GlobalWise (GWIV) Provides Shareholder Update and Reports International Expansion to Latin America

COLUMBUS, OH — (Marketwire) — 05/03/12 — GlobalWise Investments, Inc. (OTCBB: GWIV) (OTCQB: GWIV) (www.GlobalWiseInvestments.com) and its wholly owned subsidiary Intellinetics, Inc., a leading-edge technology company focused on the design, implementation and management of cloud-based Enterprise Content Management (”ECM”) systems in both the public and private sectors, today provide an update to shareholders as well as announce global expansion to Latin America.

The management of GlobalWise thought it appropriate at this time to update shareholders on the Company’s recent accomplishments, and the competitive advantages of its technology and the successes the Company is having in developing a strong partner/reseller network.

GlobalWise is a leading-edge technology company focused on the rapidly growing Enterprise Content Management (ECM) industry, which Gartner predicts will exceed $5.7 billion by 2014 with a compound annual growth rate of 10.1%. Through its cloud-based Intellivue™ ECM product line and unique Channel / OEM distribution model, Intellinetics, a wholly owned subsidiary of GlobalWise, is well positioned to dominate in the underserved small-to-mid sized business ECM marketplace.

Intellivue™, the company’s flagship platform, offers substantial savings to any size organization in virtually any industry by offering them immediate access to all of their structured and unstructured (i.e. Word documents, JPEGs, Images, Audio Files, Video Files, Email w/ Attachments, Fax, Hard-copy documents, etc.) corporate information securely, at their desktop or mobile devices (i.e. iPad or iPhone technologies) via the Web. Utilizing this system flexibility, Intellivue™ has seen great success in the following target vertical markets by building ‘on-demand’ process solution templates that are pre-configured with 90% ‘best-practice’ for immediate economic and improved operational impact by enabling ‘quicker-time-to-value’ and increased client adoption; they include:

• Accounts Payable
• Automotive Dealership
• Education K-12
• Financial Services
• Healthcare
• Higher Education
• Human Resources
• Law Enforcement Corrections
• Legal
• Manufacturing Distribution
• Public Sector
• Retail
• Special Education

Through these solution templates, the Intellinetics platform defines a new industry benchmark and game-changing approach by combining advanced virtualization and automated content management with an open and service-oriented architecture using Web services. The Company provides strategies, tactics and technologies to manage paper and digital assets from capture to long-term archive, without the need for manual processes conducted by a full-time employee. In short, the Company offers process efficiencies on their Intellivue™ ECM platform versus selling features and functions of ECM technologies.

IBM Market Insights predicts adoption of cloud computing to grow by 26% CAGR between 2010 and 2013.

The Company’s ECM service is delivered to customers via five unique delivery models that cover the full spectrum of business needs: Cloud/SaaS (Software as a Service); Hardware Vendor Integrated Service; Software Vendor Integrated Service; Premise (Client-Server); and Hybrid (Premise & Cloud/SaaS). This diversity provides advanced security and privacy features with an on-demand structure for businesses in the large, underserved small-to-mid sized business markets.

About the Company’s Channel Partners

Each successful channel partner will add to the revenue of the Company without a significant increase in fixed expenses. While revenue from each successful partner will vary from $50,000 to $900,000 annually, the average channel partner is expected to grow annual revenue by $150,000 – $200,000.

GlobalWise added 14 new channel partner agreements throughout 2011 and expects the growth of its reseller program to accelerate substantially in 2012. By implementing a channel sales model with strategic partners who are already selling software solutions into an established and trusted client base with strategic target markets, the Company is now able to rapidly access a much larger universe of potential clients. The Company anticipates that new channel partnerships will drive triple-digit growth for the next several years.

On April 25, 2012, the company signed its first global expansion partner, SOIN Integrales (www.soin.co.cr), which is headquartered out of Costa Rica. SOIN is a 20+year integrator with a core practice of reselling SAP, Oracle and Sybase ERP systems in both the public and private sectors. Intellinetics will be their only exclusive ECM offering to Latin America. The initial Intellivue™ solution and product launch will start initially in Mexico, Costa Rica, Panama, El Salvador and Nicaragua.

