SPNG: SpongeTech(R) Delivery Systems | DUSS: Dussault Apparel | ESPH: Ecosphere Technologies | MTKY: Mechanical Technology, Incorporated

SPNG: SpongeTech(R) Delivery Systems, Inc. Sponsored Darryl Strawberry Foundation's 2nd Annual Charity Golf Classic

Sports Greats and Celebrities Take a Swing Against Developmental Disorder to Support Foundation for Children and Families Affected by Autism

Aug 26, 2008 9:30:00 AM
NEW YORK, Aug. 26 /PRNewswire-FirstCall/ -- SpongeTech(R) Delivery Systems, Inc. (OTC Bulletin Board: SPNG, www.spongetech.com) a company which designs, produces, and markets innovative, cost-effective, and environmentally sensitive packaging and product delivery solutions through its exclusive patented packaging technology, sponsored the Darryl Strawberry Foundation Golf Outing for Children and Families Affected by Autism on Monday, August 25th at the Bethpage State Park in Farmingdale, New York.

Among the sports greats in attendance were: Carl Banks, Sam Rosen, John Starks, Willie Upshaw, Ozzie Smith, Ray Lucas, Curtis McGriff, Bruce Harper, and Ron Darling, among others.

SpongeTech has a partnership with the Darryl Strawberry Foundation whereby the Company has committed to donate a percentage of its children's bath sponge, Puddle Pals, revenues to the Darryl Strawberry Foundation. Puddle Pals is a baby bath toy filled with hypoallergenic soap, with each sponge capable of up to eight washes.

"We were pleased to be a part of an event to support such an important cause," said Steven Moskowitz, COO of SpongeTech. "We believe our technologies have great potential to grow in popularity as we continue to market and promote SpongeTech's products. We look forward to continuing to support this foundation and to participate in other marketing opportunities as our company remains on track for future growth."

DUSS: Dussault Apparel(TM) & Gene Simmons eXtreme MoneyBag(TM) Announce Sponsorship of Elite Canadian Snowboarder Ryan R. Rausch
Aug 26, 2008 9:00:00 AM

LOS ANGELES, CA -- (MARKET WIRE) -- 08/26/08 -- Dussault Apparel, Inc. (OTCBB: DUSS) -- Dussault Apparel(TM) Founder, Chairman and Head Designer, Jason Dussault, is pleased to announce the Company has an agreement with world class snowboarder Ryan R. Rausch to promote the Company's product as a corporate ambassador across the world in the ski and snowboard marketplace, a new and exciting arena for Dussault Apparel(TM) to market its product to.

Jason Dussault, Dussault Apparel(TM) Founder, comments, "The ski and snowboarding marketplace is a new one for Dussault(TM) and eXtreme MoneyBag(TM) and we are excited to have Ryan Rausch out on the slopes and in the resorts and villages representing our lines and spreading the good word of our company and its product. We expect to see Ryan on the winners podium rocking eXtreme Moneybag(TM) apparel many times this season! Ryan is the first of what we hope are many pro riders we will be sponsoring."

The deal calls for Rausch to wear eXtreme MoneyBag(TM) and Dussault Apparel(TM) clothing and accessories during domestic and international snowboarding contests as well as on the slopes during off-time. Rausch will also promote the two product lines to ski and snowboard retailers around the world as he competes on the snowboarding circuit. Having extensive connections within the marketplace, Rausch will help increase the eXtreme MoneyBag(TM) and Dussault Apparel(TM) penetration into the winter sports world, using his celebrity name and status.

Ryan R. Rausch has been called one of Canada's future "greatest snowboarders of all time." A member of the world's pro elite snowboarders, Ryan has 8 top 10 contest finishes since 2006, with 2 wins. Both first place finishes took place in Japan, known to be one of the most difficult and challenging snowboarding locations in the world circuit. His first win was back in March, 2006 at the All Japan Nationals Slopestyle contest. Ryan's second win was a year later, February, 2007 at the PSA Nango Challenge Cup Halfpipe. Coming off these two sensational wins back to back within his first year on the circuit, Ryan was named the PSA (Pro Snowboard Asia) Tour Champion and Rookie of the Year.

This year and into 2009, Ryan will be competing in all the major contests and events around the world: North American, Europe and Asia, and looks forward to adding more wins to his already impressive collection. His attendance at the prestigious Canadian Nationals and Telus World Ski and Snowboard Festival, both in 2009, will garner him international awareness and increase his face time within the snowboarding fan base assembly.

Ryan appeared in one of the top 10 highest rated "Gene Simmons Family Jewels" television episodes, where he was "found" by Dussault Apparel(TM) Founder Jason Dussault and Gene Simmons and asked to become the Company rider for both. Ryan also has sponsorships from seven other major manufacturers and players in the snowboarding community.

