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SpaceDev Announces First Quarter 2005 Earnings Release and Conference Call

RocketsAway!Media alerts those interested in commercial spacecraft about an important conference call with SpaceDev for those seriously interested in the emerging industry of private space craft.

Poway, CA (May 03, 2005) - Those with a serious interest in the emerging industry of commercial spacecraft should check out the following official press release by SpaceDev. More background on this fascinating company can be found by going to http://www.rocketsaway.net and clicking on Issue #4.

SpaceDev (OTCBB: SPDV) will host its first quarter 2005 earnings call on Tuesday, May 17 at 11:00 a.m. EST. The Company expects to file its first quarter Form 10-QSB with the Securities and Exchange Commission at market close on Monday, May 16, 2005 and issue a related press release on its financial results on Tuesday, May 17, 2005 before the markets open.

SpaceDev invites all those interested in hearing management's discussion to join the call by dialing 877-407-9205. International participants may access the call by dialing 201-689-8054. Participants may also access a live webcast of the conference call through the investor relations section of SpaceDev's web site, www.spacedev.com. The replay will be available for 90 days.

This news release may contain forward-looking statements. Forward-looking statements are based on the Company's current expectations. Actual results may differ materially from current expectations. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release and to read it in conjunction with the Company's annual report on Form 10-KSB, including the consolidated financial statements filed therewith.

About SpaceDev
SpaceDev (OTCBB: SPDV) creates and sells affordable and innovative space products and solutions to government and commercial enterprises. SpaceDev's innovations include the design, manufacture, marketing and operation of sophisticated micro- and nano-satellites, hybrid rocket-based orbital Maneuvering and orbital Transfer Vehicles (MoTVs) as well as sub-orbital and orbital hybrid rocket-based propulsion systems for safe human space flight. Upon founding SpaceDev in 1997, Jim Benson started the trend of successful computer entrepreneurs moving into the space development arena. For more information, visit www.spacedev.com.

For more information about the contents of these articles, contact:
The Investor Relations Group
Investor Contact:
Kathryn McNeil/John Nesbett/Dian Griesel
Media Contact:
Mike Graff/Stephanie Schroeder
(212) 825-3210

This news releases may contain forward-looking statements concerning the Company's business and future prospects and other similar statements that do not concern matters of historical fact. Forward-looking statements are based on the Company's current expectations. The Company's current expectations are subject to all of the uncertainties and risks customarily associated with developing business ventures outlined in the Company's periodic reports filed with the U.S. Securities & Exchange Commission. Readers are cautioned not to put undue reliance on forward-looking statements contained in this release and to read it in conjunction with the Company's annual report on Form 10-KSB, including the consolidated financial statements filed therewith. The Company disclaims any intent or obligation to update publicly these forward-looking statements, whether as a result of new information, future events or for any other reason.

The above is derived from official SpaceDev announcements and press releases.

For more information on SpaceDev, go to www.rocketsaway.net and click on Issue #4.

This issue includes a special print interview with Jim Benson, CEO and Founder of SpaceDev, the world’s first publicly-traded exclusively space technology company; an interview with SpaceDev President and C.F.O., Richard Slansky and Vice President of Engineering, Frank Macklin.

It also features SpaceDev’s unique Space Technology Roadmap; the development of commercial space stations by private sector companies; the mining of asteroids and the importance of finding a source of water in space. Will there soon be private launches to the moon? How did SpaceDev develop the hybrid rocket propulsion system for SpaceShipOne?

Rockets Away! is an media/public relations platform for new, emerging and established commercial space companies. Rockets Away is going into its sixth issue as an eZine and will soon announce Phase I of a website devoted to commercial spacecraft. Audio interviews are available to its subscribers right now.

To get a free subscription to Rockets Away! - just click on http://www.rocketsaway.net. For more information on SpaceDev, go directly to http://www.spacedev.com.

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Source :  http://www.prweb.com/releases/2005/5/prweb240559.htm