In addition, the Company has signed multiple agreements recently, including:

March 6, 2012 – GlobalWise Announces Channel Sales Partnership With Primary Solutions

Primary Solutions (www.primarysolutions.net) provides software products and services for private and governmental markets within the developmentally disabled community in Ohio. Founded in 1998, Primary Solutions provides its software products to over 330 private agencies and governmental entities.

March 27, 2012 – GlobalWise Announces Channel Sales Partnership With B2B Computer Products

B2B Computer Products, LLC (www.b2bcomp.com) is a national business-to-business value-added reseller and service provider of computer hardware and software with over 35 distribution centers throughout the US. They are a client-focused technology provider with proven experience in design, product recommendation and implementation of complex multi-vendor IT solutions. The partnership with Intellinetics will allow B2B Computer to add the cloud-based Intellivue™ ECM software to its vast array of service offerings and better serve its roster of over 24,000 clients. The company is consistently named as one of the fastest-growing private companies in the U.S. by Inc. magazine. B2B Computer grew 534.2% from 2005 to 2010.

April 3, 2012 – GlobalWise Announces Channel Sales Partnership With ImageSoft

ImageSoft (www.imagesoftinc.com) provides innovative content management solutions that enable organizations to operate more efficiently and effectively. Founded in 1996, ImageSoft provides high-end ECM software products to serve state and county governments, insurance, healthcare, court systems and educational institutions. ImageSoft has ECM clients within the United States, Canada and Mexico. Since 2000 ImageSoft, Inc. has been a Platinum partner of one of Gartner Magic Quadrant’s top ECM companies. The company has been named one of Inc. magazine’s fastest growing private companies for the last four years and was named one of the top 50 small and mid-sized organizations to work for in 2011.

April 10, 2012 – GlobalWise Joins the Center for Digital Education to Expand K-12 Educational Services

GlobalWise announced membership with the Center for Digital Education (www.centerdigitaled.com) to expand scope of service offerings with kindergarten through 12th (K-12) grade educational solutions. The Center for Digital Education (CDE) is a national research and advisory institute specializing in K-12 and higher education technology trends, policy and funding. Along with its research services, CDE issues white papers and conducts the annual Digital School Districts and Digital Community Colleges surveys and award programs as well as hosting events across the K-12 and higher education arena.

April 17, 2012 – GlobalWise Announces Channel Sales Partnership With FormFast, New Agreement Extends Company’s Product Scope Into Healthcare Organizations

Since 1992, FormFast (www.formfast.com) has been the recognized leader in e-forms software that has enabled healthcare organizations to achieve significant process improvement across the enterprise. With custom workflow solutions ranging from HR, contract management, risk management and compliance, FormFast is the top-ranked workflow provider for over 950 high performance hospitals in achieving their goal of being paperless. Among the 950 hospitals the company serves internationally are the Cleveland Clinic, the Mayo Health Organization, the Hospital Corporation of America and the University of Maryland Medical System. For a more complete client list: http://www.formfast.com/Client-List.

FormFast alone represents up to $51 million in potential sales for GWIV. While 100% market penetration into Form Fast’s client base is not expected, this will likely be one of GlobalWise’s key revenue drivers moving forward.

May 2, 2012 – GlobalWise Announces Channel Sales Partnership With the eVero Corporation, Partnership Expands GlobalWise Sales Opportunities Within the Health and Human Services Industries

The eVero Corporation (www.evero.com) has been an information technology (IT) solutions provider exclusively to the Health and Human Services marketplace for over a decade. Their clients include government agencies, health care institutions, medical billing companies and large health service organizations that focus on developmentally disabled patients. The eVero objective is to provide their clients with the ability to obtain the same level of technology solutions that Fortune 500 companies receive, but at a fraction of the cost. eVero’s products and services automate core functionality allowing among other functions:

• A single record to be accessed by all members of the treatment team;
• Track providers and patients at multiple locations and record information about each visit;
• Allow a stand-alone electronic eligibility verification system for Medicaid.

In addition to Intellinetics, eVero partners are global companies that support the execution of eVero’s Information Technology as a Service. They are considered “Best Of Breed” in their various industries.

