Viaspace, Inc. (VSPC)

[hedge_fun]

The ghost of VSPC past.....

Investment Alerts: VSPC! February 1, 2007

VIASPACE Inc. (OTCBB: VSPC) has just issued a huge press release that should have the attention of investors! Yesterday after the stock markets closed, the company, dedicated to commercializing proven technologies from NASA and the US Department of Defense, issued a business update on several key developments that the company believes position it for growth in the security/defense and fuel cell sectors.

This news should be a boost to investors. VIASPACE has achieved strong revenue results, executed a teaming agreement with Raytheon Company's Network Centric Systems, established a leadership role in the emerging direct methanol fuel cell cartridge market, received an upgraded rating from analyst firm Dutton Associates, obtained several key government contracts and strengthened its intellectual property portfolio.

Earlier this week, research analyst firm Dutton Associates announced an upgrade to both its rating and revenue estimates for VIASPACE. Citing VIASPACE's better than expected revenues, and the accelerating interest surrounding the use of portable fuel cells in consumer electronics among the large OEMs, Dutton Associates reported: "We upgrade our rating on VIASPACE Inc. from Neutral to Speculative Buy. Also, we are upgrading our 2006E and 2007E revenue estimates as the Company should see momentum following the recent agreements with Raytheon and L-3 Communications."

Dr. Carl Kukkonen, CEO of VIASPACE and its subsidiaries, commented: "VIASPACE is growing rapidly, making significant strides in our direct methanol fuel cell cartridge and security and defense businesses. After doubling revenue in 2006, we are working to at least double our revenue again this year. We have obtained substantial government contracts and forged relationships with major players including Raytheon and L-3 Communications. We are seeing noteworthy progress on the part of consumer electronics OEMs to commercialize fuel cell powered devices, which we believe validates our continued focus on becoming a leading supplier of direct methanol fuel cartridges. And we are expanding our considerable intellectual property portfolio. We are pleased that the analysts at Dutton Associates have recognized VIASPACE's most recent accomplishments and share our positive outlook."

This continues to be a stock for speculative investors to watch! VIASPACE continues to build on its impressive portfolio of patents representing groundbreaking government R&D and investment licensed from the California Institute of Technology, operator of NASA's Jet Propulsion Laboratory. Recently the company has filed several patent applications surrounding its methanol fuel cartridges, soft ionization membrane technology and automated threat detection system.

Investors should read the entire press release. Highlights include:

-- VIASPACE subsidiary Direct Methanol Fuel Cell Corporation (DMFCC) focuses on producing and distributing methanol fuel cartridges designed to provide the energy source for laptop computers, cell phones and other portable electronic devices expected to be powered by direct methanol fuel cells. DMFCC also uses its licensed intellectual property rights to provide intellectual property protection for manufacturers of direct methanol and other liquid hydrocarbon fuel cells. ABI Research predicts that 13.5% of laptops will run on fuel cells by 2012. Recently major OEMs including Samsung, Toshiba and Hitachi have announced methanol-powered products. Samsung recently announced a fuel cell-powered notebook that can run five hours a day for one month on a single fill-up. DMFCC is establishing a global network of partners to manufacture and distribute its fuel cartridges with design and certified manufacturer agreements in place with Nypro Inc. in the United States, Elentec, SMC and Hyun Won in Korea, and Seed Corporation/Sato Group in Japan. In addition, the company will demonstrate its fuel cartridges working with a direct methanol fuel cell made by Parker Hannifin at the Fuel Cell Expo in Tokyo February 7-9.

-- VIASPACE and Raytheon NCS recently executed a teaming agreement that will include collaboration on sensor and data fusion and real-time diagnostic solutions for homeland security and national defense applications. This strategic agreement will enable both companies to jointly pursue new and emerging security applications built around the real-time analysis of advanced sensor technologies. VIASPACE eagerly anticipates leveraging its own hardware and software expertise and proprietary technology along with Raytheon's exceptional marketing capabilities, technical expertise, global distribution channel and extensive customer base to deliver leading edge security and surveillance products.

A Market Advisors report on VIASPACE, placing a $2.05 per share price target on the company's stock can be seen at: http://www.SmallCapStockWatch.com

Before the company's news was released, the stock closed on Wednesday at Fifty Seven cents a share.

It's been pumped before.....more to come about VSPC shell companies.....