SOURCE: IO News Wire

IO News Wire

December 29, 2009 07:30 ET

(OTCBB: MTCH) Revenues Should Increase From Federal Spending

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO News Wire

NEW YORK, NY--(Marketwire - December 29, 2009) - MATECH Corp. (OTCBB: MTCH) announced yesterday that it expects to see an increase to its business due to recent proposals by the US Government on infrastructure development.

The Federal-Aid Highway Act was the largest and most expensive program in US history dedicated to the creation and expansion of highways and helped lead the country out of the great depression. President Obama's recent proposal to rebuild America's highways and infrastructure will lead to a substantial amount of the approximate 100 billion dollars in federal funds to be spent on securing, rebuilding and inspecting the current bridges and highways across the United States.

Recent reports suggest that 26% of all US bridges are rated as "structurally deficient." In 2006, more than 16,000 federal, state and locally owned bridges had not received an inspection in the previous 24 months, mostly due to lack of manpower being available to visually inspect them. MATECH's technology would not only make it easier and more cost efficient to inspect bridges, but also detect what most inspections fail to see.

To read more about MATECH, please visit

Other active stocks are Chicago Bridge and Iron (NASDAQ: CBI) Sierra Gold Corp (PINKSHEETS: SGCP) and First Chester County Corp (NASDAQ: FCEC).

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