FOR FURTHER INFORMATION:

MEDIASENTIMENT REPORTS THE SENTIMENT MEASUREMENTS FOR APRIL 24 - MAY 5, 2006

41% of the Reported Symbols Indicated a Positive Sentiment While 40% Indicated a Negative Sentiment

California News Tech (OTCBB: CNTE), a leading technology company, today announced the results for the sentiment measurements of the last week of April and the first week of May. From a total of 282 companies reporting earnings between April 24, 2006 and May 5, 2006, MediaSentiment's analysis provided a positive sentiment for 41% and a negative sentiment for 40%.

A correlation was established between the closing price of the MediaSentiment HeadsUp™ analyzed stock on the trading day before the earnings announcement and the relevant price, the high or the low, of the stock symbol on the trading day following the announcement. Approximately 81% of the analyzed stocks moved up or down according to the thumbs up/thumbs down recommendation from MediaSentiment HeadsUp™.

Furthermore, nearly 31%, out of the full set of 282 stocks analyzed, moved more than 5% of their price value in the direction of the sentiment indicated by HeadsUp. Over 11% of the 282 stocks moved more than 10% in the direction of the sentiment. 50% of the positive Big Movers trade on Nasdaq, 31% trade on NYSE, and 19% trade on AMEX. 69% of the negative Big Movers trade on Nasdaq, 19% trade on NYSE, and 12% trade on AMEX. During the same period the Nasdaq Composite Index realized a 0.1% return, NYSE Composite Index realized a 2% return, and the AMEX realized a 0.5% return.

Stocks Indicating Stronger Sentiment Through a Positive Move of 10% or More:

Consumer Goods (Positive Symbols: 2)
Under Armour, Inc. (Nasdaq NM: UARM) a 23.82% on April 26, 2006
Whole Foods Market, Inc. (Nasdaq NM: WFMI), a 13.61% move on May 3, 2006
Technology (Positive Symbols: 3)
Agere Systems, Inc. (NYSE: AGR), a 14.01% move on April 25, 2006
Cognizant Technology Solutions (Nasdaq NM: CTSH), a 14.10% on May 3, 2006
InterDigital Communications, Corp. (Nasdaq NM: IDCC), a 10.74% move on May 4, 2006
Financial Services (Positive Symbols: 1)
GFI Group, Inc. (Nasdaq NM: GFIG), a 12.32% move on May 4, 2006
Industrials (Positive Symbols: 4)
ScanSource, Inc. (Nasdaq NM: SCSC), an 11.12% move on April 27, 2006
Metalico, Inc, (AMEX: MEA), a 33.48% move on May 2, 2006
Symbol Technologies, Inc. (NYSE: SBL), a 16.82% move on May 2, 2006
McDermott International. Inc. (NYSE: MDR), an 11.43% move on May 3, 2006
Health Care (Positive Symbols: 4)
Millipore, Corp. (NYSE: MIL), a 10.96% move on April 25, 2006
Merit Medical Systems, Inc. (Nasdaq NM: MMSI), a 13. 50% move on April 27, 2006
Radiologix, Inc. (AMEX: RGX), a 21.89% move on May 4. 2006
ICOS Corp. (Nasdaq NM: ICOS), a 11.16% move on May 4, 2006
Consumer Services (Positive Symbols: 1)
Group 1 Automotive, Inc. (NYSE: GPI), a 12.21% move on May 2, 2006
Oil & Gas (Positive Symbols: 1)
Allis Chalmers Energy, Inc. (AMEX: ALY), an 11.66% move on May 2, 2006

Stocks Indicating Stronger Sentiment Through a Negative Move of 10% or More:

Consumer Goods (Negative Symbols: 6)
The Cheesecake Factory, Inc (Nasdaq NM: CAKE), a -10.50% move on April 25, 2006
IParty, Corp. (AMEX: IPT), a -15.56% move on May 1, 2006
Cavalier Homes, Inc. (AMEX: CAV), a -14.29% move on May 2, 2006
Electronic Arts, Inc. (Nasdaq NM: ERTS), a -13.50% move on May 3, 2006
Imperial Sugar, Co. (Nasdaq NM: IPSU), a -17.06% move on May 4, 2006
Leap Frog Enterprises, Inc. (NYSE: LF), a -11.17% move on May 4, 2006
Technology (Negative Symbols: 4)
EMCORE, Corp. (Nasdaq NM: EMKR), a -10.44% move on May 4, 2006
Silicon Storage Technology, Inc. (Nasdaq NM: SSTI), a -10.49% move on April 27, 2006
Cogent, Inc. (Nasdaq NM: COGT), a -11.75% move on April 27, 2006
BSquare. Corp. (Nasdaq NM: BSQR), a -17.48% move on May 4, 2006
Financial Services (Negative Symbols: 1)
American Financial Realty Trust (NYSE: AFR), a -11.38% mover on May, 2, 2006
Industrials (Negative Symbols: 1)
Ashland Inc. (NYSE: ASH), a -12.00% move on April 26, 2006
Health Care (Negative Symbols: 4)
Natus Medical, Inc. (Nasdaq NM: BABY), a -20.98% move on May 2, 2006
NPS Pharmaceuticals, Inc. (Nasdaq NM: NPSP), a -39.46% move on May 2, 2006
ATS Medical, Inc. (Nasdaq NM: ATSI), a -11.86% move on May, 4, 2006
Critical Therapeutics, Inc. (Nasdaq NM: CRTX), a -16.87% move on May, 4, 2006

If you would like to be added to California News Tech's investor email list please contact Zack Noory with Nexus Investor Relations at znoory@nexusir.com.

About California News Tech

    California News Tech's MediaSentiment™ offers a range of services, available at www.mediasentiment.com, which focus on helping online investors make faster and better investment decisions. Serving traders who are interested in fast, reliable investment tools, MediaSentiment™ offers timely and accurate information to help take advantage of market opportunities. MediaSentiment™ consists of a number of indices that measure NYSE and Nasdaq companies' earnings reports and news media coverage as positive, negative or neutral. In particular, MediaSentiment Heads Up™ creates thumbs up / thumbs down recommendations for stocks almost instantly based on the sentiment behind their earnings reports. MediaSentiment's exclusive technology provides users with up-to-the-minute information, vital to investing, and provides a significant edge on other investors on predicting market movements. The speed and comprehensiveness of MediaSentiment Heads Up™ recommendations often best leading financial news sources, giving MediaSentiment™ subscribers a competitive edge up on other traders and allowing them more profitable trading opportunities.