SOURCE: Stock Market Alerts

August 02, 2007 10:40 ET

Breaking Stock Alert for Thursday: MTTG! August 2, 2007

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Stock Market Alerts.

MIAMI, FL--(Marketwire - August 2, 2007) - Stock Market Alert's performance stock list includes: Material Technologies Inc. (OTCBB: MTTG), Applied Materials, Inc. (NASDAQ: AMAT), Clear Channel Communications, Inc. (NYSE: CCU), United States Steel Corporation (NYSE: X).

Material Technologies Inc. (OTCBB: MTTG) is a great stock to put on your radar and watch as Stock Market Alerts initiates coverage of the company. The company, a developer of advanced technology to monitor and measure metal fatigue, has issued a press release early this morning announcing that Brent Phares, Ph.D., Chief Engineer of the company, commented on the highway bridge collapse in Minneapolis, calling the disaster a sign of America's widespread problem with its aging infrastructure.

According to the press release, company Chief Engineer Brent Phares made his comments during and after an interview Wednesday night on Fox News at 11:00 PM ET!

Phares said it is too early to tell exactly what caused Minnesota DOT Bridge 9340, which carries Interstate 35 W over the Mississippi River just east of downtown Minneapolis, to collapse suddenly during rush hour. But he pointed out that the bridge was 40 years old and was built at a time when vehicular traffic and weights were much less than they are today and at a time when bridge steels and redundancy where not at today's standards. The bridge also had fatigue-susceptible details which were difficult to inspect.

"Our first thoughts after this horrific event must go toward the injured, the families of the victims and the heroic people who have worked to save lives at the disaster scene and at hospitals," Phares said today. "As authorities analyze the collapse and determine its cause, however, they will have to come to terms with the fact that bridge failures are not isolated, rare events, and that the risk of new tragedies from unseen metal fatigue inevitably grows as steel bridges age. There is a growing, urgent need to inspect bridges with the most advanced technology in order to prevent more tragedies like today's collapse."

Phares noted the following facts about bridges in the U.S.:

--  Visual inspection is the primary method of checking bridges for
    possible metal fatigue and potential catastrophic failure.
--  One study by the Federal Highway Administration (FHWA) found that over
    90% of fatigue cracks were missed with visual inspection.
--  Of all the methods (visual and non-visual) used to detect cracks, only
    Material Technologies' Electrochemical Fatigue Sensor system can determine
    whether the cracks are growing. EFS can determine not only whether cracks
    are growing but whether they are growing slowly or rapidly.
--  Over the past 10 years, on average, there have been one bridge failure
    in the U.S. every week.
--  According to federal data, 39% of the bridges in the U.S. are
    structurally deficient or functionally obsolete.
--  Federal law mandates that bridges over 20 feet long be inspected every
    other year, but it does not require any particular method of inspection.
--  SAFETEA-LU, the federal transportation bill currently in effect,
    mandated that the FHWA carry out a program to identify technologies that
    detect growing fatigue cracks in bridges. Material Technologies' EFS is
    part of that program and already has been used in Pennsylvania. It also has
    been used in New Jersey, Massachusetts and Utah. Overseas, bridge owners in
    Australia, the U.K. and elsewhere have shown interest in deployment of the
    EFS in the near future.

This is certainly another company for investors to watch closely! Material Technologies Inc., also known as MATECH, is an engineering, research and development company specializing in technologies to measure microscopic fractures and flaws in metal structures and monitor metal fatigue in real time. The company's leading-edge metal fatigue detection, measurement and monitoring solutions can accurately test the integrity of metal structures and equipment including bridges, railroads, airplanes, ships, cranes, power plants, mining equipment, piping systems and heavy iron.

Before the news was released, the stock closed Wednesday at $1.02 a share.

Other Stocks of interest yesterday were:

Applied Materials, Inc. (NASDAQ: AMAT) up 1.8% on 42.5 million shares traded.

Applied Materials, Inc. is the global leader in Nanomanufacturing Technology™ solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panels, solar photovoltaic cells, flexible electronics and energy efficient glass.

Clear Channel Communications, Inc. (NYSE: CCU) down 0.08% on 5.6 million shares traded.

Clear Channel Communications, Inc., headquartered in San Antonio, Texas, is a global leader in the out-of-home advertising industry with radio and television stations and outdoor displays in various countries around the world.

United States Steel Corporation (NYSE: X) down 2.7% on 5.8 million shares traded.

United States Steel Corporation is one of the leading steel manufacturing companies.

The advertisement is provided by Wall Street Enews, a division of Stock Market Alerts LLC, an electronic broadcaster and publisher of this release, and hereafter referred to as "the company." The company received compensation for services performed for Material Technologies Inc. (OTCBB: MTTG). The compensation was four thousand dollars from third party, Taurus Holdings, who is non-affiliated and may hold a significant position in the stock. 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.

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