SOURCE: IOCircuit

May 02, 2006 07:30 ET

Material Technologies, Inc. (OTC: MTNA) Gets Price Target of $0.85

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by the IO Circuit.

LAKE HARMONY, PA -- (MARKET WIRE) -- May 2, 2006 -- The IO Circuit recommends Material Technologies, Inc. (OTC BB: MTNA) ("MATECH"), which recently received a price target of $0.85. The company addresses attractive growth opportunities in the wide range of markets it serves. Robert Bernstein, CEO, is responsible for obtaining in excess of $8 million from the US Government for R&D, congressional sponsorship for the technology, US Air Force interest in using the technology in its aging aircraft project, and support from the Federal Highway Administration for Bridging Monitoring Services. These customers all benefit from MATECH's testing products with accelerated and improved design, development and manufacturing processes.

Our country's bridges are in dire need of upgrading. With 600,000+ bridges in the US alone, repairs are estimated at over $436 billion. So far, $5 million has been allocated to help states evaluate NDT methods like EFS to test cracks in steel bridges. MATECH has already proven its systems are highly effective in determining metal fatigue.

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