Adama Technologies Reports on Advanced Negotiations to Merge With Privately-Held Clean Tech Enterprise

NEW YORK, August 24, 2010 /PRNewswire-FirstCall/ -- Adama Technolgies Corporation - (OTC BB:ADAC) a clean tech company specifically dedicated to brownfield remediation with a License of patented and proven technology, today announced that they entered into negotiation with a privately-held clean tech company based in Israel. The Company holds approximately $4 million in assets and expects to generate revenue of approximately $10 million in 2011.

This merger would provide Adama a host of benefits including: increased cash flow, revenue, a broadened product portfolio and access to their existing and growing client base.

"The negotiations with a company with this magnitude of business, revenue and potential, represents an enormous leap forward for Adama. We hope to enter the Letter of Intent stage in the up coming weeks at which time we will be able to release more information concerning the Merger itself and the Company involved. With adding this merger to Adama revenue projection of $8 million in 2011, as the company pilot plan with the IEPA in its last stages, we are fully cognizant of the impact of this type of merger on our Company and its shareholders," stated Aviram Malik, CEO.

About Adama Technologies Corporation

Adama is a brownfield remediation company whose foundation lies in its patented technology. The Technology successfully treats all Resource and Recovery Act (RCRA) and Universal Treatment Standards (UTS) metals. The Technology has successfully completed the U.S. (EPA) "SITE" program and is ready for commercial use. For further information, visit: http://www.adama-tech.com.

Safe Harbor Statement

This release includes forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The statements involve a number of known and unknown risks and uncertainties that may cause actual results or outcomes to be materially different from those anticipated or discussed herein.

    Contact:

    Aviram Malik
    +972-54-4459292
    [email protected]

SOURCE Adama Technology Corp.