Message #2 From:
Stock News Bot Date: August 17, 2006 05:30:00 AM
MTNA News Material Technologies, Inc. Announces That Finance-Markets.com Has Initiated Coverage
CALGARY, Alberta--(BUSINESS WIRE)--Aug. 17, 2006--Material Technologies, Inc. (OTCBB:MTNA) announced today that Finance-Markets.com has initiated coverage on the company. The report follows:
MATECH (www.matechcorp.com) has developed proven, patented metal
fatigue detection technology that will locate and monitor growing
cracks in metal structures and equipment, with industry-leading
accuracy. Federal and state transportation agencies are searching for
solutions to accurately detect metal fatigue in order to ensure
safety, reduce maintenance costs and prioritize repairs of critical
metal structures including bridges and railroads.
As of Monday, August 7, 2006, MATECH closed at 0.089$ and is expected
to strengthen after last week's International Conference on Fatigue
and Fracture. The conference was designed to bring together the
world's experts in the mechanics, detection, and remediation of metal
fatigue damage to bridges and other transportation structures. MATECH
presented technical discussions on the benefits of using its patented
Electrochemical Fatigue Sensor(TM) (EFS) to detect and monitor
microscopic growing cracks in bridge infrastructure.
The International Conference on Fatigue and Fracture in the
Infrastructure - Bridges and Structures of the 21st Century attracted
transportation agencies including state Departments of Transportation,
bridge owners and engineers, inspection engineers, researchers and
technology suppliers. The forum provided the fatigue and fracture
issues facing the transportation industry and evaluated the latest
advancements, applications, research and solutions.
MATECH is gathering strong momentum as a company over the past quarter
and needs to be monitored carefully as their stock will soon be
evaluated at a higher trading value. Macam Investor Relations rates
MATECH as "UNDERVALUED" as President and CEO Cameron MacDonald says,
"We feel based on our estimates MATECH has strategically positioned
itself with lucrative private and government controlled contracts
which are expected to close in the future. These contracts will
strengthen MATECH's financial evaluations, while enabling them to
allocate the necessary resources to increase their market share
rapidly."
Al Giga, Business Development Manager at Macam Investor Relations,
says, "MATECH should be on everyone's radar. MATECH is backed by a
strong management team. MATECH has the ability to perform and execute
their services to government and private organizations both
efficiently and cost effectively, inevitably surpassing their
reputable and proven product over their competitors."
About Material Technologies, Inc. (MTNA.OB)
MATECH is an engineering, research and development company
specializing in technologies to measure microscopic fractures and
flaws in metal structures and monitor metal fatigue in real time. The
company's leading edge metal fatigue detection, measurement and
monitoring solutions can accurately test the integrity of metal
structures and equipment including bridges, railroads, airplanes,
ships, cranes, power plants, mining equipment, piping systems and
heavy iron.
MATECH owns the only nondestructive testing technology able to find
growing cracks as minute as 0.01 inches--critical information that
allows structural engineers to isolate and repair the more than
100,000 steel bridges in the U.S. which have been classified as
structurally deficient or functionally obsolete by the Federal Highway
Administration. MATECH has exclusive rights to seven patents along
with $8.3 million in already completed contracts from the U.S.
Government for research, testing and validation of its innovative
solutions.
To hear more about MTNA from CEO/President Robert M. Bernstein go to:
http://www.publiccoreport.net/featured/MTNA/company.asp or visit the
company's website at www.matechcorp.com.
Disclaimer
Macam Investor Relations is owned and licensed by Macam Limited. All
material was prepared by Macam Investor Relations and is based upon
information believed to be reliable. The information contained herein
is not guaranteed by Macam Investor Relations nor Macam Limited, to be
accurate, and should not be considered to be all-inclusive. The
companies that are discussed in the opinion have approved the
statements made in this opinion. The opinion contains forward-looking
statements that involve risks and uncertainties. A company's actual
results could differ materially for those described in any forward-
looking statements or announcements discussed herein. This material is
for information purposes only and should not be construed as an offer
or solicitation of an offer to buy or sell securities. Macam Investor
Relations and Macam Limited is not a licensed broker, broker dealer,
market maker, investment banker, investment advisor, analyst or
underwriter. Please consult a broker before purchasing or selling any
securities viewed on http://www.finance-markets.com or mentioned
herein. Macam Investor Relations has been compensated by third party
shareholders or with cash from the company on behalf of one or more of
the companies mentioned in this opinion. Macam Investor Relations and
Macam Limited affiliates, officers, directors and employees may also
have been bought or may buy shares discussed in this opinion and may
profit in the event those shares rise in value. Macam Investor
Relations and Macam Limited will not advise as to when it decided to
sell and does not and will not offer any opinion as to when others
should sell; each investor must take that decision based on his or her
judgment of the market.
Forward-Looking Statements:
Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "revolutionary," "should," "ideal," "extremely" and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.
