SOURCE: Wall Street News Alert

June 01, 2006 09:08 ET

Wall Street News Alert: Aggressive Investors Alert Issued on MTNA! June 1, 2006

NOTE TO EDITORS: The Following Is an Investment Opinion Being Issued by Wall Street Capital Funding.

WESTON, FL -- (MARKET WIRE) -- June 1, 2006 -- Wall Street News Alert's "stocks to watch" this morning are: Material Technologies, Inc. (OTCBB: MTNA), United States Steel Corporation (NYSE: X), Engelhard Corporation (NYSE: EC) and Andrew Corporation (NASDAQ: ANDW).

Once again, Material Technologies, Inc. (OTCBB: MTNA) continues with its string of good press releases which may have the attention of aggressive investors and day traders this morning! Yesterday after the markets closed, the company issued a press release announcing its support of the US Department of Transportation's fiscal year 2007 budget request which continues funding for bridge safety.

The news may have the attention of investors! President Bush is requesting $65.6 billion in budgetary resources for the US DOT to support major investments in transportation nationwide including $4.2 billion for bridge replacement, rehabilitation and preventive maintenance. MATECH's revolutionary metal fatigue detection technology can locate growing cracks in metal structures and equipment, critical information that can help state and federal agencies ensure bridge safety.

Continue to watch this company! The President's Budget for FY 2007 continues this transportation infrastructure investment, allocating $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 (FAHP), which provides federal financial assistance to the states to construct and improve the National Highway System, urban and rural roads, and bridges. The FY 2007 budget request includes an obligation limitation of $31.9 billion for the FAHP.

Wall Street News Alert is continuing to place Aggressive Investors on alert to monitor the progress of Material Technologies! "We applaud the Department of Transportation's commitment to maintaining the safety of roads and bridges," said MATECH CEO Robert M. Bernstein. "The 2007 budget request allocates $4.2 billion for states to improve the condition of their bridges through replacement, rehabilitation, and systematic preventive maintenance. MATECH'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."

In the recent past, MATECH has completed informal reviews of three bridges in Pennsylvania at the request of that state's Department of Transportation.

Prior to the latest press release, the stock closed yesterday at around Ten cents a share.

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In case you are not familiar with the company: MATECH is an engineering, research and development company specializing in technologies to monitor metal fatigue in real time. The company's leading edge metal fatigue detection and monitoring solutions can accurately test the integrity of metal structures and equipment including bridges, railroads, airplanes, ships, cranes, power plants, mining equipment, and heavy iron. MATECH owns the only non-destructive testing technology able to find growing cracks as minute as 0.010 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 US Government for research, testing and validation of its innovative solutions.

United States Steel Corporation (NYSE: X) up 2.9% on 4.7 million shares traded.

United States Steel Corporation is a steel manufacturing companies.

Engelhard Corporation (NYSE: EC) even on 6 million shares traded.

Engelhard Corporation is a surface and materials science company that develops technologies to improve customers' products and processes.

Andrew Corporation (NASDAQ: ANDW) up 3.4% on 23.5 million shares traded.

Andrew Corporation designs, manufactures, and delivers innovative and essential equipment and solutions for the global communications infrastructure market.


"Markets rebounded by midday trading on Wednesday after the large losses from Tuesday. The big push, according to analysts, came from oil dropping by $1.86 to $70.10 per barrel and the U.S. working to join the European talks with Iran, if Iran halts uranium enrichment," stated Sonja Rudd in Wall Street News Alert's daily commentary continued at:

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