David M. Flaum Joins Torvec's Board

ROCHESTER, N.Y., Aug. 21, 2006 -- Torvec, Inc. announced today that David M. Flaum has joined the company's board of directors.

Mr. Flaum is a Rochester, New York leading real estate developer. In 1985, he founded Flaum Management Co., Inc., a full service regional real estate development and property management firm. Mr. Flaum is noted for developing retail centers, office buildings, advanced or high technology facilities, call centers, redevelopment projects and commercial land in the northeastern United States. Flaum Management Company has developed particular expertise in redeveloping difficult or troubled properties, often adding hundreds of jobs to upstate communities.

Mr. Flaum is a founding board member of US LEC Corp. He serves on the board of U.S. Telepacific Corp. and is a member of the Board of Trustees of Syracuse University, serving on its Executive, Facilities and Academic committees. He is a member of the Facilities committee of the University of Rochester's Medical Center and Eye Institute.

Recently, Mr. Flaum was appointed by President Bush as the Finance Committee Chairman of the U.S. Holocaust Museum Council.

Mr. Flaum has received numerous awards over the years in recognition of his contributions to his community, philanthropy and for his business acumen.

Upon becoming a board member, Mr. Flaum commented:

"I am very excited about the technology that Torvec possesses. It has the ability to solve major energy issues facing us today, such as fuel consumption and conservation, safety and the protection of the environment."

James Y. Gleasman, Torvec's chief executive officer, welcomed Mr. Flaum to the board:

"Mr. Flaum brings extraordinary value and a wealth of business experience to Torvec. His presence will strengthen considerably the many exciting ventures we have embarked upon to commercialize our products by reducing American dependence on Middle East oil, enhancing automotive safety and counteracting automotive-generated pollutants."

About Torvec, Inc.

Torvec, Inc., based in Rochester, New York, develops advanced automotive technologies that increase transportation safety, mobility, fuel efficiency and reduce soot emissions. Torvec owns the technologies for an Infinitely Variable Transmission that reduces diesel soot emissions, a Fast Tracked Vehicle (FTV(TM)) that goes where no 4x4 can, novel designs of hydraulic pumps and constant velocity joints, and Ice Technology to increase tire traction on ice and de-ice windshields. Torvec's founders invented the famous Torsen(R) differential used in high-performance vehicles. To learn more about Torvec's many technologies and view a video of its FTV(TM), visit http://www.torvec.com/.

This news release contains forward-looking statements that are based on current expectations, estimates and projections about the company and its plans for future operation, as well as management's beliefs and assumptions. Words such as "expects," "anticipates," intends," "plans," "believes," "seeks," "estimates," and variations of such words and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The company undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.