GlobalWise anticipates signing many more of these agreements with domestic as well as international partners during the course of 2012 as it continues to position itself as a leader of the industry. The Company expects to deliver significant and consistent annual revenue growth each year for the foreseeable future as its experienced management team takes advantage of the significant opportunities that currently exist in the marketplace and continues to partner with the some of the largest and most successful companies in the industry.

About GlobalWise Investments, Inc.

GlobalWise Investments, Inc., via its wholly owned subsidiary Intellinetics, Inc., is a Columbus, Ohio based Enterprise Content Management (ECM) pioneer with industry-leading software that delivers cloud ECM based solutions on-demand. The Company’s flagship platform, Intellivue™, represents a new industry benchmark and game-changing solution by enabling clients to access and manage the content of every scanned document, file, spreadsheet, email, photo, audio file or video tape – virtually anything that can be digitized – in their enterprise from any PC, laptop, tablet or smartphone from anywhere in the world.

For additional information, please visit the Company’s corporate website: www.GlobalWiseInvestments.com

This press release may contain “forward-looking statements.” Expressions of future goals and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements may include, without limitation, statements about our market opportunity, strategies, competition, expected activities and expenditures as we pursue our business plan. Although we believe that the expectations reflected in any forward-looking statements are reasonable, we cannot predict the effect that market conditions, customer acceptance of products, regulatory issues, competitive factors, or other business circumstances and factors described in our filings with the Securities and Exchange Commission may have on our results. The company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this press release.

GlobalWise Investments, Inc.
Columbus, Ohio
www.GlobalWiseInvestments.com
614-388-8909
Contact@GlobalWiseInvestments.com

Mission Investor Relations
Atlanta, Georgia
http://www.MissionIR.com
404-941-8975
Investors@MissionIR.com

Cubic Wire Detector Represents Enhancements to SEFE, Inc. (SEFE)

SEFE, Inc. (OTCBB: SEFE) (“SEFE”) (“The Company”), a technology- and solutions-driven sustainability company, has revealed important details on its Cubic Wire Detector, which represents an enhancement to the Company’s pending patent covering Collection of Atmospheric Ions.

The Cubic Wire Detector is categorized as a “continuation-in-part” application, adding a variation to SEFE’s patent-pending application for Collection of Atmospheric Ions while claiming priority based on the original patent, which was filed with the U.S. Patent and Trademark Office on May 12, 2011. The variation employs an open-frame cubic box with alternating wires rather than parallel plates to collect atmospheric ions, and provides insight into where the most abundant source of atmospheric charge is located.

The cubic wire geometry is more suited to the flight environment and is also able to capture directionality, depletion, and charge mobility measurements. The alternating wires are held at a high voltage and the ions that pass between the wires are accelerated by the high voltage and measured as a current. The system adds a secondary decay mode to measure the mobility of the charge in the atmosphere during the test.

“The Cubic Wire Detector provides an important variation of the ion categorization technology; this allows us to perform the testing essential to the development of the Harmony III product line,” said Ryan Coulson, Lead Scientist for SEFE. “Understanding where the highest charge density lies is absolutely critical to Harmony III. The Cubic Detector improves our ability to study how atmospheric static charge is consumed and replenished.”

For more information visit www.SEFElectric.com.

About SEFE, Inc.

SEFE focuses on pushing the boundaries of what’s possible, embracing innovation and employing the cutting-edge to solve problems, and offering sustainable solutions to a world hungry for invention, direction and leadership. SEFE is technology- and solutions-driven, focusing on developing inventions that provide a real-world impact and true profitability. So, success is measured by both a sustainable return on investment, as well as a project’s sustainability from an environmental perspective.

For more information, visit www.SEFElectric.com.

Forward-Looking Statements

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.

EDGAR Online (EDGR) Reports Record Revenue for Fifth Consecutive Quarter

Wowjoint Holdings Limited (BWOW) Announces Listing Transfer

Hudson Technologies (HDSN) Reports $0.10 Earnings Per Diluted Share for First Quarter 2012

Hudson Technologies, Inc. (NASDAQ: HDSN), announced results for the first quarter ended March 31, 2012.

