Teknowledge Corporation reported unaudited earnings results for the full year ended December 31, 2007. For the year, the company reported net loss of $943,000, or $0.16 per diluted share, compared to a net loss of $1,197,000 or $0.21 per diluted share, in 2006. Operating income for the year ending December 31, 2007 includes a $1,050,000 gain on the sale of the TekPortal asset that was sold to Intuit in 2005. This gain represents the amount released from escrow in February 2007. Excluding this gain, there would have been an operating loss of $2,092,000, or $0.36 per diluted share, for the year ending December 31, 2007. Revenue for 2007 was $1,521,000, compared to $2,930,000 in 2006. Commercial revenues were $513,000 in 2007 versus $1,985,000 in 2006. Commercial revenue in 2006 included patent license revenue of $1,000,000. Revenue from contract R&D customers in 2007 was $1,008,000 versus $946,000 in 2006, an increase of 7%. This difference is due primarily to revenue on contracts that were awarded in the last half of 2007. The Company continues to compete for and attempt to negotiate new R&D contracts.

Teknowledge Corporation, Annual General Meeting, May 29, 2008, at 10:00 Pacific Daylight. Location: the executive offices of the Company, 2595 E. Bayshore Road, Palo Alto, CA 94303, United States. Agenda: To elect a Class I Director of the Company to serve for a three-year term; to transact such other business as may properly come before the 2007 Annual Meeting and any and all adjournments and postponements thereof .