SOURCE: Stock Market Alerts

August 06, 2007 10:13 ET

Investment Alerts: MTTG! August 6, 2007

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

MIAMI, FL--(Marketwire - August 6, 2007) - Stock Market Alerts' performance stock list includes: Material Technologies Incorporated (OTCBB: MTTG), ArcelorMittal (NYSE: MT), Olympic Steel, Inc., (NASDAQ: ZEUS), Nucor Corp. (NYSE: NUE).

Material Technologies Inc. (OTCBB: MTTG) has just issued additional news that should be of interest to investors. The company, a developer of advanced technology to monitor and measure metal fatigue, issued a press release this morning announcing that its new bridge inspection program aimed at the Federal Highway Administration (FHWA) and state departments of transportation which will educate and advise governmental agencies and responsible departments on using MATECH's patented electrochemical fatigue testing process on critical transportation infrastructure.

Great news for MTTG! MATECH's engineers will advise the FHWA and state DOTs regarding the Company's bridge inspection technology which helps locate and determine whether metal fatigue induced cracks in metal bridges are increasing in size as part of the national bridge safety regime of inspection, maintenance and repair. MATECH's technology can help these agencies allocate precious resources, save repair and rehabilitation funds while helping insure bridge safety and uninterrupted traffic flows -- not to mention lives.

"Without intervention now, these cracks will spread until they seriously undermine highway safety," says Robert M. Bernstein, CEO of publicly traded Material Technologies, Inc., a Los Angeles-based technology firm which has a patented non-destructive steel bridge inspection system. The company has developed an effective method to pinpoint growing cracks. Its team of "bridge doctors," all engineers, specializes in detecting and monitoring metal fatigue in civil infrastructure, including steel bridges such as the Minneapolis, Minnesota bridge which collapsed over the Mississippi River on Friday. MATECH's mission is to provide a cost effective, technologically advanced, and accurate system for detecting minute cracks in steel structures which portend future problems. In essence, MATECH's mission is to put into effect the old adage "an ounce of prevention is worth a pound of cure." In this case, a simple inspection using the MATECH EFS system is worth millions of dollars of future costs.

Although each of the 600,000 existing bridges (including about 190,000 metal bridges) in the U.S. must, by law, be inspected every two years, they are mostly inspected visually by inspectors using binoculars or by tapping with a hammer. It can be argued that this is not an adequate means of inspection, since 90 percent or more of the cracks are completely missed with visual inspection alone, according to the FHWA. The 190,000 metal bridges include 39,000 structurally deficient and 35,000 functionally obsolete bridges identified by the FHWA and the various state DOTs. According to the press release, the potential annual revenue from these structurally deficient and obsolete bridges from EFS inspections, at an average cost of $15,000 per inspection, is about $550 million. The potential annual revenue from all the states' steel bridges is $1.4 billion

This is certainly another company for investors to watch closely!

The stock closed Friday at $1.85 a share.

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.

MATECH owns the only nondestructive testing technology able to find growing cracks as minute as 0.01 inches -- critical information that allows structural engineers to isolate and repair the more than 74,000 steel bridges in the US which have been classified as structurally deficient or functionally obsolete by the Federal Highway Administration. MATECH has exclusive rights to seven patents along with $8.3 million in already completed contracts from the US Government for research, testing and validation of its innovative solutions.

Other Stocks of interest Friday were:

ArcelorMittal (NYSE: MT) down 2.6% on 2.4 million shares traded. ArcelorMittal is the world's number one steel company, with 320,000 employees in more than 60 countries. The company brings together the world's number one and number two steel companies, Arcelor and Mittal Steel.

Olympic Steel, Inc., (NASDAQ: ZEUS) down 9.5% on 692,000 shares traded. Olympic Steel is a leading U.S. steel service center focused on the direct sale and distribution of large volumes of processed carbon, coated and stainless flat-rolled sheet, coil and plate steel products. Headquartered in Cleveland, Ohio, the Company operates 16 facilities.

Nucor Corporation (NYSE: NUE) up 1.2% on 8.7 million shares traded. Nucor and affiliates are manufacturers of steel products, with operating facilities primarily in the U.S. and Canada. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; steel fasteners; metal building systems; light gauge steel framing; steel grating and expanded metal; and wire and wire mesh. Nucor is North America's largest recycler.

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 twelve 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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