SOURCE: ATWEC Technologies, Inc.

August 02, 2006 10:05 ET

ATWEC Begins Audit of Company Financials

Rotenberg and Company Begins Financial Audits

MEMPHIS, TN -- (MARKET WIRE) -- August 2, 2006 -- ATWEC Technologies, Inc. (PINKSHEETS: ATWT) Board of Directors has voted to begin a complete audit of company financials. Rotenberg and Company, of Rochester, NY, has been hired to perform accounting services for the Company, and will immediately begin auditing the financial statements for fiscal years 2002-2005.

"This audit will enhance dissemination of the company's financial records to our shareholders and potential new investors, and, importantly, we are setting the stage to file application for the OTC QX. Our current corporate attorney will be working diligently to represent us in this process with the Pink Sheets, and we are very proud to have such a well-respected firm moving the process along quickly.

We now have the right combination of great counsel and an impeccable accounting firm to face the rigorous responsibility of becoming a reporting company. Our goal is to become a fully reporting company on the OTC BB in the near future. This decision only further demonstrates our ongoing efforts to be fully transparent to the investment community," said President/CEO Alex T. Wiley.

More information on ATWEC Technologies can be found on the Company's website. www.atwec.com

NOTE: Certain statements in this press release are "forward-looking statements" within the meaning of the Private Securities Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause results to differ materially. Such risks, uncertainties and other factors include but are not limited to new economic conditions, risk in product development, market acceptance of new products and continuing product demand, level of competition and other factors described in Company reports and other filings with regulatory bodies.

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