MTCH Looks like were going to have a nice news play here on this one. This is a good time to take a position with a low entry price. Def a under valued stock i see other stocks in the same sector trading at 1.00. Im sure its just a matter of time before this one is doing the same. Good luck to you all
LOS ANGELES, April 5, 2010 (GLOBE NEWSWIRE) — MATECH Corp. (OTCBB:MTCH – News) (MATECH) announced that its Chief of Operations was invited to meet with officials from the Department of Transportation in Virginia (VDOT). Ms. Miceli met with officials at headquarters in Richmond, VA and the meeting was broadcast across the state to the various DOT districts.
Various officials across the state of Virginia participated in a presentation on MATECH's patented technology, the Electrochemical Fatigue Sensor (EFS) System and participated in a meeting on March 25, 2010. The intent of the meeting was to determine the structures within the VDOT system that would benefit from the use of EFS.
MATECH has a proven track record of saving bridge owners money through improving bridge management and public safety with its cutting edge technology, the EFS System. Through eliminating subjectivity of inspections for cracking in bridge members (the FHWA has stated that 90% of these cracks are missed with visual inspection), MATECH is helping to eliminate wasted funds by prioritizing repairs and verifying their effectiveness immediately.
Marybeth Miceli, MATECH's Chief of Operations, says, “VDOT is a progressive transportation department that supports great technologies to aid them in making better bridge management decisions. We are looking forward to working with them on their structures again.”
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