ICAP Ocean Tomo Auctions – a division of ICAP (IAP.L), the world’s premier interdealer broker – today announced it will offer for sale a large number of intellectual property assets held by Philips Electronics on July 23rd in Chicago at The ICAP Ocean Tomo Summer IP Markets 2009 Auction & Conference with essential information regarding all lots available immediately online at http://catalog.oceantomoauctions.com.

The Philips lot comprises over fifty assets with worldwide coverage relating to digital networking, with an emphasis on message delivery over digital networks. The ubiquity of technology throughout businesses in all industries has made the idea of launching a startup without budgeting for computer hardware and other technology costs nearly inconceivable. Further, as a company grows, its reliance on technology only increases, as instantaneous communication becomes critical to organization, efficiency and productivity.

The Philips assets up for auction on July 23rd pertain to mid- to large-scale communication systems and provide substantial domestic and international protection. The portfolio includes assets relating to converged systems involving both web-based and wireless networks, to new and improved message delivery methods using network beacons, novel means of interaction between beacon devices and portable network devices, and even methods for using the communication network to locate mobile devices.

“Businesses that are serious about maximizing the utility of their networks, particularly internet service providers and network software developers, would do well to look into these assets” said Dean Becker, of ICAP Ocean Tomo. “The breadth of this lot’s protection will make it a strong addition to any patent portfolio.”

Potential buyers/licensees include internet service providers, software companies, wireless, targeted advertising firms, and networking infrastructure manufacturers.

The technology being sold has been cited as prior art in patents by numerous firms including Samsung Electronics Co. (KS:005930), Sony Corporation (NYSE:SNE), and Intel Corporation (NYSE:INTC).

To submit IP for consideration by Ocean Tomo Auctions or for inquiries regarding these lots, contact 312.377.4851 or auctions@oceantomo.com.

Hart Davis Hart offered a second installment of French Classics from a Magnificent Cellar last weekend in Chicago, realizing $1,894,350 against a pre-sale auction estimate of $1,204,010 to $1,805,060. Highlights included a case of 12 bottles of 1961 Palmer recently released from Mähler-Besse that brought $22,705 (est. $10,000-15,000), a case of 6 magnums of 1988 La Tâche from Domaine de la Romanée-Conti that achieved $15,535 (est. $6,000-9,000), and an assortment case of 1999 DRC that realized $26,290 (est. $14,000-20,000.)

Bidders participated from 34 states, the District of Columbia and Puerto Rico, as well as the Bahamas, Brazil, Canada, China, Denmark, Germany, Iceland, Japan, Luxembourg, Mexico, the Philippines, Singapore, Spain, Switzerland, the United Kingdom, and Venezuela.

“We saw strong bidding from the US, Europe, and Asia,” said President and CEO Paul Hart. “The market has stabilized and prices continue to creep upward.”

Online bidders were active against a strong order book and room bidders. 75 of the 433 lots hammered above the high estimate. Prices were strong across all categories as Bordeaux, Burgundy, Rhône, and California wine brought strong results.

Commented Vice-Chairman Michael Davis: “It was an honor to represent a second installment of this remarkable collection. Bidders responded enthusiastically throughout the day which bodes well for the fall season.”

Top Ten Lots (inclusive of 19.5% buyer’s premium):
1. Lot 27: 1982 Château Lafite Rothschild (6 mags)
at $28,680 (est. $18,000-$28,000)
2. Lot 329: 1999 Domaine de la Romanée-Conti Assortment (12 bs)
at $26,290 (est. $14,000-20,000)
3. Lot 7: 1959 Château Latour (5 mags)
at $26,290 (est. $15,000-22,000)
4. Lot 185: 1998 Château Pétrus (6 mags)
at $26,290 (est. $16,000-24,000)
5. Lot 28: 1982 Château Lafite Rothschild (3 dbl-mags (3L))
at $26,290 (est. $18,000-28,000)
6. Lot 13: 1997 Romanée-Conti, Domaine de la Romanée-Conti (1 meth (6L))
at $20,315 (est. $22,000-32,000)
7. Lot 328: 1993 La Tâche, Domaine de la Romanée-Conti (12 bs)
at $16,730 (est. $8,500-13,000)
8. Lot 318: 1988 La Tâche, Domaine de la Romanée-Conti (6 mags)
at $15,535 (est. $6,000-9,000)
9. Lot 330: 1999 Romanée-Conti, Domaine de la Romanée-Conti (1 mag)
at $15,535 (est. $10,000-15,000)
10. Lot 499: 1982 Lafite Rothschild (6 mags)
at $26,290 (est. $14,000-20,000)