Revenues for the three months ended March 31, 2012 increased more than 7% to $14,854,000 from $13,818,000 in the comparable 2011 period. Hudson reported a gross profit margin of 40% for the first quarter of 2012 compared to 27% in the first quarter last year. The Company also reported net income of $2,509,000, or $0.11 per basic share and $0.10 per diluted share for the first quarter of 2012, compared to net income of $1,088,000, or $0.05 per basic share and $0.04 per diluted share for the first quarter of 2011. Income tax expense of $1,538,000 and $667,000 for the first quarter of 2012 and for the first quarter of 2011, respectively, is largely a non-cash item as a result of the Company’s deferred tax asset.

Kevin J. Zugibe, Chairman and Chief Executive Officer of Hudson Technologies commented, “During the first quarter of 2012 the industry saw, and continues to see, a dramatic increase in the price of R-22 which favorably impacted our first quarter performance. The increased sales price of R-22 followed the Environmental Protection Agency’s (EPA) issuance in January 2012 of ‘No Action Assurance’ letters to producers and importers of R-22 that, until the EPA’s issuance of a final rule, limits the amount of R-22 that can be manufactured and/or imported in 2012 by approximately 45% from the amount allowed in 2011. We believe a final rule from the EPA establishing the actual production and consumption limits for 2012, 2013 and 2014 will be issued later this year. Despite a slight decline in the volume of pounds sold during the first quarter, which is a result of our inventory management as we move through the current year, increased R-22 pricing contributed to our ability to achieve record revenues and gross margins of 40%.

“As we’ve stated previously, we believe that increases in the price of R-22 support the growth of reclamation by providing contractors with the needed economic incentive to recover used, or ‘dirty’ gas. As R-22 increases in value and it becomes more economically attractive for contractors to recover and return used R-22, we believe Hudson will acquire an increased number of pounds of refrigerant that we can reclaim to virgin specifications and then resell in the marketplace to help fill the supply gap created by the EPA as virgin R-22 production phases out. It’s important to note that reclamation is largely a seasonal activity that commences in late spring and typically continues into early winter, slightly trailing the cooling season. We have always believed that the missing catalyst for increased reclamation was the price of R-22 so, although we have not yet entered the traditional reclamation season, the recent and dramatic increase in the price of R-22 could possibly drive significant growth in reclamation beginning this summer.

“In 2011, despite a strong first quarter, we saw declines in refrigerant prices and reduced profitability during the balance of the 2011 cooling season. In 2012, we again had a strong first quarter, but unlike last year, we are expecting improvement in the profitability of the Company for the remainder of the 2012 cooling season. We remain confident that we are well positioned to take advantage of the industry shift currently underway and we’ve been carefully managing our inventory to effectively capitalize on the ongoing opportunities resulting from the increase in R-22 pricing. Likewise, we recognize the importance of ensuring that our broad product and service offerings provide the right solution in the right place at the right time to meet our customers’ needs and we are focused on executing on this strategy to drive sustainable revenue and earnings growth.”

CONFERENCE CALL INFORMATION

The Company will host a conference call to discuss the first quarter results today, May 2, 2012 at 10:00 A.M. Eastern Time.

To access the live webcast log onto the Hudson Technologies website at www.hudsontech.com and click on “Investor Relations”.

To participate in the call by phone, dial (877) 407-9205 approximately five minutes prior to the scheduled start time. International callers please dial (201) 689-8054.

A replay of the webcast will be available until April 6, 2012 and may be accessed by dialing (877) 660-6853 and international callers may dial (201) 612-7415. Callers should use account number 286 and pass code 390085.

About Hudson Technologies

Hudson Technologies, Inc. is a leading provider of innovative solutions to recurring problems within the refrigeration industry. Hudson’s proprietary RefrigerantSide^® Services increase operating efficiency and energy savings, and remove moisture, oils and other contaminants frequently found in the refrigeration circuits of large comfort cooling and process refrigeration systems. Performed at a customer’s site as an integral part of an effective scheduled maintenance program or in response to emergencies, RefrigerantSide^® Services offer significant savings to customers due to their ability to be completed rapidly and at higher purity levels, and can be utilized while the customer’s system continues to operate. In addition, the Company sells refrigerants and provides traditional reclamation services to the commercial and industrial air conditioning and refrigeration markets. For further information on Hudson, please visit the Company’s web site at www.hudsontech.com.

Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995

Statements contained herein which are not historical facts constitute forward-looking statements. Such forward-looking statements involve a number of known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, but are not limited to, changes in the markets for refrigerants (including unfavorable market conditions adversely affecting the demand for, and the price of, refrigerants), the Company’s ability to source refrigerants, regulatory and economic factors, seasonality, competition, litigation, the nature of supplier or customer arrangements which become available to the Company in the future, adverse weather conditions, possible technological obsolescence of existing products and services, possible reduction in the carrying value of long-lived assets, estimates of the useful life of its assets, potential environmental liability, customer concentration, the ability to obtain financing, risks associated with the Company’s joint venture which include the ability of the parties to perform their obligations under the joint venture agreement, any delays or interruptions in bringing products and services to market, the timely availability of any requisite permits and authorizations from governmental entities and third parties as well as factors relating to doing business outside the United States, including changes in the laws, regulations, policies, and political, financial and economic conditions, including inflation, interest and currency exchange rates, of countries in which the joint venture may seek to conduct business, and other risks detailed in the Company’s periodic reports filed with the Securities and Exchange Commission. The words “believe”, “expect”, “anticipate”, “may”, “plan”, “should” and similar expressions identify forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date the statement was made.

CASMED (CASM) to Announce First Quarter 2012 Financial Results and Hold Conference Call on May 8, 2012

BRANFORD, Conn., April 30, 2012 (GLOBE NEWSWIRE) — CAS Medical Systems, Inc. (Nasdaq:CASM) (CASMED) a leader in medical devices for non-invasive patient monitoring, today announced that it will report its financial results for the first quarter of 2012 on Tuesday, May 8^th prior to the market’s opening. Management will host a conference call to discuss these results and answer questions at 10:00 a.m. (ET) that day.

Conference call dial-in information is as follows:

• U.S. callers: (866) 239-5859
• International callers: (702) 495-1913

Individuals interested in listening to the live conference call via the Internet may do so by logging on to the Company’s website, www.casmed.com.

A telephone replay will be available from 11:00 a.m. (ET) on May 8, 2012, through 11:59 p.m. (ET) on May 15, 2012. Replay dial-in information is as follows:

• U.S. callers: (855) 859-2056
• International callers: (404) 537-3406
• Conference ID number (U.S. and international): 76917538
• The replay will also be available at www.casmed.com.

About CASMED® – Monitoring What’s Vital

CASMED is a leading developer and manufacturer of medical devices for non-invasive patient monitoring. The Company’s FORE-SIGHT Absolute Cerebral Oximeter is the only cerebral oximeter available with FDA clearance for non-invasive, continuous measurement of absolute cerebral tissue oxygen saturation for all patients, regardless of age or weight. Direct monitoring of tissue oxygenation provides a unique and powerful tool to alert clinicians to otherwise unrecognized and dangerously low levels of oxygenation of the brain and other tissues thereby allowing them to intervene appropriately in the care of their patients. In addition to FORE-SIGHT Oximeters and accessories, the Company provides a line of bedside patient vital signs monitoring products, proprietary non-invasive blood pressure monitoring solutions for OEM use, neonatal intensive care supplies, and service. CASMED products are designed to meet the needs of a full spectrum of patient populations worldwide, ranging from adults to pediatrics and neonates.

For further information regarding CASMED, visit the Company’s website at www.casmed.com.

