Terocelo Provides Strategic Alliance Update

VAN NUYS, Calif., Jan. 8, 2008 (PRIME NEWSWIRE) -- Terocelo, Inc. previously
announced it had entered into a Memorandum of Understanding for the creation of
a strategic alliance based on its Lycon(tm) chip and proprietary True Software
Radio(r) (TSR) with a multibillion dollar Asian Technology fund. This
transaction has not yet closed, but critical hurdles have been cleared and the
Company is to meet with the fund's executives next week in what is believed to
be a final step toward consummation of the definitive agreement. The definitive
agreement will then be submitted for Board of Director and shareholder approval.

Under the terms of the agreement, the fund will pay thirty million dollars
($30,000,000) and continuing royalties to Terocelo in exchange for certain
exclusive license rights to the Company's TSR technology. In addition, the fund
will provide twenty million dollars ($20,000,000) to establish and fund an
independent corporate entity, in which Terocelo will have an equity interest, to
initiate Asian operations to develop applications and promote the sales of
products containing the TSR technology. These funds will cover on-going costs
for foundry services, design center operations, application staging, as well as
marketing and sales efforts.

The ability to access these additional financial and human resources should
allow the Company to secure pending product development contracts with industry
leading corporations that are interested in incorporating TSR technology into
their product lines. Most importantly, it will provide a solid financial base
for the extended future of Terocelo.

Prior to the completion of the Definitive Agreement, the Chinese business group
is in the process of delivering a series of bridge financing instruments, which
it is anticipated will provide sufficient working capital to stabilize the
Company's operations and allow its engineering efforts to continue to develop
the products for market.

About Terocelo Inc.

TechnoConcepts Inc. (OTCBB:TCPS) (Frankfurt:UYE) does business as Terocelo Inc.
Terocelo is in the business of designing, developing, licensing and marketing
technology focused in the communications marketplace. Terocelo is positioned in
the high-growth, wireless communication market having developed breakthrough,
disruptive technologies. These technologies can be integrated into many
high-volume commercial markets, including cell phone, automotive, base station,
Femto/Pico Cell, and First Responder markets.

The Company has developed and patented True Software Radio(r), a proprietary
technology that creates convergence for the wireless industry. True Software
Radio(r) has produced the Lycon(tm) family of wireless transmitter-receiver
chipsets, designed to enable cell phones, PDAs, laptops, and infrastructure with
different radio frequencies, standards, and protocols to adjust by software
command so that they can communicate across otherwise incompatible networks,
without the need for multiple radios. Lycon(tm) chipsets replace the front end,
I/F processing, ADC, and digital filtering sections of radios. Because the
technology simplifies design and reduces component costs, the company believes
that Lycon(tm) and True Software Radio(r) are ideal platforms for Original
Equipment Manufacturers (OEMs) and Original Design Manufacturers (ODMs) to
develop new wireless broadband, mobile data, cellular, and other next-generation
wireless applications.

More information is available at www.terocelo.com.

About Jinshilin Techno Ltd.

Jinshilin Techno Ltd. is TechnoConcepts' subsidiary based in Shanghai, China,
providing marketing support for True Software Radio(r) technology in China.
Jinshilin also designs and sells products for Internet Television (IPTV), Stream
Media Protocol Processing, and Broadcasting Software for IPTV-Set-Top Boxes.
Jinshilin expects future generation set-top boxes will support multi-protocol
wireless connectivity with television, DVD players and other multi-media
appliances, by integrating TechnoConcepts' True Software Radio(r) technology.

Safe Harbor Statement under the Private Litigation Reform Act of 1995

Forward-looking statements in this release do not constitute guarantees of
future performance. Such forward-looking statements are subject to risks and
uncertainties that could cause actual results to differ materially from those
anticipated. In particular, there is no assurance that the above transactions
will be consummated or, if consummated, will be on these terms. In addition,
such statements may relate, among other things, to expected financial and
operating results, the expected acceptance of the company's products, the
usefulness and benefits of the company's products generally and the acceptance
of the company's technological solutions and its ability to achieve its goals,
plans and objectives. The risks and uncertainties that may affect
forward-looking statements include among others: difficulties providing
solutions that meet the needs of customers, difficulty in developing new
products, difficulty in relationships with vendors and partners, difficulty in
introducing products in the marketplace and gaining acceptance of the same,
difficulty gaining necessary governmental approvals, difficulty facing the
intense competition present in the wireless communications industry, the
company's limited operating history, its inexperience in operating
internationally and difficulty managing rapid growth. For a more detailed
discussion of the risks and uncertainties of TechnoConcepts' business, please
refer to the company's Annual Report on Form 10-KSB for the fiscal year ended
September 30, 2006, filed with the Securities and Exchange Commission, and as
subsequently amended, and subsequent quarterly filings. The company assumes no
obligation to update any forward-looking statement contained in this press
release or with respect to the announcements described herein.

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CONTACT: Wolfe Axelrod Weinberger Associates, LLC
Investors:
Donald C. Weinberger, Managing Member
212-370-4500
don@wolfeaxelrod.com