Dussault Apparel, Inc., is a designer, manufacturer, wholesaler and retailer of high-end quality apparel, its expanding product line includes custom designed hoodies, jeans, jewelry, t-shirts, hats and leather goods. An accelerated growth company, Dussault Apparel, Inc. trades on the Nasdaq OTC: BB as DUSS.

ESPH: Ecosphere Technologies Positions the Company for Growth With the Addition of Three New Board Members and New EVP of Business Development
Aug 26, 2008 8:00:00 AM

View Additional ProfilesSTUART, FL -- (MARKET WIRE) -- 08/26/08 -- Ecosphere Technologies, Inc. (OTCBB: ESPH), a diversified water engineering and services company, has added three new members to its Board of Directors, including Mr. Gene Davis, Mr. Steve Keating, and Mr. Tom Wolfe. In addition, Ecosphere hired Michael Furman as Executive Vice-President of Business Development.

Patrick Haskell, Chairman and Co-CEO, said, "Steve Keating, Gene Davis, Tom Wolfe and Michael Furman provide Ecosphere with exceptional experience in the oil and gas sector, the water filtration field, the auditing process, financial markets, and compliance. These individuals will be instrumental in helping Ecosphere Technologies reach its near and long-term goals."

J.C. "Jim" Rushing, Barry Hechtman, and Floyd Farleigh recently resigned from the Board to make room for these new additions. Mr. Haskell said, "On behalf of the Board of Directors and shareholders of Ecosphere Technologies, Inc., I would like to thank Jim, Barry, and Floyd for their Board service over the years. We would not be where we are today without their dedication and loyalty to Ecosphere."

Gene H. Davis is a Vice President and General Manger, Denver Division, of NFR Energy, LLC, a privately funded oil and gas exploration and production company with assets in East Texas and Montana. Mr. Davis has managed annual lease acquisition and drilling budgets in excess of $75 million and has been involved in the drilling and completion of more than 1,500 wells in his 30-year career in the oil and gas business.

D. Stephen Keating's career includes spending the past 20 years with CA, Inc. where he was most recently the Vice President, Worldwide Taxes. Mr. Keating helped negotiate and implement global tax policies, while also negotiating with global tax authorities on behalf of CA.

Mr. Tom Wolfe most recently served as the Chief Technical Officer and Senior VP for R&D for Open Energy Corp (OEGY) which had acquired WaterEye Corporation, a web-based remote technology and monitoring services company for water treatment operations on a worldwide basis. Mr. Wolfe was the founder and President/CEO of WaterEye.

Mr. Wolfe has extensive experience with reverse osmosis and thermal processes for water production and expertise in the design of industrial systems for products such as silica, sodium chloride, ammonium sulfate, and calcium salts. In the membrane field, Mr. Wolfe has made many contributions to the technology. He is one of the pioneers in the reverse osmosis field and participated in many of the innovations, which have made reverse osmosis a commercial product.

Michael Furman was appointed Executive Vice President in charge of business development in August 2008. Mr. Furman is a former Managing Director at HSBC and Credit Suisse, where he was the Co-Head of US Interest Rate Sales. From 1988 through March 2005, he was employed by Credit Suisse First Boston, now known as Credit Suisse. From 2000 until 2005, Mr. Furman was Managing Director and Co-Head of US Rates Sales. From March 2005 through December 2006, he was Managing Director and Co-Head of US Rate Sales at HSBC. Since March 2007, Mike has served as a Principal with Powelton Capital Management, a financial services firm based in Manhattan, where his responsibilities included capital raising, sales, customer relations, and portfolio management.

MKTY: MTI Applies for Transfer to the Nasdaq Capital Market
Aug 26, 2008 4:15:00 PM
Copyright Business Wire 2008

Mechanical Technology, Incorporated ("MTI" or "the Company") (NASDAQ: MKTY) today announced that it has applied to transfer its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market. The Company no longer meets the continued listing standards for the Nasdaq Global Market because, as reported in its Quarterly Report on Form 10-Q for the period ended June 30, 2008, the Company no longer satisfies the $10 million minimum stockholders' equity requirement set forth in Marketplace Rule 4450(a)(3).

The Company received a Staff Deficiency Letter from the Nasdaq Stock Market regarding its failure to meet this minimum stockholders' equity requirement on August 20, 2008. After evaluating the letter, the Company determined that at this time it was more advantageous to pursue a transfer to the Nasdaq Capital Market than attempting to maintain its listing on the Nasdaq Global Market.