330,000
Lot 23   $110,000       Lot 56a   $11,000
Lot 24   $770,000       Lot 57   $55,000
Lot 24a   $220,000       Lot 58   $110,000
Lot 24b   $165,000       Lot 58a   $110,000
Lot 25   $6,600,000       Lot 59   $110,000
Lot 25a   $55,000       Lot 60a   $275,000
Lot 26   $110,000       Lot 61   $165,000
Lot 29   $165,000       Lot 62   $302,500
Lot 30   $550,000            

Approximately 450 professionals gathered to witness yet another outstanding performance by auctioneer Charlie Ross, who appears on the Antiques Roadshow and Flog It! and David Gooding, President and Founder of Gooding & Company, one of the worlds premier auction houses, which has set numerous world records for sales at auction and by private treaty.

I am thrilled by the dramatic growth and record-setting prices reached today and over the last two years at our intellectual property live auctions, said David Gooding. Buyers and sellers are significantly more confident and comfortable with the live auction forum, and it has proven to be a most efficient and effective way to trade intellectual property in the marketplace.

Upcoming 2008 Live Auctions

The next Ocean Tomo Live IP Auctions will be held in the summer on June 25th-26th in Amsterdam, in conjunction with IAMs CIPO Summit, and in the fall on October 29th-30th in Chicago. The European Live IP Auction catalogue is now available for viewing at www.OceanTomoAuctions.com.

Ocean Tomo has posted an open call for IP submissions for the European catalogue supplement and the fall auction. The following areas of interest have been identified: Digital Music & Video; e-Commerce & Web Services; Insurance & Financial Services; Integrated Circuits & Semiconductors; Integration Technology; Interactive TV & VOD; Online & Mobile Advertising; RFID & Barcode Technology; Security/Digital Rights Management; Social Networking & Web 2.0; User Interface Technology; and Wireless/Network Communications.

Submission deadlines are April 11th for the European auction and May 23rd for the fall auction. To submit IP for consideration or for more information, please call 312.377.4851 or visit www.OceanTomoAuctions.com.

*Please note: All auction results are including buyers premium.

About Ocean Tomo Auctions:

Ocean Tomo Auctions has received global recognition as the leader in the live auctioning of intellectual property assets for some of the worlds largest and most established companies. Hundreds of key decision makers in the intellectual property and financial communities attend and participate in the auctions and related workshops, including C-level executives, Fortune 500® IP professionals, investors, small to mid-size companies, inventors and media professionals. Ocean Tomo Auctions has been featured on CNBC, Bloomberg TV, The Wall Street Journal, Barrons, Red Herring, BusinessWeek, Reuters and more. The live auctions are held in the spring and fall in the U.S. and alternating in the summer between Europe and Asia.

About Ocean Tomo, LLC:

Established in 2003, Ocean Tomo, LLC (www.OceanTomo.com) is the leading Intellectual Capital Merchant Banc® firm that specializes in understanding and leveraging Intellectual Property (IP) assets. The company provides advice in IP-related mergers and acquisitions, investments, valuations, expert services, analytics and transactions. Headquartered in Chicago, Ocean Tomo has offices in San Francisco, Palm Beach, Orange County and Washington, DC. Subsidiaries of Ocean Tomo include: Ocean Tomo Auctions, LLC; Ocean Tomo Asset Management, LLC; and Ocean Tomo Capital, LLC -- publisher of the Ocean Tomo 300® Patent Index (Amex: OTPAT), the Ocean Tomo 300® Patent Growth Index (Amex: OTPATG) and the Ocean Tomo 300® Patent Value Index (Amex: OTPATV).

About Gooding & Company:

Gooding & Company provides unparalleled service in the auction arena. The companys recent Pebble Beach Auction totaled more than $61.3 million. Gooding & Company auctioned the largest donation of its kind in the world, it was the only-known complete collection of first-series Rolls-Royce Silver Ghosts owned by Richard J. Solove, which generated over $14.3 million for cancer research at the Ohio State University Medical Center.

Gooding & Company conducts the Pebble Beach Auction at the annual Pebble Beach Concours d'Elegance in August and the Gooding & Company Scottsdale Auction in January. The company offers a wide range of services including private and estate sales, appraisals, collection management, estate and tax planning assistance. For more information please contact 310-899-1960 or visit www.goodingco.com.

Contacts

Ocean Tomo, LLC
Wendy Chou
718.812.6707
wchou@oceantomo.com

Contacts

Ocean Tomo, LLC
Wendy Chou
718.812.6707
wchou@oceantomo.com