Total aggregate: $1,894,349
Percent sold by lot: 100%

An Auction of Finest & Rarest Wines
Including an Outstanding Selection from a Prominent Restaurant
Saturday, June 27, 2009 | TRU Restaurant 10:00 a.m.

Hart Davis Hart Wine Co will offer an Auction of Finest & Rarest Wines on Saturday, June 27th, at TRU Restaurant (676N. St. Clair St) starting at 9:00am CST. The sale is anchored by an outstanding offering from the extensive cellar of a prominent restaurant that has been in business for over three decades. The selection features an expansive range of both French and Californian wines, most of which were acquired on initial release and cellared since under ideal conditions. A broad selection of Bordeaux is featured and encompasses a dazzling range of the 1982 vintage. Additional highlights of this collection include single-vineyard Côte Rôtie from Guigal, Burgundy from Domaine de la Romanée-Conti, and classics from Napa Valley, most of which are in full case quantity.

“After 25 years in the fine wine business, it isn’t often that I come across something that I have never seen before. While in town for the Hart Davis Hart sale last weekend I decided to spend some time in the cellars looking at wines to be offered in the upcoming June 27 auction. When I opened one of the previously banded 1971 Assortment cases of DRC from the Cellar of a Prominent Restaurant I literally got those same chills of excitement that I had 9 years ago in the Singleton Cellar. Pristine is an understatement. This sale will provide a rarely seen opportunity to buy older wines that were purchased upon release and are for the first time seeing the light of day. The four 1971 DRC Assortment cases will be some of the most important lots offered at any auction this decade. Book your flights now, and come to Chicago for a truly magnificent auction.” Kevin Swersey, Senior Consultant

Upcoming Auction Calendar
June 27, 2009
September 12, 2009
October 24, 2009
December 5, 2009

Bidding Information
Auction catalogs are available through the website or by calling Hart Davis Hart (hdhwine.com; 312.482.9996.) The expanded website allows bidders to view and search the auction catalog and place absentee bids online.

Hart Davis Hart’s state-of-the-art technology allows bidders worldwide to participate in the Chicago-based live auctions via the Internet. Bidders can follow the auction in the salesroom, hear the live auction, and bid against the room, all in real-time. More details about the technology can be found at www.hdhwine.com.

Bidders are encouraged to attend the auction in person, but Hart Davis Hart welcomes bids by phone, fax, through the website, and via the live-bid technology. For more information, contact Hart Davis Hart at 312.482.9996 or go to hdhwine.com.

Ravenel Art, once again, has set the standard for auctions of modern and contemporary Asian art with outstanding results at its Taipei Spring auction on Sunday June 7, 2009. The total amount realized at the auction was 212, 804, 000 NT Dollars, 6, 507, 768 million US Dollars including commission. 77.7% of lots were sold, 136/175, with a value of lots sold at 111.4%. A truly great result in today’s market.

A very positive reaction to the works on offer during the Taipei preview on Friday and Saturday, and the reasonable estimates in the catalogue raised expectations that the auction would deliver strong results. The auditorium was crowded before the auction on Sunday with around 600 people in attendance. A large number of written bids had also been submitted along with many telephone bids from around the world. The auction started on a very high note with the early lots attracting strong bidding and this was to set the tone for the whole auction.

The highlight of the afternoon was Wang Huaiqing’s ‘Flying Apsaras’ Triptych, which fetched 43, 760, 000 NT Dollars, 1, 338, 226 US Dollars including commission. A magnificent work of abstract expressionism, ‘Flying Apsaras’ is imbued with oriental religious awesomeness, with visualized figures of flying goddesses and heavenly beauties. ‘Ferry Boat’, a work by the most respected Taiwanese artist, Liao Chi-chun, brought in 24, 160, 000 NT Dollars, 738, 838 US Dollars including commission. One of his celebrated great paintings, ‘Ferry Boat’, is a lively and gorgeous representation of a traditional harbor scene in Taiwan, celebrated in soft and beautiful colors, changes of light, shadow, and wonderful tones.

