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Article Excerpt
M2 PRESSWIRE-1 June 2006-Iron Consulting: www.smallcapstockwatch.com, Investment Alerts for MTNA!(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:01062006
Stocks To Watch: Material Technologies, Inc. (OTCBB: MTNA) Amazon.com, Inc. (NASDAQ: AMZN) eBay Inc. (NASDAQ: EBAY), Google Inc. (NASDAQ: GOOG), TD AmeriTrade Holding Corp. (NASDAQ: AMTD)
Featured Stock
Ticker Symbol MTNA: Current Price (0.10) www.smallcapstockwatch.com
Material Technologies Applauds US Department of Transportation's $4.2 Billion Commitment to Bridge Safety in 2007 Budget Request
LOS ANGELES, CA - Material Technologies, Inc. (OTC BB: MTNA.OB - News) ("MATECH") announced its support of the US Department of Transportation's fiscal year 2007 budget request which continues funding for bridge safety. 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.
The Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users (SAFETEA-LU, enacted August 10, 2005) provides for increased transportation infrastructure investment, strengthens transportation safety programs and environmental programs, and continues core research activities. SAFETEA-LU, along with Title 23, U.S.C. ("Highways") and other supporting legislation, provides authority for the various programs of the Federal Highway Administration (FHWA) designed to improve highways throughout the nation.
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.
"We applaud the Department of Transportation's commitment to maintaining the safety of roads...
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