SOURCE: Material Technologies, Inc.

July 31, 2006 10:30 ET

Material Technologies, Inc. Allies With Macam Investor Relations and Finance-Markets.com

LOS ANGELES, CA -- (MARKET WIRE) -- July 31, 2006 -- Material Technologies, Inc. (OTCBB: MTNA) is pleased to announce that it has retained the services of Macam Group as its chosen Investor Relations representation for communicating MATECH to the North American capital markets. In addition, Finance-Markets.com, a subsidiary of Macam Group, will feature MATECH on its dynamic, fully interactive internet web portal designed specifically for the investment community.

"I look forward to working with Macam Group. They are a good group of guys with a great reputation," commented Robert Bernstein, Chief Executive Officer of Material Technologies, Inc.

About Material Technologies, Inc. (OTCBB: MTNA)

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 non-destructive 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 100,000 steel bridges in the U.S. 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 U.S. Government for research, testing and validation of its innovative solutions.

"Fatigue Technologies for Safer Structures"

To hear more about MTNA from CEO/President Robert M. Bernstein go to: http://www.publiccoreport.net/featured/MTNA/company.asp or visit the company's website at www.matechcorp.com.

About Macam IR:

Founded in 2002, Macam Investor Relations is a financial boutique which offers a unique blend of traditional investor relations services and web-based advertising and market data, based out of Calgary, Alberta, Canada. Their expertise is in the representation of emerging companies to the individual and professional investment community. Macam IR service assists with the composition of large media awareness campaigns and helps to expose its clientele to shareholders, while offering strategic assistance and consultation, via its financial media portal http://www.Finance-Markets.com. Macam Chief Executive Officer, Cameron MacDonald stated, "We provide diligent and accurate results, designed to maintain the standards of your business, while excelling in professional capital market representation. Our mission is to provide our clients with the best quality business communications and strategic development, in order to maintain an above average level of corporate governance, and protect the long-term interests of the investment community."

Macam IR owns and operates Finance-Markets.com, an interactive financial media portal, supplying free service designed to ease the process of bringing public companies and top financial seeking brokers and investors together. Live Market Data, Stocks, Charts, Quotes, Currencies, Commodities and a Top Financial magazine/newsletter are supplied to the investment and financial community for free.

Safe Harbor Statement: Statements contained in this fact sheet relating to Material Technologies, Inc. that are not historical facts are "forward looking" under the Private Securities Litigation Reform Act. Forward-looking statements are subject to risks and uncertainties, including, but not limited to: the company's ability to maintain strong relationships with its primary supplier and key dealers; the effects of competition from companies with greater resources; changes in manufacturers' distribution channels; fluctuations in foreign currency; the level of government reimbursement for users as well as other government regulations; the company's ability to retain key personnel; and, its ability to secure financing, notably to support its expansion into the U.S. market. These risks and uncertainties and others are enumerated in the company's most current filed Annual and Interim Reports and could cause actual results to differ materially from those projected or implied in the forward-looking statements. Except for the company's continuing obligation to disclose material information under federal securities law, it is not obligated to update its forward-looking statements.

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