UTEK Corporation
19 September 2006


FOR IMMEDIATE RELEASE                                          19 September 2006


                                        
                                UTEK CORPORATION
                                        
              STRATEGIC ALLIANCE AGREEMENT FOR TECHNOLOGY TRANSFER
               SIGNED WITH CARGO CONNECTION LOGISTICS HOLDING, INC.
                                         
Tampa, FL & Inwood, NY - UTEK Corporation (AMEX & LSE-AIM: UTK), a specialty
finance company focused on technology transfer, and Cargo Connection Logistics
Holding, Inc. (OTCBB: CRGO; Berlin: CD6.BE; Frankfurt: CD6.F & 217026), a world
trade logistics company, today announced they have signed a strategic alliance
agreement.

"We are enthusiastic about forming a strategic alliance with UTEK Corporation,"
said Jesse Dobrinsky, Chief Executive Officer of Cargo Connection Logistics
Holding, Inc. "We believe, with their assistance, we will be enabled to identify
synergistic technology acquisition opportunities."

"UTEK looks forward to working with Cargo Connection Logistics Holding, Inc. to
identify and potentially transfer proprietary technologies that will be
synergistic with its core business," said Doug Schaedler, Chief Operating
Officer at UTEK Corporation.

Through its strategic alliance agreements, UTEK assists companies in enhancing
their new product pipeline with the acquisition of proprietary intellectual
capital from universities and laboratory research centres. Strategic alliance
agreements are generally cancelable by either party with thirty days advance
written notice.

About Cargo Connection Logistics Holding, Inc.

Cargo Connection Logistics Holding, Inc. is a transportation logistics provider
for shipments importing into and exporting out of the United States. The company
consists of Cargo Connection Logistics Corp. and Cargo Connection Logistics -
International, Inc. Through its recently formed subsidiary, Cargo Connection
Logistics - International it has expanded the scope of its services and most
recently began shipments from Vietnam and has taken a leadership position in a
bold trade initiative with Costa Rica. The subsidiary also recently added staff
in Vietnam and has made expansion of its business in the Pacific Rim a top
priority. The companies currently provide a comprehensive variety of
transportation and warehouse capacity services to shippers throughout the
nation. They have U.S. Customs Bonded Container Freight Station operations
specifically designed to handle internationally arriving freight for the major
retail suppliers through its CFS facilities. For more information about Cargo
Connection Logistics Holding, Inc. please visit its website at www.cargocon.com.

About UTEK Corporation

UTEK(R) is a specialty finance company focused on technology transfer. UTEK's
services enable companies to acquire innovative technologies from universities
and research laboratories worldwide. UTEK facilitates the identification and
acquisition of external technologies for clients in exchange for their equity
securities. This unique process is called U2B(R). In addition, UTEK offers
companies the tools to search, analyse and manage university intellectual
properties. UTEK is a business development company with operations in the United
States, United Kingdom and Israel. For more information about UTEK, please visit
its website at www.utekcorp.com.



CONTACTS:

Cargo Connection Logistics Holding, Inc.
Peter Nasca Associates, Inc.
Peter Nasca                                                   +1 312-421-0723

UTEK Corporation
USA:
Tania Bernier                                            +1 813-754-4330 x223

Consulting for Strategic Growth 1
Stan Wunderlich                                               +1 800-625-2236

UK: Bankside                                                 +44 20-7367-8888
Steve Liebmann or Simon Bloomfield


Forward-Looking Statements

Certain matters discussed in this press release are "forward-looking
statements." These forward-looking statements can generally be identified as
such because the context of the statement will include words, such as UTEK or
Cargo Connection Logistics Holding, Inc. "expects," "should," "believes,"
"anticipates" or words of similar import. Similarly, statements that describe
UTEK's or Cargo Connection Logistics Holding, Inc.'s future plans, objectives or
goals are also forward-looking statements. Such forward-looking statements are
subject to certain risks and uncertainties, including the financial performance
of UTEK or Cargo Connection Logistics Holding, Inc., as appropriate, and the
valuation of UTEK's investment portfolio, which could cause actual results to
differ materially from those currently anticipated. Although UTEK and Cargo
Connection Logistics Holding, Inc. believe the expectations reflected in any
forward-looking statements are based on reasonable assumptions, they cannot give
any assurance that their expectations will be attained. Shareholders, potential
investors and other readers are urged to consider these factors carefully in
evaluating any forward-looking statements. Certain factors could cause results
and conditions to differ materially from those projected in these
forward-looking statements, and some of these factors are discussed below. These
factors are not exhaustive. New factors, risks and uncertainties may emerge from
time to time that may affect the forward-looking statements made herein. These
forward-looking statements are only made as of the date of this press release
and both UTEK and Cargo Connection Logistics Holding, Inc. do not undertake any
obligation to publicly update such forward-looking statements to reflect
subsequent events or circumstances.

UTEK's operating results could fluctuate significantly due to a number of
factors. These factors include the small number of transactions that are
completed each quarter, the value of individual transactions, the timing of the
recognition and the magnitude of unrealised gains and losses, UTEK's dependence
on the performance of companies in its portfolio, the possibility that advances
in technology could render the technologies it has transferred obsolete, the
loss of technology licences by companies in its portfolio, the degree to which
it encounters competition in its markets, the volatility of the stock market and
the volatility of the valuations of the companies it has invested in as it
relates to its realised and unrealised gains and losses, the concentration of
investments in a small number of companies, as well as other general economic
conditions. As a result of these and other factors, current results may not be
indicative of UTEK's future performance. For more information on UTEK and for a
more complete discussion of the risks pertaining to an investment in UTEK,
please refer to UTEK's filings with the Securities and Exchange Commission.




                      This information is provided by RNS
            The company news service from the London Stock Exchange

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