Red Chip Announces SpaceDev Managing Director Television Interview Available Online

ORLANDO, Fla., Nov. 13, 2007 (PRIME NEWSWIRE) -- RedChip Companies Inc. today announced that Scott Tibbitts, Managing Director of SpaceDev, Inc. (OTCBB:SPDV), a developer of space technology systems and products facilitating space exploration, was interviewed on RedChip TV, a business oriented television interview program. The interview highlighted the company's expertise as a developer of new technologies in small satellites, deployable structures, hybrid propulsion systems and advanced space vehicles. The full interview is available at: http://tinyurl.com/yv6pz8

The interview was conducted Nov. 3, 2007, in conjunction with the company's presentation at RedChip's Small-Cap Investor Conference in Orlando, Fla. SpaceDev's entire presentation to the analysts and brokers and individual investors at the conference -- including PowerPoint slides -- can be viewed by clicking on the following link: http://tinyurl.com/25k4m4

About SpaceDev, Inc.
SpaceDev, Inc. is a space technology/aerospace company that creates and sells affordable and innovative space products and mission solutions that enable space exploration. The company's products range from spacecraft actuators that power the Mars rovers, to hybrid rocket technologies that powered the first commercial astronaut to space, and from microsatellites controlled by the Internet to Dream Chaser(tm), a winged and piloted orbital commercial spacecraft. For more information, visit www.spacedev.com and www.starsys.com.

About RedChip Companies, Inc.
RedChip Companies is an international small-cap research and financial public relations firm with offices in Beijing and Orlando and affiliates in New York and San Diego. RedChip delivers measurable results for its clients through its extensive international market expertise as well as its comprehensive platform of products: RedChip Research(tm), Traditional Investor Relations, Digital Investor Relations, Institutional and Retail Conferences held throughout the United States, and RedChip Radio(tm). To learn more about RedChip's products and services please visit: http://www.redchip.com/visibility/services.asp.
"Discovering Tomorrow's Blue Chips Today"(tm)

DISCLOSURE
Any opinions expressed herein are subject to change. SpaceDev is a client of the RedChip Companies, Inc. and has contracted the RedChip Companies to increase investor awareness of SPDV to the small-cap equity community. These services may include investor conferences and digital print distribution of SPVD investor related materials. In the purview of Section 17(b) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention to the fact that RedChip Companies, Inc. is an investor relations firm hired by the Company. SPDV paid RedChip Visibility $30,000 for the RedChip Visibility Research Program.

CONTACT:

RedChip Companies
Jon Cunningham
(800) RED-CHIP (733-2447) ext. 107
jon@RedChip.com
info@redchip.com
www.RedChip.com

SpaceDev Investor Relations
Investor Contact:
Richard Slansky
Jessica Gerstenkorn
Media Contact:
Mark Sirangelo
(858) 375-2026