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Patent Office Allows Patent Application for Run Flat Tire



BOULDER CITY, Nev., Oct. 2, 2003 -- Amerityre Corporation (BULLETIN BOARD: AMTY) announced today that it has recently received notice from the U.S. Patent and Trademark Office that its patent application for its "Run Flat Tire with an Elastomeric Inner Support" has been allowed with 11 claims.

"The allowance of the application is signification because most of the tire companies today are trying to establish a 'run flat' system," said Richard Steinke, Amerityre's CEO. "This design will carry the load well beyond the 50 miles currently targeted by the industry," he added.

Mr. Steinke further stated, "Two years ago we developed 'air-no air' automobile tires that we drove for over 500 miles with zero air pressure and several holes in them. We have been building on that technology to create both a 'run flat' system that operates with existing pneumatic tires as well as developing an 'air-no air' tire without mechanical assistance. This technology is a quantum leap from the technology we use to make the Flatfree(TM) low-duty tires for bicycles and golf cars. Those tires are made from closed-cell polyurethane foam using other patented technologies we have developed. All of our products are made from polyurethanes and we are now working at a rapid pace to implement new products utilizing the 'run flat' technology."

Snides Remarks: After talking to a member of the Amerityre management team, I believe that there is a lot more to this story than "run-flat"...if things are what they seem to be, this company is sitting on the future of the auto tire.

Instead of multi-ply rubber tires with steel reinforcement, the tire of the future will be a monolithic urethane tire with poly-glas beads and reinforcement resulting in a more ecologically friendly product and a tire that is substantially cheaper to manufacturer thus cheaper for the consumer.

The more affordable the tire the more apt consumers will be to put new tires on their cars when they are needed...saving lives and effecting insurance rates.

I Milton Snide will have more on this in the coming weeks. In the meantime I am calling my stock broker...see you on the beach.

Look for Snide’s remarks at the bottom (or sometimes top) of news releases published on The Auto Channel…enjoy.

For those of you that would like to send complements or catcalls, you can reach Milton msnide@theautochannel.com

For more information on Amerityre, visit its website at www.amerityre.com .