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TECHNOCONCEPTS, INC. ANNOUNCES APPOINTMENT OF RICHARD A. HAHN AS CHIEF OPERATING OFFICER
TechnoConcepts Inc. / Change of Personnel Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- TECHNOCONCEPTS, INC. ANNOUNCES APPOINTMENT OF RICHARD A. HAHN AS CHIEF OPERATING OFFICER February 7, 2007 - Van Nuys, CA. -- TechnoConcepts, Inc. (TCPS.OB), today announced that it has appointed Mr. Richard A. Hahn as its Chief Operating Officer (COO). Mr. Hahn has more than 40 years of experience in management and as a consultant to companies ranging in size from start-ups to Fortune 100. Mr. Hahn was most recently the founder and General Partner of Enterprise Connections, LLC, a consulting concern for start-up to intermediate size companies, offering various services including access to capital sources. His background includes sales management and executive positions for many technology companies, including IBM, Datapoint, Pertec, Vector Graphic, and International Meta Systems. Mr. Hahn has also served as President and Chief Executive Officer of Broadband TelCom Power, Inc., a distributor of custom power supplies, Thin Film Battery, Inc., a publicly traded company involved in thin film battery research and development, and of Fingraph Corporation, a computer graphics software concern. Mr. Hahn also served on the board of directors of several high technology companies and managed numerous private placements and venture financings. Mr. Hahn also developed key management contacts in major U.S. companies as well as working relationships with manufacturing, technical, and business firms in China and Korea. Mr. Hahn is a graduate of the University of Notre Dame, with a B.S. degree in Business Administration, and was a commissioned officer in the United States Marine Corps where he attained the rank of Captain. Antonio E. Turgeon, Chairman and CEO, said, 'I am pleased to welcome Richard to the TechnoConcepts team as our new COO. Richard has vast experience developing high technology companies into burgeoning ones. His broad reach of relationships, especially in China and Korea, are a perfect fit for our Company especially as we prepare to commercialize our proprietary technology, True Software Radio™, into consumer, industrial and military applications.' _______________________________ About TechnoConcepts TechnoConcepts (OTCBB:TCPS) designs, develops and markets semiconductors for wireless communications. The Company has developed and patented True Software Radio™, a proprietary technology that creates convergence for the wireless industry. True Software Radio™ chipsets are designed to enable cell phones, PDAs, laptops, and other mobile devices with different radio frequencies, standards, and protocols to adjust by software command so that they can communicate directly with each other, across otherwise incompatible networks, without multiple radios. True Software Radio™ chipsets replace the front end, I/F processing, ADC, and digital filtering sections of digital radios. Because the technology simplifies design and reduces component costs, the Company believes that True Software Radio™ is an ideal platform for Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) to develop new wireless broadband, mobile data, cellular, and other next-generation wireless applications. TechnoConcepts' subsidiary, Asante Networks Inc. (OTC: ASTN) is a leading provider of networking solutions for the small-to-medium business and education markets. Asante designs, markets and sells a full line of networking products that provide high-performance, reliable and value-based solutions. More information is available at www.technoconcepts.com . Safe Harbor Statement under the Private Litigation Reform Act of 1995 Forward-looking statements in this release do not constitute guarantees of future performance. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those anticipated. Such statements may relate, among other things to expected financial and operating results, the expected acceptance of the company’s products, the usefulness and benefits of the company’s products generally and the acceptance of the company’s technological solutions and its ability to achieve its goals, plans and objectives. The risks and uncertainties that may affect forward-looking statements include among others: difficulties providing solutions that meet the needs of customers, difficulty in developing new products, difficulty in relationships with vendors and partners, difficulty in introducing products in the marketplace and gaining acceptance of the same, difficulty gaining necessary governmental approvals, difficulty facing the intense competition present in the wireless communications industry, the company’s limited operating history, its inexperience in operating internationally and difficulty managing rapid growth. For a more detail discussion of the risks and uncertainties of TechnoConcepts’ business, please refer to the company’s Annual Report on Form 10K for the fiscal year ended September 30, 2006, filed with the Securities and Exchange Commission, and as subsequently amended. The company assumes no obligation to update any forward-looking statement contained in this press release or with respect to the announcements described herein. Contacts: Media: Beverly Jedynak President Martin E. Janis & Company, Inc. 312-943-1100 ext. 12 bjedynak@janispr.com Investors: Donald C. Weinberger Managing Member Wolfe Axelrod Weinberger Associates, LLC 212-370-4500 don@wolfeaxelrod.com DGAP 05.03.2007 ----------------------------------------------------------------------
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