SOURCE: eLocity Inc.

June 01, 2006 07:10 ET

Thursday, June 1st Stock Trading Alert

NOTE TO EDITORS: The Following is an Investment Opinion Being Issued by eLocity Inc.

SARASOTA, FL -- (MARKET WIRE) -- June 1, 2006 -- eLocity's stocks to watch for today are -- Material Technologies, Inc. (OTCBB: MTNA), Systems Evolution, Inc. (OTCBB: SEVI), Victor Industries (OTCBB: VICI), GoldSpring, Inc. (OTCBB: GSPG).

Investors, continue to follow Material Technologies, Inc. (OTCBB: MTNA), a company engaged in the research and development of metal fatigue detection, measurement and monitoring technologies. Wednesday after the close, the company issued a press release applauding the Department of Transportation's commitment in maintaining the safety of roads and bridges. Material Technologies said that President Bush is requesting $65.6 billion in budgetary resources for the U.S. DOT supporting major investments in transportation nationwide.

Robert M. Bernstein, CEO of Material Technologies, said the 2007 budget request allocates $4.2 billion for states to improve the condition of their bridges through replacement, rehabilitation, and systematic preventive maintenance. Bernstein said the company's patented Electrochemical Fatigue Sensor (EFS) can accurately detect and measure growing cracks in metal, providing critical data on the integrity of metal structures. "We believe our technology can help state and federal agencies accomplish their objective of improving our nation's bridges," Bernstein stated.

Material Technologies said the President's Budget for fiscal year 2007 allocates $39.1 billion in obligation limitation to the Federal Highway Administration for major programs including the Highway Bridge Replacement and Rehabilitation Program, and the Federal-Aid Highway Program, which the budget request includes an obligation limitation of $31.9 billion for.

Material Technologies, Inc. (OTCBB: MTNA) is currently trading at around 10 cents a share.

Other stocks to watch:

Business consulting services provider, Systems Evolution, Inc. (OTCBB: SEVI), announced Wednesday that its Board of Directors has directed the company to expand its revenue generation capabilities through smart hiring and an acquisition plan.

SEVI closed Wednesday at $0.0159.

Victor Industries (OTCBB: VICI) announced Wednesday that the company is moving towards completion of its recently announced Definitive Merger Agreement with Ethos Environmental, Inc.

VICI closed Wednesday at $0.0064.

GoldSpring, Inc. (OTCBB: GSPG) announced on Tuesday that it had entered into a memorandum of understanding to sell the rights to mine the stockpiled copper bearing material at the company's Big Mike Copper Project in Nevada.

GSPG closed Wednesday at $0.0112.

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The newsletter is provided by eLocity Inc., an electronic broadcaster and publisher of this newsletter, is here after referred to as "the company." The company received compensation for this service for MTNA (Public Company). The compensation is one thousand, two hundred dollars from a non-affiliated third party, Equity Alliance, Inc. 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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The company relies exclusively on information gathered on the Public Company, such as public filings, press releases and its web sites. Investors should use the information contained in this publication as a starting point for conducting additional research on the Public Company in order to allow the investor to form his or her own opinion regarding the Public Company. Factual statements contained in this publication are made as of the date stated and they are subject to change without notice. The company is not a registered investment adviser, broker or a dealer.

Investing in the Public Company that this newsletter is providing service for should be reviewed is speculative and a high-risk and may result in the loss of some or all of any investment made in the client. This release may contain statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended.

The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements.

Contact Information

  • Contact:
    eLocity Inc.
    Thomas Clay