ATWEC BEGINS AUDIT OF COMPANY FINANCIALS

MEMPHIS, TN – Aug 02, 2006 (MARKET WIRE via COMTEX) – ATWEC Technologies, Inc. (ATWT) Board of Directors has voted to begin a complete audit of company financials. Rotenberg and Company, of Rochester, NY, has been hired to perform accounting services for the Company, and will immediately begin auditing the financial statements for fiscal years 2002-2005. "This audit will enhance dissemination of the company's financial records to our shareholders and potential new investors, and, importantly, we are setting the stage to file application for the OTC QX. Our current corporate attorney will be working diligently to represent us in this process with the pink sheets, and we are very proud to have such a well-respected firm moving the process along quickly. We now have the right combination of great counsel and an impeccable accounting firm to face the rigorous responsibility of becoming a reporting company. Our goal is to become a fully reporting company on the OTC BB in the near future. This decision only further demonstrates our ongoing efforts to be fully transparent to the investment community,” said President/CEO Alex T. Wiley. More information on ATWEC Technologies can be found on the Company's website. www.atwec.com
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