SOURCE: IOCircuit

January 26, 2006 11:24 ET

Immediatek Inc. (OTC: ITEK) Signs Deal With Mark Cuban's Investment Firm

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IOCircuit.

LAKE HARMONY, PA -- (MARKET WIRE) -- January 26, 2006 -- The IO Circuit recommends Immediatek Inc. (OTC BB: ITEK), which announced an investment firm owned by Dallas Mavericks owner Mark Cuban has agreed to buy a controlling stake in a Richardson-based company that sells CD recordings of live concerts minutes after the performances conclude.

Mr. Cuban's firm, Radical Holdings LP, will pay $3 million, or about 68 cents per share, for about 95 percent of Immediatek Inc.'s outstanding shares, according to a filing with the Securities and Exchange Commission. Immediatek chief executive Zach Bair and chief operating officer Paul Marin will remain with the company in their current positions. Mr. Cuban did not respond to an e-mail Wednesday. Mr. Bair declined to comment. Immediatek shares rose 16 cents to close at 19 cents.

Other active stocks are China Development Group Corp (NASDAQ: CTDC), Allion Healthcare, Inc. (NASDAQ: ALLI) and Kulicke & Soffa Industries Inc. (NASDAQ: KLIC)

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