TEKNOVATION CORPORATION SELECTED BY THE COLORADO TECHNOLOGY INCUBATOR

LONGMONT, Colo., January 3, 2003 — Teknovation Corporation (Tek), a global provider of Digital Video solutions for the Security Industry has been selected to participate as a full member in the internationally recognized, award winning CTEK business incubator program (formerly the Boulder Technology Incubator)

LONGMONT, Colo., January X, 2003 — Teknovation Corporation (Tek), a global provider of Digital Video solutions for the Security Industry has been selected to participate as a full member in the internationally recognized, award winning CTEK business incubator program (formerly the Boulder Technology Incubator).

Teknovation Corporation continues to show growth and earnings capabilities within the international security sector as its array of products and solutions are being accepted by a variety of customers seeking to enhance their security through current video technologies.

CTEK being one of the most distinguished business catalysts in the world brings a wealth of experience, business knowledge, and technical expertise to the Teknovation management team. With the largest network of community-based business mentors and advisors in the world, CTEK is positioned to help guide Teknovation to new levels of success.

CTEK provides us with intimate access to seasoned industry professionals and investors," said Paul Russell, CEO of Teknovation. The experience and assistance provided by our association with CTEK is invaluable to us during this period of growth."

About Teknovation Corporation
With offices in Longmont, Colorado and Oxfordshire, UK, Teknovation Corporation is a global provider of Security focused Digital Video solutions. Digital Video Security is one of the most dynamic and fastest growing segments of the Security industry. For more information, visit Teknovation on the web at www.teknovation.us.

About the Colorado Technology Incubator
The Colorado Technology Incubator (CTEK) is a not-for-profit corporation funded by Colorado businesses, public sources and entrepreneurs to help technology-based startup companies succeed. CTEK has been internationally recognized as a catalyst for business growth and individual mentoring, and has won awards from the National Business Incubation Association and U.S. Small Business Administration. Sister organization CTEK Angels is now the largest organized group of individual investors in the state of Colorado. For more information, visit the CTEK Web site at www.ctek.biz.