Class Action On Behalf of SPACEDEV, Inc (OTC:SPDV) Investors Against SpaceDev, Inc. Filed

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) December 13, 2008 -- A shareholder has filed a securities class action lawsuit against SpaceDev, Inc. (OTC: SPDV) on behalf of public common shareholders of SpaceDev, Inc. (OTC: SPDV).

If you are a current investor in common shares of SpaceDev, Inc. (OTC: SPDV) you have certain options and there are strict and short deadlines running. (January 26, 2009). You should contact the Shareholders Foundation, Inc. immediately!

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

According to the complaint the plaintiff alleges that individual defendants have attempted to solicit shareholder proxies in support of SpaceDev, Inc’ proposed sale to Sierra Nevada Corp. and SDV Acquisition Corp. with the issuance of a definitive proxy statement on November 21, 2008 that contains omissions of material fact concerning, inter alia, the process resulting in the Proposed Acquisition, including the alternative transactions that the Board considered; the negotiation of the terms of the Proposed Acquisition, including the deal protection devices at issue; and the analyses that the Company’s financial advisor, Cowen and Company, LLC, rendered in connection with the Proposed Transaction.

If you are a current investor in common shares of SpaceDev, Inc. (OTC: SPDV) you have certain options and there are strict and short deadlines running. (January 26, 2009). You should contact the Shareholders Foundation, Inc. immediately!

Email: Mail@ShareholdersFoundation.com

or Call us TODAY!

Phone: +1-(858)-779-1554

or send us your information by mail /facsimile:


Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423 -
92108 San Diego
Tel:+1-(858)-779-1554

Fax:+1-(858)-605-5739
Mail@ShareholdersFoundation.com
www.ShareholdersFoundation.com
____________________________________________________________________________

Advertising. At Shareholders Foundation, Inc. we are in contact with a large number of shareholders. We believe that together we can combine the interests of many investors, and use the size of our interest as leverage against the giant corporations. We offer help, support, and assistance for every shareholder. . The Shareholders Foundation, Inc. is not a law firm. Any statements made in press releases, emails or over the phone by any member or personnel employed by Shareholders Foundation, Inc. or by third parties related to the Shareholders Foundation, Inc. is provided for research and guidance purposes only and are not legal advices, as we can not give you legal advice. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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