Humatech Files its Fiscal 2005 Form 10-K, Reporting Higher Revenues

Mesa, Arizona, UNITED STATES


MESA, Ariz., May 9, 2006 (PRIMEZONE) -- Humatech, Inc. (Pink Sheets:HUMT) today said it had filed with the SEC its Form 10-K for the 2005 fiscal year, and that its revenues were higher than in the company's year earlier period.

For the year ended April 30, 2005, Humatech's revenues of $720,765 were up 161% compared with revenues of $275,918 in fiscal 2004. Gross profit for the 12 month period was $195,860, compared with a loss of $39,074 in the 2004 fiscal year.

Net loss for the 2005 fiscal year totaled $1,031,686, down 45% from the fiscal 2004 loss of $1,879,589.

Net loss per share, with weighted average basic and fully diluted shares totaling 31,913,473, amounted to $0.03 for the 2005 fiscal year, compared with a loss of $0.08 per share in fiscal 2004 when weighted average basic and fully diluted shares outstanding totaled 23,015,785.

The company said that in fiscal 2005 sales of its animal feed supplements accounted for approximately 92% of total sales for the year. Its fertilizer division accounted for some 8% of total sales.

Management indicated that it intends to file the three Form 10-QSB reports covering the fiscal 2006 year through January 31, 2006 as soon as the auditors finish each quarterly review in order to become current in its filings and reapply to the OTC Bulletin Board to resume trading on that exchange as soon as possible. The company said it expects to file its Form 10-K report covering the fiscal 2006 year ended April 30, 2006 by the end of July.

Humatech, Inc. manufactures all natural nutrient solutions for plants and animals, produced from a proprietary process described as "Iso-Molecular" technology. The company markets Promax(r) to the animal feed industry in several countries, and also has an agricultural product line, which it markets in the USA and Europe, as well as its newly developed Organic Advantage(r) retail product line, which consists of 12 organic based liquid products ranging in size from a 4oz. Planting Solution, to a 2 1/2 gallon Lawn Food.

Certain information contained in this news release may include forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. While these statements are made to convey the company's progress, business opportunities and growth prospects, readers are cautioned that such forward looking statements represent management's opinion. Actual company results may differ materially from those described. The company's operations and business prospects are always subject to risk and uncertainties. A more extensive listing of risks and factors that may affect the business prospects of the company and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the company with the Securities and Exchange Commission.

For additional information regarding the company, and its product lines, please visit http://www.humatech.com .


        

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