Press Releases

SHELTON, Conn.--(BUSINESS WIRE)-- TranSwitch Corporation (NASDAQ: TXCC), a leading provider of semiconductor solutions for the converging voice, data and video network, today announced that it has filed a prospectus supplement to sell up to an aggregate of $10,000,000 of its common stock (Shares) through an “at-the-market” (ATM) offering. If utilized, the Shares would be offered through MLV & Co. LLC (MLV) as sales agent. MLV, at TranSwitch’s discretion and instruction, will use its commercially reasonable efforts to sell the Shares at market prices from time to time, including sales made directly on The NASDAQ Capital Market. TranSwitch currently intends to use the proceeds from any sales related to the ATM offering for product development, working capital and other general corporate purposes. TranSwitch’s agreement with MLV automatically terminates upon the earlier to occur of the three-year anniversary of the date hereof, or the issuance and sale of all of the Shares (unless earlier terminated pursuant to the terms thereof).

Sales in the ATM offering, if any, would be made pursuant to the prospectus supplement dated February 10, 2012, which supplements the prospectus dated October 21, 2009, filed as part of the effective shelf registration statement that TranSwitch filed with the Securities and Exchange Commission (SEC) on October 21, 2009.

For more complete information about TranSwitch and the ATM offering, you are encouraged to read the prospectus, the prospectus supplement and other documents TranSwitch has filed with the SEC. You may obtain these documents on the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor may there be any sale of TranSwitch’s common stock in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities law of any state or jurisdiction.

About TranSwitch Corporation

TranSwitch Corporation (NASDAQ: TXCC) designs, develops and supplies innovative semiconductor and intellectual property (IP) solutions that provide core functionality for voice, data and video communications equipment for network, enterprise and customer premises applications. Founded in 1988, TranSwitch is headquartered in Shelton,CT. The Company provides integrated multi-core network processor System-on-a-Chip (SoC) solutions and software solutions for fixed, 3G and 4G Mobile, VoIP and Multimedia Infrastructures. For the customer premises market the Company offers a family of communications processors that provide best-in-class performance for a range of applications and also provide interoperable connectivity solutions that enable the reliable distribution and presentation of high-definition (HD) content for consumer electronics and personal computer markets. Our intellectual property (IP) products are compliant with global industry standards such as HDMI and DisplayPort and also feature our proprietary HDP™ and AnyCable™ technologies. For more information, please visit www.transwitch.com.

Forward-Looking Statements

Forward-looking statements in this release, including statements regarding management's expectations for future financial results and the markets for TranSwitch's products, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that these forward-looking statements regarding TranSwitch, its operations and its financial results, involve risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements, including without limitation the risks associated with downturns in economic conditions generally and in the telecommunications and data communications markets and the semiconductor industry specifically; risks in product development and market acceptance of and demand for TranSwitch’s products and products developed by TranSwitch’s customers; risks associated with foreign sales and high customer concentration; risks associated with competition and competitive pricing pressures; risks in technology development and commercialization; risks of failing to attract and retain key managerial and technical personnel; risks relating to TranSwitch’s available cash; risks associated with acquiring new businesses; risks of dependence on third-party VLSI fabrication facilities; risks related to intellectual property rights and litigation; and other risks detailed in TranSwitch's filings with the Securities and Exchange Commission.

TranSwitch expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in expectations or any change in events, conditions or circumstances on which any such statement is based.

TranSwitch is a registered trademark of TranSwitch Corporation.

TranSwitch CorporationRobert A. Bosi, 203-929-8810 ext. 2465Vice President and Chief Financial OfficerorMary Lombardo, 203-929-8810 ext. 2254Investor Relations

Source: TranSwitch Corporation

VANCOUVER, BRITISH COLUMBIA -- (MARKET WIRE) -- 02/10/12 -- VMS Ventures Inc. (TSX VENTURE: VMS) ("VMS" or "the Company") is pleased to announce that all resolutions placed before shareholders at its Annual General Meeting held today (the "AGM") were passed. In particular, the following were elected as directors of the Company to hold office for the ensuing year:

         Richard Mark
         John Roozendaal
         Cheryl Messier
         Evan Sleeman
         Dr. Mark Fedikow
         Jay Dea Butterworth
         Donald Whalen

The Company also wishes to announce that it received shareholder approval at the AGM to a shareholder rights plan, as adopted by the Company on December 12, 2011 (the "2011 Rights Plan"). The 2011 Rights Plan supersedes and replaces the Company's prior shareholder rights plan which expired as of the AGM.

The 2011 Rights Plan is intended to provide for the fair treatment of shareholders in connection with any take-over bid for the Company. It is designed to provide sufficient time for the board of the Company and its shareholders to consider any unsolicited take-over bid without undue pressure and to give the Company's board time to consider alternatives to maximize shareholder value.

Pursuant to the 2011 Rights Plan, each holder of record of the shares of the Company on the close of business on February 10, 2012, and the holders of any shares issued thereafter, will be issued one right per common share. These rights will trade with the common shares and be represented by the certificates representing the common shares.

The 2011 Rights Plan will remain in effect until the close of business on the day following the Company's Annual General Meeting in 2014.

A copy of the 2011 Rights Plan is available for viewing at www.sedar.com.

