SOURCE: Admiralty Holding Company

August 01, 2006 12:10 ET

Admiralty Holding Company to Receive Third Patent

DOUGLASVILLE, GA -- (MARKET WIRE) -- August 1, 2006 -- Admiralty Holding Company (OTCBB: ADMH), Admiralty Corporation announced today that it has received notice from its patent attorneys, KILPATRICK STOCKTON LLP, that claims 1-22 have been allowed by the U.S. Patent and Trademarks Office in connection with U.S. Patent Application Serial No. 10/899,391 which Admiralty had previously filed. As Admiralty developed its ATLIS™ technology, five separate applications for patents were filed. On April 20, 2004, Admiralty was issued U.S. Patent No. 6,724,191 B, "System and Methods Useful for Detecting Presence and/or Location of Various Materials." On May 02, 2006, Admiralty announced that it had been notified that its U.S. Patent Application Serial No. 10/827,089 had been approved and that it expected this second U.S. Patent would be issued within the next several weeks.

Now a third U.S. Patent is expected to be allowed and issued. The expected third new patent is entitled "Systems and Methods for Synchronous Detection of Signals." Admiralty feels that it is important to protect its technology as broadly as is possible and has filed various applications to secure this protection. We are pleased that three of the five applications have been approved and none have been dismissed.

Admiralty announced last week that the assembly of its first commercial ATLIS™ has begun.

More information concerning Admiralty may be found at our web site, www.admiraltycorporation.com.

Forward-Looking Statements Caution:

This release contains "forward-looking statements." Such statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on expectations, estimates and projections that involve a number of risks and uncertainties (some of which are described in the Company's Annual Report for 2005 on Form 10-KSB filed with the SEC) which could cause actual results or events to differ materially from those anticipated. Admiralty does not undertake to update any of its forward-looking statements that may be made from time to time.

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