SOURCE: AbTech Holdings, Inc.

October 06, 2010 09:00 ET

Abtech Holdings Updates Preparations for Close of Merger

SCOTTSDALE, AZ--(Marketwire - October 6, 2010) - Abtech Holdings, Inc. (OTCBB: ABHD) (the "Company") is pleased to advise that as previously announced August 31, pursuant to a shareholder vote along with expiration of the period required for any dissenting shareholder opinions, and with the completion of audits of the financial records of AbTech Industries, Inc. ("AbTech") by the accounting firm of Semple, Marchal and Cooper LLP, AbTech is now prepared to proceed with the proposed merger transaction with the Company.

As such, and upon the formal close of the transaction, the Company shall acquire substantially all of the issued and outstanding capital stock of AbTech in exchange for the shareholders of AbTech acquiring a controlling ownership interest in the Company. Subsequently, AbTech will become a subsidiary of the Company and the board of directors and management of AbTech will become the board of directors and management of the Company.

About AbTech Industries, Inc.
AbTech Industries has been a privately held company since its founding over a decade ago as a startup R&D venture. AbTech Industries' operations have been funded by over $20 million invested to-date. Its patented Smart Sponge® technology is a unique and innovative chemically selective polymer technology capable of removing hydrocarbons, sediment and other foreign elements from still (ponds, lakes and marinas) or flowing water (curbside drains, pipe outflows, rivers and oceans). The product is installed in over 15,000 locations across America and in 8 foreign countries. AbTech Industries is currently working on a variety of efforts to deploy its technology throughout the US public sector and DOD markets. For more information please visit:

About Abtech Holdings, Inc. (OTCBB: ABHD)
Details about the pending merger transaction between the Company and AbTech and about the Company's business, finances, appointments and agreements can be found as part of the Company's continuous public disclosure as a reporting issuer under the Securities Exchange Act of 1934 filed with the Securities and Exchange Commission's ("SEC") EDGAR database. For inquiries please contact

Notice Regarding Forward-Looking Statements
This news release contains "forward-looking statements" as that term is defined in Section 27A of the United States Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this press release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the development, costs and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the inherent uncertainties associated with new projects and development stage companies. These forward-looking statements are made as of the date of this news release, and we assume no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that any such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all of the information set forth herein and should also refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.


Abtech Holdings, Inc.
Glenn R. Rink, Director

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