The 2011 Rights Plan is similar to shareholder rights plans adopted by numerous other Canadian public corporations. The Company is not aware of any current, pending or threatened take-over bid for the Company.

About VMS Ventures Inc.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.

VMS Ventures owns approximately 45% of North American Nickel Inc. (TSX VENTURE: NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, President

VMS Ventures Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
VMS Ventures Inc.
John Roozendaal
President
604-986-2020 or Toll Free: 1-866-816-0118

VMS Ventures Inc.
Evan Sleeman
Director
604-986-2020 or Toll Free: 1-866-816-0118
www.vmsventures.com

Source: VMS Ventures Inc.

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 10, 2012) - VMS Ventures Inc. (TSX VENTURE:VMS) ("VMS" or "the Company") is pleased to announce that all resolutions placed before shareholders at its Annual General Meeting held today (the "AGM") were passed. In particular, the following were elected as directors of the Company to hold office for the ensuing year:

         Richard Mark
         John Roozendaal
         Cheryl Messier
         Evan Sleeman
         Dr. Mark Fedikow
         Jay Dea Butterworth
         Donald Whalen

The Company also wishes to announce that it received shareholder approval at the AGM to a shareholder rights plan, as adopted by the Company on December 12, 2011 (the "2011 Rights Plan"). The 2011 Rights Plan supersedes and replaces the Company's prior shareholder rights plan which expired as of the AGM.

The 2011 Rights Plan is intended to provide for the fair treatment of shareholders in connection with any take-over bid for the Company. It is designed to provide sufficient time for the board of the Company and its shareholders to consider any unsolicited take-over bid without undue pressure and to give the Company's board time to consider alternatives to maximize shareholder value.

Pursuant to the 2011 Rights Plan, each holder of record of the shares of the Company on the close of business on February 10, 2012, and the holders of any shares issued thereafter, will be issued one right per common share. These rights will trade with the common shares and be represented by the certificates representing the common shares.

The 2011 Rights Plan will remain in effect until the close of business on the day following the Company's Annual General Meeting in 2014.

A copy of the 2011 Rights Plan is available for viewing at www.sedar.com.

The 2011 Rights Plan is similar to shareholder rights plans adopted by numerous other Canadian public corporations. The Company is not aware of any current, pending or threatened take-over bid for the Company.

About VMS Ventures Inc.

VMS Ventures Inc. is focused primarily on acquiring, exploring and developing copper-zinc-gold-silver massive sulphide deposits in the Flin Flon-Snow Lake VMS Belt of Manitoba. The Company's VMS project property portfolio consists of the Reed Copper Project, McClarty Lake Project, Sails Lake Project, Puella Bay Project and Morton Lake Project. Outside of the Snow Lake camp, the Company holds massive sulphide prospective properties near the past producing Fox Lake and Ruttan copper-zinc mines, near the communities of Lynn Lake and Leaf Rapids in northern Manitoba. These properties are located in the mining friendly province of Manitoba, Canada. The Company also has optioned three properties in the Sudbury mining camp. They are Terra Incognita, Golden Pine and Black Creek.

VMS Ventures owns approximately 45% of North American Nickel Inc. (TSX VENTURE:NAN). For more information on North American Nickel Inc., please visit www.northamericannickel.com.

ON BEHALF OF THE BOARD OF DIRECTORS

John Roozendaal, President

VMS Ventures Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FOR FURTHER INFORMATION PLEASE CONTACT:
        VMS Ventures Inc.
        John Roozendaal
        President
        604-986-2020 or Toll Free: 1-866-816-0118

        VMS Ventures Inc.
        Evan Sleeman
        Director
        604-986-2020 or Toll Free: 1-866-816-0118
        www.vmsventures.com

Source: VMS Ventures Inc.

SEOUL, KOREA -- (MARKET WIRE) -- 02/10/12 -- On February 10, 2012, Korea Electric Power Corporation ("KEPCO") acquired from treasury 14,586,182 common shares ("Common Shares") of Strathmore Minerals Corp. ("Strathmore") at a price of $0.55 per Common Share for total consideration of $8,022,400.10 pursuant to a share subscription agreement and certain ancillary agreements between KEPCO and Strathmore dated February 1, 2012 (collectively, the "Agreements"). As a result of this acquisition, KEPCO owns and exercises control and direction over approximately 13.97% of the issued and outstanding Common Shares. KEPCO has relied on Section 2.3 of National Instrument 45-106 - Prospectus and Registration Exemptions as they meet the definition of an 'accredited investor' under securities legislation.

One of the Agreements contains an off-take provision, whereby KEPCO has the right to purchase a portion of any future annual uranium production from Strathmore's properties, subject to pre-existing arrangements. Future off-take uranium purchases shall be determined by KEPCO's equity ownership in Strathmore.

KEPCO acquired the Common Shares for investment purposes. KEPCO may in the future increase or decrease its holdings in Strathmore depending on market conditions and the business and prospects of Strathmore. KEPCO will be filing a report under National Instrument 62-103 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues.

Contacts:
Korea Electric Power Corporation
Joong-Kyum Kim
President & CEO
82-2-3456-7031
82-2-3456-7099 (FAX)

Source: Korea Electric Power Corporation