Los Angeles, CA-December 9, 2008 - MATECH Corp. (OTC Bulletin Board: MTCH - News) stands ready to provide feasible solutions in support of Obama's economic recovery and stimulus plan. The President-Elect outlined his economic plan this weekend on his weekly radio address and on NBC's Meet the Press, which focused heavily on infrastructure.

Mr. Obama wants his plan to not only provide short-term stimulus to the economy but also to help build a long-term solution to the unemployment and aging infrastructure problems facing the U.S. Obama said his plan would put millions of people to work by "making the single largest new investment in our national infrastructure since the creation of the federal highway system in the 1950s."

MATECH has a proven track record of saving bridge owners money through improving bridge management and public safety with its cutting edge technology, the Electrochemical Fatigue Sensor(TM) (EFS) System. The technology is easy to use after only 3 days of training and will be an easy transition for unemployed factory workers and technology workers.

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.

This new technology is being deployed now for over a dozen bridge owners on more than 40 bridges. Results continue to help owners make the right fixes at the right time, saving more than a quarter of their maintenance and repair budgets and more importantly, increasing public safety.

Robert M. Bernstein, MATECH's CEO says, "MATECH stands ready to support Mr. Obama's plan through rapid deployment in all 50 states on highway bridges as well as on railroad structures to save millions of dollars for each owner, resulting in not only creating thousands of jobs across the country but also in saving money for the state and federal government without a huge investment. This economic stimulus plan must incorporate working smarter, not just harder."

Through use of state-of-the-art technologies, like MATECH's EFS, and as outlined in Chairman Oberstar's Bridge Safety Bill, we can move forward with this economic plan and build a better future for the U.S.

About Matech Corp. (MTCH.OB)

MATECH Corp, formerly Material Technologies, Inc., was founded in 1983 and is based in Los Angeles. It is an engineering, research and development company that specializes in technologies to measure microscopic fractures in metal structures and to monitor metal fatigue. The Company has already completed significant work for the federal government -- generating $8.3 million to develop technology to detect metal fatigue in aircraft. It has also received $5 million in private investments. Building on that base, it is now marketing its technologies to companies and government agencies involved in the inspection of metal highway and railroad bridges.

Forward-Looking Statements:

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements. Such statements are indicated by words or phrases such as "believe," "will," "breakthrough," "significant," "indicated," "feel," "revolutionary," "should," "ideal," "extremely" and "excited." These statements are made under "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those described in forward-looking statements and are subject to risks and uncertainties. See the Company's filings with the Securities and Exchange Commission including, without limitation, the Company's recent Form 10-K and Form 10-Qs, which identify specific factors that may cause actual results or events to differ materially from those described in the forward-looking statements.

Contact:

Robert M. Bernstein, President
Material Technologies, Inc.
11661 San Vicente Blvd.
Los Angeles, CA 90049
1.310.208.5589
matech@matechcorp.com