Amerityre to Present at Gabelli Automotive Aftermarket Symposium

BOULDER CITY, Nev., Oct. 23, 2006 -- Amerityre Corporation , a leading developer of polyurethane elastomer tire technologies, announced today that its management will be presenting at the 30th Annual Gabelli Automotive Aftermarket Symposium, which is being held at The Mirage Hotel in Las Vegas, October 30 through November 1, 2006. Gabelli & Company, Inc., a leading institutional research and brokerage firm, is a subsidiary of GAMCO Investors Inc.

Amerityre's presentation will be webcast from 9:00 AM - 9:30 AM, Wednesday, November 1, 2006. The webcast link is: http://www.wsw.com/webcast/gabelli15/amty.ob.

"We are looking forward to presenting at the Gabelli & Company Symposium. We intend to provide attendees with a brief overview of our polyurethane technology and then expand on the potential market opportunities for our technology. We feel that we're well positioned to capitalize on favorable industry dynamics and some of the immediate opportunities within the tire industry," commented Ken Johnsen, Amerityre's President.

About Amerityre

Amerityre is engaged in the development of revolutionary new polyurethane elastomer tire technologies. Amerityre's technologies are currently focused on four additional major tire segments: 1) retreads for medium commercial truck, industrial and off-the-road tires; 2) passenger car and light truck tires 3) special trailer tires with "run-flat" capabilities; and 4) solid industrial tires. Amerityre is commercializing its technologies through licensing agreements with strategic partners, co-development projects and the sale of equipment and its proprietary chemical formulations.

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

This release may contain statements that are forward-looking. Such statements are made based upon current expectations that are subject to risks and uncertainties. Such risks and uncertainties include the factors discussed in our Annual Report on Form 10-K for the year ended June 30, 2006 and other filings with the Securities and Exchange Commission. Amerityre does not undertake to update forward-looking statements in this news release to reflect actual results of and changes in assumptions or changes in other factors affecting such forward-looking information.

  Company Contact:                          CCG Contact:
  Elliott N. Taylor                         Sean Collins, Senior Partner
  entaylor@amerityre.com                    (310) 477-9800
  (702) 293-1930 x113