SOURCE: IO Circuit

October 09, 2006 10:40 ET Announces DMFCC Agreement Extension

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

LAKE HARMONY, PA -- (MARKET WIRE) -- October 9, 2006 -- VIASPACE Inc. (OTCBB: VSPC), a company dedicated to commercializing proven technologies from NASA and the US Department of Defense, announced today that its subsidiary, Direct Methanol Fuel Cell Corporation (DMFCC), has signed an amended cartridge design and certified manufacturer agreement with Elentec Co., Ltd. of Suwon-city in the Republic of (South) Korea. Elentec is already a cartridge-manufacturing partner of DMFCC, and the amendment extends the agreement until 2011.

Elentec Co., Ltd. is a diversified company with electronic and portable power products. It produces lithium ion battery packs to power cell phones, PDAs, camcorders and laptop computers. Elentec is experienced in producing injection molded plastic parts, and has injection molding capability in its Suwon factory. Elentec is a leading Korean supplier of lithium ion battery packs for portable electronic devices to OEMs worldwide.

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