Another highlight was Cai Guo Qiang’s ‘Art Shopping Network’ which was bought for 16, 520, 000 NT Dollars, 505, 199 US Dollars including commission. A collaborative work created with Tsai Kang-yung a famous Taiwan TV personality, the piece was made in Taiwan as an exploration of the commercialization of art. Famous for his ‘explosion art’, Cai blew up ‘Golden Yuan Bills’ which had been issued in 1948 by the Nationalist Government of China in an attempt to control inflation which miserably failed. These ‘blown up’ bills were then sold on a TV shopping network, treating art as a commodity. The work on offer today is the original three panels on which the bills were exploded along with a video of the ‘selling on TV’.

A work by the pioneer of Chinese abstract painting, the Chinese-French artist Zou Wou-ki realized 9, 204, 000 NT Dollars, 281, 468 Dollars including commission. The work, titled 28.4.75, is dominated by orange-yellows and golds, the earthy and sunny colors used by Zou in the 1970s as a refection of his search for warmth and tranquility as he dealt with the grief of losing his wife in 1972. ‘Effusion’ by Chu Teh-chun, another leader of Chinese abstract painting, and also a Chinese-French artist, fetched 6, 372, 000 NT Dollars, 194, 862 US Dollars including commission. A master of incorporating rays of light dancing among blocks of bright and brilliant reds, yellows and blues, Chu dazzles the viewer with multifaceted layers of space and color.

Some works easily beat their high estimates. In the contemporary Chinese section, ‘Portrait’ by Zeng Fanzhi, a study of an isolated and alone half-figure with his mask removed, brought in 4, 956, 000 NT Dollars, 151, 560 US Dollars including commission against a high-estimate of 3 million NT Dollars. ‘Golden Sunshine’, a wonderfully evocative study of a young Western Chinese girl in traditional garb bathed in sunlight realized 5, 428, 000 NT Dollars, 165, 994 US Dollars including commission against a high-estimate of 4.5 million NT Dollars.

Works by two of the great modern Chinese masters, Sanyu, and Lin Fengmian saw very heated bidding and strong prices. Lin Fengmian’s cubist influenced ‘Still Life with Flowers and Fish’ his most important still-life was bought for 3, 776, 000 NT Dollars, 115, 474 US Dollars including commission, a remarkable price, beating the high-estimate of 2.8 million NT Dollars. Sanyu’s dramatic watercolor, ‘Nude’ fetched 1, 770, 00 million NT Dollars, 54, 128 US Dollars including commission, a spectacular result against a high-estimate of 900, 000 NT Dollars.

Works by Taiwanese artists saw tremendous results showing the market remains strong for the individualistic and creative works by these unique artists. Three expressionist works by Michell Hwang all topped their high-estimates with ‘Woman with Cat’ doing particularly well. Two pieces by Tzu-chi Yeh also did very well. His ‘Taimali-Taitung’ a signature celebration of the luscious nature seen in the semi-tropical Taiwan sold for above its high estimate. An earlier atmospheric still life of a flower, ‘Monologue’ also easily passed its high-estimate.

Japanese and Korean artists maintained their popularity with strong bidding seen for many pieces. Mayuka Yamamoto’s soulful ‘Red Lamb’ was particularly appealing to families and beat its high-estimate. Three works by Yoshitaka Amano saw intense bidding with a wide interest from the Asian region. Two pieces by Ayako Rokkaku both beat their high-estimate and saw very competitive bidding. Two paintings and one sculpture by Korean artist, Kwon Ki Soo also attracted major bidding fetching high prices.

Results for Indonesian, Indian, Malaysian and Philippino artists suggest that art from South-East Asia is going to continue growing from strength to strength at auction. Works from this region saw active and intense bidding from buyers throughout the Asian region.

Ravenel Art, in its tenth anniversary year, has shown that with its strong reputation, professionalism, and stellar client base, that even in tough economic times, there is still a market for high quality art works.

