(OTC: MTNA) Targets $8.2 Billion Railroad Industry

(CybeRelease, May 3, 2006) - Lake Harmony, PA - Material Technologies, Inc. (OTC BB: MTNA) (“MATECH”) announced that it is targeting the growing railroad industry and receiving significant interest in its innovative metal fatigue detection solutions. According to a report published by the Association of American Railroads (AAR) last month, major freight railroads will spend more than $8.2 billion in 2006 laying new track, buying new equipment and improving infrastructure. MATECH’s patented Electrochemical Fatigue Sensor(TM) (EFS) technology can accurately measure microscopic growing cracks and metal fatigue in railway tracks and equipment, enabling railroad engineers to improve safety, optimize repairs and increase efficiency.

According to the Association of American Railroads, U.S. Class I freight railroads will invest $8.2 billion in infrastructure this year. From 1980 to 2005, freight railroad capital spending was more than $120 billion. In addition, railroads spend $10 billion to $12 billion each year to repair and maintain their infrastructure and equipment, for total spending of nearly $360 billion since 1980. The AAR noted that the U.S. Department of Transportation estimates that freight traffic will grow more than two-thirds by 2020 and that these investments are a necessary part of an ongoing effort to keep pace with anticipated traffic growth. The piece can be read in its entirety at http://www.aar.org/Index.asp?NCID=3582.

For in-depth analyst coverage, go to http://www.smallcapstockwatch.com
CybeRelease Gainers are PHAZAR CORP (Nasdaq: ANTP), InsWeb Corporation (Nasdaq: INSW), Macrovision Corporation (Nasdaq: MVSN), Powerwave Technologies, Inc. (Nasdaq: PWAV), Garmin Ltd. (Nasdaq: GRMN), Kforce, Inc. (Nasdaq: KFRC), Peet’s Coffee & Tea, Inc. (Nasdaq: PEET) and Brooks Automation, Inc. (Nasdaq: BRKS).

CybeRelease Decliners are WPP Group PLC (Nasdaq: WPPGY), MicroStrategy Incorporated (Nasdaq: MSTR), Unica Corporation (Nasdaq: UNCA), Golf Galaxy, Inc. (Nasdaq: GGXY), COMARCO, Inc. (Nasdaq: CMRO), Intuitive Surgical, Inc. (Nasdaq: ISRG), Helen of Troy Limited (Nasdaq: HELE) and Tractor Supply Company (Nasdaq: TSCO).

Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor’s reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A third party has hired and paid CybeRelease $895.00 for the publication of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.

Contact Information

C. P. Barry

Media Contact

CybeRelease.com

Contact via E-mail