Transparent Networks to Liquidate

MILPITAS, Calif. -- Facing an unrelenting Telcom Market nuclear winter and insufficient funds to weather the storm, Transparent Networks'(TNI) Board of Directors and shareholders have elected to cease operations and liquidate the company. TNI accomplished valuable optical component and subsystem technology invention breakthroughs by putting together a great team of technologists with commercialization scars and market savvy business executives. TNI intellectual property includes revolutionary ideas, concepts and implementation methods applicable to many types of optical signal processing and MEMS based products. Gerbsman Partners (www.gerbsmanpartners.com) has been retained by Transparent Networks, Inc. (TNI, www.transparentnetworks.com) to solicit interest for the acquisition of the company, or a significant portion thereof or its comprehensive patent pending technologies. These include a high performance large scale Photonic cross-connect functional prototype, an agile Wavelength Selective Switch and a Light Path Exchange with integrated DWDM validated detailed designs, an HDTV display mirror high level design and simulation, proprietary and unique MOEMS design and validation engineering tools, four granted and 18 filed patents, and other associated Intellectual Property necessary for its development and associated Intellectual Capital. Gerbsman Partners will request that interested and qualified parties sign an NDA agreement. Interested and qualified parties will have access to key members of management and intellectual capital team, have access on an appointment basis to the due diligence "war room" and will be invited to participate in an auction process for the acquisition of the company, intellectual property and/or other associated assets. Terms of potential acquisition will be on an "as is, where is" basis with no representations or warranties by the company. Interested and qualified potential bidders will be required to present a cashiers check for a minimum amount to be determined, to participate in the auction process. Transparent Networks Inc.