Kennedy Wilson Auction Group, a division of the international real estate services and investment company Kennedy Wilson, announces the formation of its Commercial Auction Division. Clifford Smith, senior vice president of Kennedy Wilson’s Commercial Investment Group (KW Investments), has been appointed to lead the commercial auction division, according to Rhett Winchell, president of the Auction Group. “We’re excited about this newly formed division, and confident that we’ll be able to utilize our expertise to generate a significant volume of commercial real estate auction activity which will have a positive effect on the current real estate market,” said Winchell.

Kennedy Wilson Auction Group was recently retained by Pfizer Inc. to dispose of 6901 Portage Road, a 364,000± square foot facility located in Portage, Michigan. Subject to the terms of the offering, the proposed auction format offers the property for sale to the most qualified bidder regardless of price. The transaction was structured to sell this Pfizer surplus office building without a reserve price to maximize the largest group of interested investors, said Smith. Sealed bids will be received by Kennedy Wilson Auction Group by noon PDT on June 16, 2009 with the conclusion of the best and final bid by 5:00 pm PDT on Friday, June 19, 2009. The Commercial Auction Division has acquired and sold over $5 billion in assets throughout the United States and Japan.

Commercial investments and brokerage have long been a part of Kennedy Wilson’s business activity. KW Investments includes fund management and advisory services for value-added and core-portfolio investments, commercial and multifamily residential property acquisitions and note purchases. Kennedy Wilson specializes in developing and executing disposition strategies for real estate assets owned in portfolios or as single assets by institutions, corporations or individuals. Maximum asset value is achieved for clients by a thorough underwriting of the subject properties, utilization of proper marketing channels to ensure full exposure to prospective purchasers and, often, sealed-bid sales to promote competition among interested parties. Any interested party who would like further information should contact Clifford Smith at 310-887-3438.

Founded in 1977, Kennedy Wilson is a real estate services and investment firm headquartered in Beverly Hills, CA, with 20 offices throughout the U.S. and Japan. It seeks opportunities in partnership with clients in pursuit of above-market investor returns and higher real estate values. Kennedy Wilson Auction Group has been a leading force in the auction industry since 1977. Since inception, the Kennedy Wilson Auction Group has conducted thousands of successful auctions of residential and commercial properties throughout the United States, Europe and Asia. It conducts ballroom style, site-to-site, and on-line auctions for all types of real estate.

Vist www.kwiauctions.com, www.bidkw.com or www.kennedywilson.com for further information.

“Today’s art market demands, apart from high quality, the factors of rarity and market freshness,” thus Robert Ketterer, auctioneer and owner of Ketterer Kunst. And he adds: “I’m very glad, especially at our grand Welcome Auctions on 19/20 June 2009 in our new Munich House, to be in a position to provide an extremely choice offering of over 320 objects that meet those requirements.”

The Ernst Barlach bronze “Der Geistkämpfer” [“Spirit Fighter”] exemplifies this trend. According to the Ernst Barlach Lizenzverwaltung [licence administrators], this is probably one of only two casts made during the artist’s lifetime, in 1937. The astringent beauty of this work, which, according to www.artnet.de, has not been seen on the market for more than a quarter of a century, is bound to make an impact on bidders. Made as a solitary figure from the monument warning against war in St Nicholas’ in Kiel on a 1 : 4 scale, this bronze, which is nearly 120 cm high, occupies a special place in Barlach’s œuvre because of its history (estimate: € 150 000-250.000).

Pre-sale viewing (selected works):
27-29 May, Ketterer Kunst, Am Meßberg 1, Hamburg
30 May - 6 June, Ketterer Kunst, Fasanenstrasse 70, Berlin
7-8 June, F. G. Conzen GmbH, Völklinger Strasse 24, Düsseldorf
9-10 June, Kunsthandel Michael Draheim, Taunusstrasse 9, Wiesbaden
11-18 June (all works), Ketterer Kunst, Joseph-Wild-Strasse 18, Munich-Messe

Auction dates:
19 June – Old Masters and Art of the 19th Century, followed by Modern Art
20 June – special auction Bauhaus jointly with Quittenbaum, followed by Post War/Contemporary Art
at Ketterer Kunst, Joseph-Wild-Str. 18, Munich-Messe

kettererkunst.de

With less than a week left before auction, interest continues to rise for the highly anticipated auction of the world’s largest collection of real estate listing domain names. J. P. King Auction Company, the nation’s leading real estate auction marketing firm, will manage the sale of this once-in-an-internet-lifetime opportunity to own lucrative pieces of virtual real estate on June 11, 2009 in San Francisco at The Fairmont Hotel. Transfer services are provided by Moniker, one of the fastest growing providers of domain name registrations, domain asset management and monetization services.

