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Updated: July 8th, 2008 05:26 PM CDT

VIASPACE Acquires Exclusive Fields of Use License to High Performance Inference Engine From Caltech

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About Caltech and the Jet Propulsion Laboratory (JPL):

The California Institute of Technology (Caltech) is a small private science and engineering university in Pasadena , California. It has 900 undergraduates, 1100 graduate students and 280 faculty members. The JetPropulsion Laboratory, a NASA Field Center focusing on Space & Earth Scienceand Astrophysics, is managed by Caltech. See websites www.caltech.edu andwww.jpl.nasa.gov.

This news release includes forward-looking statements intended to qualifyfor the safe harbor from liability established by the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate tofuture events or our future performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels ofactivity, performance or achievements to be materially different from anyfuture results, levels of activity, performance or achievements expressed orimplied by these forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as "may," should," "could,""would," "will," "expect," "plan," "intend," "predict," "anticipate,"believe," "estimate," "potential," "continue," or the negative of such termsor other comparable terminology. Similarly, statements in this release thatdescribe the company's business strategy, outlook, objectives, plans,intentions or goals also are forward-looking statements. These statements areonly predictions. Such forward-looking statements involve known and unknownrisks, uncertainties and other factors which may cause the actual results,performance or achievements of the company to be materially different from anyfuture results, performance or achievements expressed or implied by suchforward-looking statements. Such factors include the risks outlined in ourperiodic filings with the U.S. Securities and Exchange Commission, as well asgeneral economic and business conditions, the ability to acquire and developspecific projects, the ability to fund operations and changes in consumer andbusiness consumption habits and other factors over which VIASPACE has littleor no control.

Contacts: Denise Roche Zack Kubow The Ruth Group The Ruth Group 646-536-7008 646-536-7020 droche@theruthgroup.com zkubow@theruthgroup.com

SOURCE VIASPACE Inc.


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