Airtrax - 'Reinvention of the Wheel' to Be Featured Today 4:00 - 5:00 PM ET on CNBC

Airtrax - 'Reinvention of the Wheel' to Be Featured Today 4:00 - 5:00 PM ET on CNBC

HAMMONTON, N.J., April 22 /PRNewswire-FirstCall/ -- Airtrax, Inc. (BULLETIN BOARD: AITX) , a developer of patented, Omni-Directional Technology with military and commercial applications, announced that the story behind the Airtrax "Reinvention of the Wheel(TM)" will be featured today on the Closing Bell Show on CNBC with Maria Bartiromo and Tyler Mathisen from 4:00 to 5:00 pm Eastern Time. Mike Hegedus, host of the "Out of the Box" show on Squawkbox, filmed and interviewed the Company's management and engineering team about the reinvented wheel and personally drove and tested the Airtrax Sidewinder(TM) Omni-Directional Lift Truck that uses the "reinvented wheel."

(Photo: http://www.newscom.com/cgi-bin/prnh/20040824/PHTU001-b )

The story focuses on the 10-year development history of the Airtrax wheel, the innovation behind its unique design and function, the manufacture of the wheels by Timken (NYSE:TKR) and the Company's goal to revolutionize the materials handling industry. The Airtrax omni-directional wheel differs from the traditional wheel, which allows vehicles to travel either forwards or backwards. The Airtrax reinvented wheel allows the vehicle to travel in any direction forward, backwards, sideways or any direction at all. Because each wheel operates independently, the lift truck, which is controlled by a joystick, can be easily moved in any direction and can even be rotated 360 degrees in its own footprint just by twisting the joystick. The ease of maneuverability provided by the Airtrax control system and wheels reduces driver fatigue. Depending upon the application, the Sidewinder can increase the storage capacity of a warehouse from 20 to 30 percent.

About Airtrax, Inc.

A U.S.-based developer of omni-directional technology, Airtrax designs and manufactures omni-directional vehicles. The Airtrax patented wheel was designed and developed by Airtrax after receiving a technology transfer from the US Navy in the form of a Cooperative Research and Development Agreement (CRADA).

The SIDEWINDER(TM) Omni-Directional Lift Truck and the Airtrax-MEC Cobra(TM) aerial work platform (AWP) are the first omni-directional vehicles using omni-directional technology and the patented Airtrax wheel to be commercially produced. The nearly maintenance-free design also reduces maintenance costs, delivering cost efficiencies to companies both large and small. The Airtrax patented Omni-Directional wheel is manufactured exclusively for Airtrax vehicles. For more information and to view a must-see product demonstration, visit http://www.airtrax.com/.

The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor" for forward-looking statements. Certain of the statements contained herein, which are not historical facts, are forward-looking statements with respect to events, the occurrence of which involved risks and uncertainties. These forward-looking statements may be impacted, either positively or negatively, by various factors. Information concerning potential factors that could affect the company is detailed from time to time in the company's reports filed with the Securities and Exchange Commission.

For more information, contact: Russ Huntley (201) 824-0117 rgnh@optonline.net

U.S. Investor Relations: OTC Financial Network Gary Geraci 617-723-2373 http://www.otcfn.com/aitxgaryg@otcfn.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20040824/PHTU001-b AP Archive: http://photoarchive.ap.org PRN Photo Desk; photodesk@prnewswire.com

Source: Airtrax, Inc.

CONTACT: Russ Huntley, +1-201-824-0117, rgnh@optonline.net; or U.S. Investor Relations: OTC Financial Network: Gary Geraci, +1-617-723-2373, garyg@otcfn.com, both for Airtrax

Web site: http://www.airtrax.com/ http://www.otcfn.com/aitx

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