UTEC Inc. Announces Intention to File for Over the Counter Bulletin Board (OTC-BB) Listing in First Quarter of 2008

UTEC Inc. Announces Intention to File for Over the Counter Bulletin Board (OTC-BB) Listing in First Quarter of 2008

Dr. Fortunato Villamagna, Ph. D., CEO of UTEC Inc. to be Interviewed Live Thursday and Friday on National Radio.

LAS VEGAS, Dec. 4 /PRNewswire-FirstCall/ -- UTEC INC. Dr. Fortunato Villamagna, Ph. D., CEO of UTEC INC., announced UTEC's intention to file for Over the Counter Bulletin Board (OTC-BB) Listing. UTEC has retained Cole & Reed P.C. (http://www.coleandreed.com/profile.html) to audit its current Sept 30th, 2007 financials. Further UTEC (UTEI.PK) has retained a Broker-Dealer to provide assistance with the necessary NASD and SEC filings.

ABOUT COLE & REED

Cole & Reed's team of professionals has extensive experience in all facets of Public Company audit, income tax planning and preparation, international tax matters, accounting and assurance services, and comprehensive business consulting services.

Cole & Reed, P.C. joined the RSM McGladrey Network, the national accounting firm association of RSM McGladrey, Inc. RSM McGladrey, working with McGladrey & Pullen, LLP, serves clients' needs from more than one hundred offices nationwide. Working together, these two separate organizations are the sixth largest provider of accounting, tax, and consulting services in the U.S.

UTEC To be Profiled on National Broadcast

Dr. Fortunato Villamagna, Ph. D., CEO of UTEC Inc. to be Interviewed live Thursday on the Bill Chippas Financial show broadcast on WPSL 1590 from Port St. Livey at 6:30 PM EST, and carried on its affiliates. The Interview will be also broadcast on their internet site http://www.billchippasshow.com/.

Dr. Fortunato Villamagna will also be interviewed Friday on http://www.crnradio.com/ and its 500 affiliates between 6-8 o'clock Pacific Time and its 500 affiliates on the Corporate Strategies segment hosted by Tom Connolly.

"Safe Harbor" Statement: Under The Private Securities Litigation Reform Act of 1995: The statements in the press release that relate to the company's expectations with regard to the future impact on the company's results from new products in development are forward-looking statements, within the meaning of the Private Securities Litigation Reform Act of 1995. Since this information may contain statements that involve risk and uncertainties and are subject to change at any time, the company's actual results may differ materially from expected results.

First Call Analyst:
FCMN Contact:

Source: UTEC Inc.

CONTACT: Wannigan Capital, +1-253-973-7135

Web site:

http://www.billchippasshow.com/
http://www.crnradio.com/
http://www.coleandreed.com/profile.html

-------
Profile: intent