Concern about Fuel Efficiency and Energy Independence Drive Interest in the Scuderi Group’s Air-Hybrid Engine

Development of Gas and Diesel Prototypes Moving Forward; Company Secures Additional Patents in Key Global Markets; Private Funding Approaches $15 million

WEST SPRINGFIELD, Mass.–(BUSINESS WIRE)–Aug. 15, 2006–Driven by ongoing concern about fuel efficiency and energy independence, The Scuderi Group announced today that they are seeing tremendous interest in their breakthrough internal combustion engine from investors and potential licensees around the world. The company also announced that they are making significant progress in the development of gas and diesel prototypes of the air hybrid engine as well as numerous other business initiatives.

Every day it becomes more apparent that the energy crisis facing the United States is a long-term problem with no easy fixes. The increasing need for hybrid technologies and alternative fuels is driving tremendous private sector investment into research and development. The Scuderi Group strongly believes today’s private sector development will eventually reduce our dependence on foreign sources of energy.

“Scuderi’s contribution towards energy independence will dramatically improve the overall efficiency of the internal combustion engine. We are moving forward on several tracks, including building gas and diesel prototypes of our air-hybrid engine, which are expected to be completed by late 2007. Our fundraising campaign has been a major success, and we continue to protect our intellectual property and engineering breakthroughs through the aggressive acquisition of global patents. This is an exciting time for the company, and we are very pleased to provide this update on our business today,” said Sal Scuderi, president of The Scuderi Group.

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