Internet developer, Craig Harrison from RealEstateNet LLC, strategically began acquiring a collection of more than 2,600 domain names 10 years ago, which is now set to pay dividends for a savvy real estate investor at auction. Imagine a domain portfolio investment of over 2,600 domains containing 2,300 USA cities, with a population of 35,000 plus. The portfolio also includes 100% of Nielsen Media market cities such as Los Angeles, New York, Chicago, Seattle, Houston, Boston, etc.

“My belief is that the inevitable real estate recovery will start on the Internet. Keyword real estate search terms together with geo-locations will have more importance than brand names,” said Craig Harrison. “This vision was recently confirmed by Google AdWords, which indicated 545 million of the 1.2 billion searches over the past 12 months (1 out of 2) that contained the phrase ‘real estate’ also contained one of the geographic locations in our domain collection. This massive amount of search volume combined with the real estate market is going to provide some fortunate organization a significant opportunity to gain a ‘lion’s share’ of real estate search.”

The sales team is a collection of the most trusted names in their industries. The 94-year old and most successful real estate auction marketing firm, J. P. King Auction Company, is managing the auction of the sale. “Since our founding in 1915, we have been a part of many significant and historical transitions in real estate marketing,” said Craig King, president & CEO of J. P. King Auction Company. “This portfolio represents another milestone in our ability to change with the times, which we are very excited to be a part of in bringing this collection of online real estate domain names to market.” The cutting edge Internet company, Moniker, is acting as transfer agent. “It is extremely rare for such a preassembled platform of virtual real estate to become available,” said Monte Cahn, Founder & president of Moniker, one of the leading and most trusted domain registrars.

About the Portfolio

One out of two Google searches for “real estate” reflect one of our cities
Of the 2,600 domains, 2,350 are USA cities and states
95% are top level dot com domains
100% of Nielsen Media market cities
All 50 U.S. state level domains
145 World countries and major world city domains such as China
30 Canadian Provinces
17 Intercontinental domains
About the Owner

Craig Harrison is a 30 year real estate veteran dealmaker with over $600 million in land, water rights, and commercial real estate transactions closed. As an Internet pioneer, he holds seven Internet mapping and online real estate document management patents in connection with his successful ventures LandVoyage.com and PropertyArchive.com.

About J. P. King

J. P. King Auction Company, based in Gadsden, AL, is the nation’s leading real estate auction marketing firm specializing in high-value properties such as land, ranches, superluxury homes, condominiums, and developments. J. P. King has marketed upscale properties in 49 states and 6 countries. This sale is conducted through its Asset Division, which serves corporate clients, financial institutions and government entities in the disposition of strategic assets.

Auction Information

Individuals interested in more information about the upcoming sale may contact J. P. King Auction Company at (800) 558-5464 or visit the company’s web site at www.jpking.com/domainauction and www.worldrealestatelistings.com.

In its second year running, the Townhouse Gallery of Contemporary art is hosting an International contemporary art sale on Saturday 6th of June 2009. More than thirty renowned artists, many from Egypt, have donated work to support townhouse, a non-profit foundation. Their generosity is testament to the gallery’s ten-year history of promoting the arts in Egypt and its position as one of the leading independent spaces in the region.

Since its inception in 1998 , The Townhouse Gallery has established itself as one of the region’s leading independent spaces for the arts, providing an extensive programme of visual arts, film, theatre and music. The money raised from this benefit auction will go towards the gallery and its outreach program, consisting of creative workshops for adults and children ,particularly those with special needs and from underserved communities.

Works can be viewed online at www.thetownhousegallery.com and to place bids or find out more please contact fundraising@thetownhousegallery.com or call +2-010-555 0585.