CONTACT: Company Contacts
         CAS Medical Systems, Inc.
         Jeffery Baird
         Chief Financial Officer
         203-315-6303
         ir@casmed.com

         Investors
         LHA
         Kim Sutton Golodetz (kgolodetz@lhai.com)
         (212) 838-3777
         or
         Bruce Voss (bvoss@lhai.com)
         (310) 691-7100
         @LHA_IR_PR

ClearSign Combustion (CLIR) Announces Completion of Initial Public Offering of Common Stock

SEATTLE, WA — (Marketwire) — 04/30/12 — ClearSign Combustion Corporation (NASDAQ: CLIR) today announced the completion of its previously announced public offering of 3,000,000 shares of its common stock. Gross proceeds to the Company of the public offering are $12 million.

MDB Capital Group LLC acted as the underwriter for the offering.

The securities described above were sold by the Company pursuant to a registration statement previously filed and declared effective by the Securities and Exchange Commission. This press release does not constitute an offer to sell or a solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Copies of the final prospectus relating to this offering may be obtained from MDB Capital Group LLC, 401 Wilshire Boulevard, Suite 1020, Santa Monica CA 90401, (310) 526-5000.

About ClearSign Combustion Corporation
ClearSign Combustion Corporation designs and develops technologies that aim to improve key performance characteristics of combustion systems including energy efficiency, emissions control, fuel flexibility and overall cost effectiveness. Our Electrodynamic Combustion Control™ (ECC™) platform technology improves control of flame shape and heat transfer and optimizes the complex chemical reactions that occur during combustion in order to minimize harmful emissions. For more information about the Company, please visit www.clearsigncombustion.com

About MDB Capital Group
MDB Capital Group LLC is an investment banking and institutional research firm focused exclusively on companies possessing or seeking to develop market changing, disruptive technologies and intellectual property. For more information on MDB Capital Group, please visit www.mdb.com

Cautionary note on forward-looking statements

This press release includes forward-looking information and statements. Except for historical information contained in this release, statements in this release may constitute forward-looking statements regarding our assumptions, projections, expectations, targets, intentions or beliefs about future events that are based on management’s belief, as well as assumptions made by, and information currently available to, management. While we believe that our expectations are based upon reasonable assumptions, there can be no assurances that our goals and strategy will be realized. Numerous factors, including risks and uncertainties, may affect our actual results and may cause results to differ materially from those expressed in forward-looking statements made by us or on our behalf. Some of these factors include the acceptance of existing and future products, the impact of competitive products and pricing, general business and economic conditions, and other factors detailed in our Annual Report on Form 10-K and other periodic reports filed with the SEC. We specifically disclaim any obligation to update or revise any forward-looking statement whether as a result of new information, future developments or otherwise.

CONTACT:
John McFarland
Investor Relations
(206) 673-4848
john@clearsigncombustion.com

Cleantech Solutions (CLNT) Receives $1.7 Million Order for Airflow Dyeing Machines

Anderson Family Proposes Transaction to Acquire 100% of Public Interest in Books-A-Million, Inc. (BAMM)

Clyde B. Anderson announced on April 28, 2012, that the Anderson family has made a non-binding proposal to acquire all of the outstanding publicly-held shares of the common stock of Books-A-Million, Inc. (NASDAQ: BAMM) (the “Company”). Mr. Anderson is the Executive Chairman of the Company and Mr. Anderson and other members of the Anderson family currently directly or indirectly control shares of stock representing, in the aggregate, approximately 53 percent of the common stock of the Company.

According to the proposal, public shareholders would receive $3.05 per share in cash, representing a premium of approximately 20 percent over the closing price on April 27, 2012, and 13 percent over the average closing price of the Company’s common stock for the past 90 trading days. The proposal values the total equity of the Company at approximately $48.8 million.

In the proposal letter, Mr. Anderson stated he anticipates the acquisition would be in the form of a merger of the Company with a newly formed acquisition vehicle that the Anderson family would control. Mr. Anderson also stated in the letter that the transaction would be financed through borrowings available under the Company’s existing credit line, and that the proposal is conditioned on availability of sufficient funds under that credit line. The Anderson family expects the Company’s management to remain in place following the merger along with the rest of the Company’s valued employees.

In the letter, Mr. Anderson said: “We believe that this Proposal presents a unique and highly attractive opportunity for the public shareholders of the Company.”

