SOURCE: eLocity Inc.

August 02, 2006 07:10 ET

Wednesday, August 2nd Stock Trading Alert

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by eLocity.

SARASOTA, FL -- (MARKET WIRE) -- August 2, 2006 -- eLocity's stocks to watch for today are -- Material Technologies, Inc. (OTCBB: MTNA), The Immune Response Corporation (OTCBB: IMNR), GS CleanTech Corporation (OTCBB: GSCT).

Investors, continue to follow Material Technologies, Inc. (OTCBB: MTNA), a company engaged in the research and development of metal fatigue detection, measurement and monitoring technologies. After the bell Tuesday the company announced that it will be featuring its patented metal fatigue detection solutions next week at the International Conference on Fatigue and Fracture in the Infrastructure.

Material Technologies said it will present technical discussions on the benefits of using its patented Electrochemical Fatigue Sensor™ to detect and monitor microscopic growing cracks in bridge infrastructure at the conference, which is designed to bring together world experts in the mechanics, detection, and remediation of metal fatigue damage to bridges and other transportation structures.

The conference, expected to draw transportation agencies including state Departments of Transportation, bridge owners and engineers, inspection engineers, researchers and technology suppliers, will provide a forum to discuss the fatigue and fracture issues facing the transportation industry and evaluate the latest advancements, applications, research and solutions.

The International Conference on Fatigue and Fracture in the Infrastructure - Bridges and Structures of the 21st Century is sponsored by Lehigh University's Advanced Technology for Large Structural Systems Center, and co-sponsored by organizations including the Federal Highway Administration, Pennsylvania Infrastructure Technology Alliance, National Science Foundation, New Jersey Department of Transportation, Port Authority of New York and New Jersey, and Transportation Research Board.

According to the Federal Highway Administration more than half of the steel bridges in the U.S. are structurally deficient or functionally obsolete. The $286 billion Federal Transportation Bill has allocated millions of dollars to help states evaluate non-destructive methods like Material Technologies' Metal Fatigue Detection Technology (EFS) to test growing fatigue cracks in steel bridges. The U.S. Department of Transportation's Fiscal Year 2007 Budget Request continues the funding for bridge safety. $65.6 billion in budgetary resources has been requested to support major investments in transportation nationwide including $4.2 billion for bridge replacement, rehabilitation and preventive maintenance.

Material Technologies, Inc. (OTCBB: MTNA) is currently trading at around 8 cents a share.

Other stocks to watch:

The Immune Response Corporation (OTCBB: IMNR) announced Tuesday that the company had received approvals to expand its Phase II IR103 study in drug-naive HIV patients to include clinical sites in France.

IMNR closed even Tuesday at $0.0215.

GS CleanTech Corporation (OTCBB: GSCT) announced on Monday that the company had executed a definitive agreement with an ethanol producer to extract approximately 1.2 million gallons of crude corn oil per year from the producer's distillers dried grains, to convert into a biodiesel feedstock using GS CleanTech's proprietary corn oil extraction technology.

GSCT closed even Tuesday at $0.081.

About eLocity Inc.: eLocity owns and operates three financial websites for investors., Featuring active message boards for the penny stock trader, rumors and more., Visit this site for our daily top stock "GRID Makers." We rank stocks on volume, message board activity, sentiment and trend forecast., Bell2Bell features news stories, rumors, the InvestBoard and more.

Sign up for FREE at any of the sites above.

The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company." The company received compensation for this service for MTNA (Public Company). The compensation is one thousand, two hundred dollars from a non-affiliated third party, Equity Alliance, Inc. Because the company received compensation for its services, there is an inherent conflict of interest in the company statements and opinions and such statements and opinions cannot be considered independent.

The company reserves the right to trade in securities mentioned herein, and may make purchases or sales in such securities featured within our newsletter reports. The information contained in this publication is for informational purposes only, and not to be construed as an offer to sell or solicitation of an offer to buy any security. The company makes no representation or warranty relating to the validity of the facts presented nor does the company represent or warrant that all material facts necessary to make an investment decision are presented above. All statements of opinions, if any, (Our Summary) are those of the company.

The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the Public Company that this newsletter is providing service for should be reviewed is speculative and a high-risk and may result in the loss of some or all of any investment made in the client. This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended.

The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.

Contact Information

  • Contact:
    eLocity Inc.
    Thomas Clay