The Townhouse Gallery of Contemporary Art
10 Nabrawy Street, Off Champollion Street
Downtown Cairo, Egypt

Ocean Tomo Auctions – part of Ocean Tomo, LLC, (www.OceanTomo.com) the leading Intellectual Capital Merchant Banc® firm – today announced it will offer for sale patents related to data storage and amplification. ProMOS two lots will be featured on July 23rd in Chicago at The Ocean Tomo Summer IP Markets 2009 Auction & Conference Presented by ICAP, (www.ICAP.com), the world’s premier interdealer broker.

The first lot, Data Storage, includes US Patent 5,430,680 “DRAM Having Self-Timed Burst Refresh Mode” and US Patent 6,741,488 “Multi-bank Memory Array Architecture Utilizing Topologically Non-Uniform Blocks of Sub-Arrays and Input/Output Assignments in an Integrated Circuit Memory Device”. The ‘680 patent addresses JEDEC standard Auto-Refresh and Self-Refresh cycles used by DDR2 and DDR3 commodity DRAMs. The ‘488 patent relates to volatile and non-volatile memory chips including most FLASH memories.

The second lot, Data Amplifiers, includes US Patent 6,160,743 “Self-Timed Data Amplifier and Method for an Integrated Circuit Memory Device”, US Patent 5,663,915 “Amplifier and Method for Sensing Having a Pre-bias or Coupling Step” and US Patent 6,128,236 “Current Sensing Differential Amplifier with High Rejection of Power Supply Variations and Method for an Integrated Circuit Memory Device”. These patents claim amplifier circuit design and methods required for high speed, low power integrated circuits. The ‘236 patent reads on memory chips and embedded memories using multiple internally generated power supply designs for optimized data buses.

The two groups of assets provided by ProMOS Technologies target a wide variety of products such as computers communication and consumer electronics devices. “These portfolios include patents that are essential to semiconductor memory manufactures and particularly to JEDEC standard,” said Dean Becker, Vice-Chairman of Ocean Tomo, “and should be extremely attractive for companies looking to enhance their semiconductor portfolios.” Potential buyers/licensees include designers, manufacturers, distributors, system integrators, importers and users of memories devices used in workstations, servers, routers for communication systems, set-top boxes, gaming platforms and portable electronic items (i.e. cell phones, PDA’s and personal audio storage/player systems).

The technology being sold has been cited as prior art in patents by numerous firms including Xerox Corporation (NYSE:XRX), Sony Corporation (NYSE:SNE), NEC Electronics (TYO:6723) and IBM (NYSE:IBM).

To submit IP for consideration by Ocean Tomo Auctions or for inquiries regarding these lots, contact 312.377.4851 or auctions@oceantomo.com.

About Ocean Tomo Auctions

Ocean Tomo Auctions has received global recognition as the leader in the live auctioning of intellectual property assets. Over the past three years since inception, Ocean Tomo has hosted nine Live IP Auctions across the US and Europe which have transacted millions, benefiting sellers such as sole inventors, small and mid-size companies, large corporations, investors, and others. Hundreds of key decision makers in the IP and financial communities attend and participate in the auction events, including C-level executives, IP and business professionals, investors, inventors and media professionals. Ocean Tomo Auctions has been featured on CNBC, Bloomberg TV, The Wall Street Journal, Barron’s, Red Herring, BusinessWeek, Reuters and more. The live auctions are held three times a year.

About ProMOS Technologies

Established in 1996, ProMOS Technologies is one of the world’s leading memory solution providers and renowned in the global DRAM industry for its outstanding performance in technology advancement and manufacturing efficiency. Moreover, ProMOS operates United Memories Inc. based in Colorado Springs, Colorado.

About Ocean Tomo, LLC

Established in 2003, Ocean Tomo, LLC (www.OceanTomo.com) is the leading Intellectual Capital Merchant Banc® firm. The company provides financial products and services related to Intellectual Property financial expert testimony, valuations, investments, risk management and transactions. Headquartered in Chicago, Ocean Tomo has offices in Greenwich, Palm Beach, Orange County and San Francisco. Subsidiaries of Ocean Tomo include: Ocean Tomo Auctions, LLC; Ocean Tomo Federal Services, LLC; Ocean Tomo Asset Management, LLC; and Ocean Tomo Capital, LLC – publisher of the Ocean Tomo 300® Patent Index (NYSE Euronext:OTPAT), the Ocean Tomo 300® Patent Growth Index (NYSE Euronext:OTPATG) and the Ocean Tomo 300® Patent Value Index (NYSE Euronext:OTPATV).

