Telegen Shareholders Approve Five Board Nominees SAN MATEO, Calif., May 8 /PRNewswire-FirstCall/ -- Telegen Corporation (Pink Sheets: TEGN) Board of Director Nominees today announced that Telegen shareholders have voted in favor of adding five (5) new members to the Board of Directors. Two (2) of the Nominees, T. Ronald Davis and Victor J. Meiusi, have declined the nomination for personal reasons. The remaining three (3) Nominees will schedule a meeting of all Board members in the near future. About Telegen Telegen Corporation is a high technology company headquartered in San Mateo, California. Telegen Corporation's subsidiaries include Telegen Display Corporation and Telisar Corporation. Telegen and its subsidiaries invent, develop, and commercialize innovative technology products in the wireless, communications, cable and broadcast, and flat panel display markets. Telegen's patented HGED(TM) technology is designed to bring clarity, brightness, and cost-effectiveness to flat panel displays. Telegen's wireless business unit is developing its InterTenna(TM) line of integrated antennas for the wireless industry. Telisar Corporation makes digital television products for today's cable and TV broadcast industry. Telegen's stock is quoted on the Pink Sheets under the symbol TEGN. Forward-looking statements contained in this press release are made under "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and involve a number of risks and uncertainties that could materially affect future results. The words "forecast," "estimate," "project," "intend," "expect," "should," "believe," "plan," "scheduled" and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve and are subject to known and unknown risks, uncertainties and other factors which could cause the Company's actual results, performance [financial or operating] or achievements to differ from the future results, performance [financial or operating] or achievements expressed or implied by such forward-looking statements. Additional discussion of these and other factors affecting the Company's business and prospects is contained in the Company's periodic filings with the Securities and Exchange Commission. DATASOURCE: Telegen Corporation CONTACT: Richard G. Sellers of Telegen Corporation, +1-425-246-2722 Web site: http://www.telegen.com/

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