(OTCBB: MTCH) Revenues Should Increase From Federal Spending
December 29 2009 - 6:30AM
Marketwired
MATECH Corp. (OTCBB: MTCH) announced yesterday that it expects to
see an increase to its business due to recent proposals by the US
Government on infrastructure development.
The Federal-Aid Highway Act was the largest and most expensive
program in US history dedicated to the creation and expansion of
highways and helped lead the country out of the great depression.
President Obama's recent proposal to rebuild America's highways and
infrastructure will lead to a substantial amount of the approximate
100 billion dollars in federal funds to be spent on securing,
rebuilding and inspecting the current bridges and highways across
the United States.
Recent reports suggest that 26% of all US bridges are rated as
"structurally deficient." In 2006, more than 16,000 federal, state
and locally owned bridges had not received an inspection in the
previous 24 months, mostly due to lack of manpower being available
to visually inspect them. MATECH's technology would not only make
it easier and more cost efficient to inspect bridges, but also
detect what most inspections fail to see.
To read more about MATECH, please visit
www.smallcapsociety.com/mtch.php.
Other active stocks are Chicago Bridge and Iron (NASDAQ: CBI)
Sierra Gold Corp (PINKSHEETS: SGCP) and First Chester County Corp
(NASDAQ: FCEC).
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