About The Ocean Tomo Summer IP Markets 2009 Auction & Conference Presented by ICAP

The Ocean Tomo Summer IP Markets 2009 Auction & Conference Presented by ICAP will be held in Chicago on July 22nd -23rd at The Drake Hotel. To review the CLE approved conference program and to register, visit www.IPMarkets2009.com.

About ICAP

ICAP is the world’s premier interdealer broker and provider of post trade services. The Group matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, foreign exchange, equities and equity derivatives through voice and electronic networks. ICAP has an average daily transaction volume in excess of $2.3 trillion, more than 40% of which is electronic. ICAP is also the source of global market information and research for professionals in the international financial markets. ICAP plc was added to the FTSE 100 Index on 30 June 2006. For more information go to www.icap.com

Cell Therapeutics, Inc. (the “Company” or “CTI”) today announced that it has amended and restated its “Modified Dutch Auction” tender offer to a fixed price tender offer for any and all of the approximately $118.9 million outstanding principal amount of five series of its convertible notes (the “Notes”). In addition, rather than a single offer for a combined aggregate principal amount of Notes, the Company is now offering to exchange, in separate concurrent offers as set forth below (each, an “Exchange Offer” and together, the “Exchange Offers”), shares of Common Stock and cash for any and all of its:

(i) $55,150,000 aggregate outstanding principal amount of 4% Convertible Senior Subordinated Notes due 2010; (ii) $23,000,000 aggregate outstanding principal amount of 5.75% Convertible Senior Notes due 2011; (iii) $7,000,000 aggregate outstanding principal amount of 6.75% Convertible Senior Notes due 2010; (iv) $33,458,000 aggregate outstanding principal amount of 7.5% Convertible Senior Notes due 2011; and (v) $335,000 aggregate outstanding principal amount of 9.0% Convertible Senior Notes due 2012.

Under the Exchange Offers, CTI is offering to exchange (i) $134.50 cash, and (ii) 458 shares of its Common Stock for each $1,000 principal amount of Notes validly tendered and not withdrawn in each Exchange Offer (the “Exchange Consideration”). The Exchange Consideration will be the same for each Exchange Offer. Accrued and unpaid interest to, but excluding, the settlement date on Notes validly tendered and not withdrawn in the Exchange Offers will be paid in cash.

As a result of the amendment and restatement, the Exchange Offers have been extended and will now expire at 5:00 p.m., New York City time, on Tuesday, June 16, 2009, unless the Exchange Offers are further extended. Tendered Notes may be withdrawn at any time on or prior to the expiration date of the Exchange Offers.

As of June 1, 2009, approximately $118.9 million aggregate principal amount of the Notes was outstanding. The Exchange Offers are conditioned upon the satisfaction of certain terms and conditions described in the Company’s Amended and Restated Offer to Exchange, dated June 2, 2009, the related Amended and Restated Letter of Transmittal, and other related offer materials (which collectively, as may be amended, restated, supplemented, or otherwise modified from time to time, constitute the “Exchange Offer Documents”), which have been or will be delivered to holders of the Notes.

CTI is conducting the Exchange Offers in order to reduce the principal amount of its outstanding indebtedness. CTI believes that reducing its outstanding indebtedness is necessary in order for its business to operate in light of its current asset base and revenue prospects.

The financial advisor for the Exchange Offers is Piper Jaffray & Co., the information agent for the Exchange Offers is Georgeson Inc. and the depositary for the Exchange Offers is U.S. Bank National Association.

About CTI, Inc.

Headquartered in Seattle, CTI is a biopharmaceutical company committed to developing an integrated portfolio of oncology products aimed at making cancer more treatable. For additional information, please visit www.CellTherapeutics.com.

A medical book (Physician’s Desk Reference) once owned by Elvis Presley fetched $8,600 while selling on eBay.

The book, claimed to contain notes written by Presley in 1976, was accompanied by another item which also related to Presley’s health at the time.