Mr. Anderson also noted in his letter that he expects that the Board of Directors of the Company will establish a special committee of independent directors with its own legal and financial advisors to review the proposal on behalf of the Company’s public shareholders. Mr. Anderson indicated in his letter that he and the other interests of the Anderson family do not intend to move forward with the proposed transaction unless the special committee makes a favorable recommendation to the Board.

In the letter, Mr. Anderson also stated that the definitive transaction documents will provide that the transactions will be conditioned upon the approval of a majority of the shares of stock of the Company that are not directly or indirectly controlled by members of the Anderson family. Mr. Anderson also made clear that he and the other members of the Anderson family are interested only in acquiring the outstanding shares of the Company that they do not already own, and are not currently interested in considering a sale of their shares to a third party or any merger or other strategic transaction involving any third party and do not intend to vote in their capacity as shareholders in favor of any such transaction.

Mr. Anderson has engaged Ropes & Gray LLP as his legal advisor and BDT & Company, LLC as his financial advisor for the proposed transaction.

A copy of Mr. Anderson’s letter to the Board is attached as an exhibit to Amendment No. 8 to the Anderson family’s Schedule 13D, which is being filed with the Securities and Exchange Commission (“SEC”) today, and once filed will be available at no charge on the SEC’s website at www.sec.gov.

Pending the execution of a definitive agreement, the Company’s shareholders and others considering trading in its securities should recognize that the announcement of this proposal is only the beginning of the process of considering the proposal and that no definitive time frame has been determined and that there can be no assurance that any transaction, whether on the proposed terms or other terms, will be consummated. There can also be no assurance that Mr. Anderson will be able to obtain the financing commitments necessary to proceed with the proposal.

This press release is not a solicitation of a proxy, an offer to purchase nor a solicitation of an offer to sell shares of the Company, and it is not a substitute for any proxy statement or other filings that may be made with the Securities and Exchange Commission (the “SEC”) should this proposed transaction go forward. If such documents are filed with the SEC, investors will be urged to thoroughly review and consider them because they will contain important information, including risk factors. Any such documents, once filed, will be available free of charge at the SEC’s website (www.sec.gov) and from the Company.

SEFE, Inc. (SEFE) Announces Tether Contact System

SEFE, Inc. (OTCBB: SEFE) (“SEFE”) (“The Company”), a technology- and solutions-driven sustainability company, has introduced a summary of its tether contact system and its role in the company’s flagship Harmony III product.

In brief, the tether contact system is designed to minimize electrical path length on the power tether. The system uses a proprietary mechanism to complete the power circuit, removing the unused power tether from the path. This system functions in tandem with the dynamic electrical converter and the electrostatic motor-generator as an efficiency booster. This allows for the same hardware to be used no matter what the flight elevation of the aerostat will be.

“The most oft-asked questions about the design of our system are related to its safety and efficiency. This component of our system is one of several inventions geared toward addressing both of those issues in order to enhance the product as a whole,” stated Mike Hurowitz, SEFE’s Director of Engineering.

For more information visit www.SEFElectric.com.

About SEFE, Inc.

SEFE focuses on pushing the boundaries of what’s possible, embracing innovation and employing the cutting-edge to solve problems, and offering sustainable solutions to a world hungry for invention, direction and leadership. SEFE is technology- and solutions-driven, focusing on developing inventions that provide a real-world impact and true profitability. So, success is measured by both a sustainable return on investment, as well as a project’s sustainability from an environmental perspective.

For more information, visit www.SEFElectric.com.

Forward-Looking Statements

This release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding our expected future financial position, results of operations, cash flows, financing plans, business strategy, products and services, competitive positions, growth opportunities, plans and objectives of management for future operations, as well as statements that include words such as “anticipate,” “if,” “believe,” “plan,” “estimate,” “expect,” “intend,” “may,” “could,” “should,” “will,” and other similar expressions are forward-looking statements. All forward-looking statements involve risks, uncertainties and contingencies, many of which are beyond our control, which may cause actual results, performance, or achievements to differ materially from anticipated results, performance, or achievements. We are under no obligation to (and expressly disclaim any such obligation to) update or alter our forward-looking statements, whether as a result of new information, future events or otherwise.