Terocelo and Beijing Institute of Technology Sign Joint Development Agreement for Home Gateway Communications Network

Business Wire, June 18, 2007

VAN NUYS, Calif. -- Terocelo Inc. announced today that it has signed a Memorandum of Understanding with the Beijing Institute of Technology (BIT), China's premier engineering university. Beijing Institute of Technology is developing wireless applications for a Home Gateway Solution. The understanding provides for BIT's Gateway Solutions to utilize Terocelo's Lycon[TM] transceiver chipset and True Software Radio[TM] technology.

"We are excited to have the opportunity to work with Terocelo. We believe that incorporation of Lycon's[TM] True Software Radio[R] technology into our Home Gateway Communications Product project will result in a commercial product that is not only functionally robust, but is also a very cost effective solution. Utilizing one radio technology to provide several communications interfaces is a significant technological advancement. Additionally, software upgradeability provides valuable product flexibility," said Dr. Cao Yuanda, Chief Professor, School of Software, Beijing Institute of Technology.

Terocelo's software reconfigurable transceivers from the Lycon[TM] chip family offer a more cost effective solution than conventional wireless technology, by reducing the total bill of materials. This reduction offers increased efficiency both in development and in supply chain management during manufacturing.

"We consider the recognition of China's Beijing Institute of Technology to be another validation of our True Software Radio[R] technology, with its inclusion into the Home Gateway Network Product. We believe China is the fastest growing marketplace and the largest market worldwide," said Antonio Turgeon, Chairman and CEO of Terocelo.

About Terocelo Inc.

TechnoConcepts Inc. (OTCBB:TCPS)(Frankfurt:UYE.F) does business as Terocelo Inc. Terocelo designs, develops, licenses and markets advanced technology focused in the communications marketplace. Terocelo is positioned in the high-growth, wireless communication market, having developed breakthrough, disruptive technologies. These technologies can be integrated into many high-volume commercial markets, including cell phone, automotive, base station, Femto/Pico Cell, and First Responder markets.

The company has developed and patented True Software Radio[R], a proprietary technology that creates convergence for the wireless industry. True Software Radio[R] has produced the Lycon[TM] family of wireless transmitter-receiver chipsets, designed to enable cell phones, PDAs, laptops, and infrastructure with different radio frequencies, standards, and protocols to adjust by software command so that they can communicate across otherwise incompatible networks, without the need for multiple radios. Lycon[TM] chipsets replace the front end, I/F processing, ADC, and digital filtering sections of radios. Because the technology simplifies design and reduces component costs, the company believes that Lycon[TM] and True Software Radio[R] are ideal platforms for Original Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) to develop new wireless broadband, mobile data, cellular, and other next-generation wireless applications.

More information is available at www.terocelo.com.

About Beijing Institute of Technology

Beijing Institute of Technology (BIT) is a national key university. BIT is an open, international and research-oriented university of science, engineering and humanities with science and engineering as the focus. It is one of the first universities to run a graduate school and receive privileged funds from the central government of the Peoples' Republic of China in "the 7th, 8th and 9th Five Year Plan." BIT is also one of the national "Project 211" universities receiving preferential support from the state. BIT is engaged in the development of wireless technology and has a strong history in this area. BIT ranks among the first-class universities for its high educational and research quality, strong faculty teams, and academic programs with distinctive characteristics.

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, uncertainty caused by fluctuations in currency exchange rates, and difficulty managing rapid growth. For a more detailed discussion of the risks and uncertainties of TechnoConcepts' business, please refer to the company's Annual Report on Form 10-KSB 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.