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Adama Technologies’ Board of Directors Authorizes Stock Buyback

August 31, 2010

NEW YORK, August 31, 2010 /PRNewswire-FirstCall/ — Adama Technologies
Corporation (OTCBB:ADAC), a clean tech company dedicated to brownfield
remediation with a licensed, patented and proven technology (MBS), today
announced that the Board of Directors has authorized the company to
repurchase up to 20 million shares of the Company’s common stock at a price
of up to $0.035 per share.

The share repurchases will be made through the open market through
unsolicited or solicited privately negotiated transactions. The purchases
will be funded with the company’s available cash and a bridge loan, should it
become necessary to secure this type of loan.

The timing of purchases will be determined by Adama’s Board of Directors,
who will base their decisions on stock price, corporate and regulatory
requirements, capital availability and other market conditions. The stock
purchased through the buyback will be held as treasury shares and might be
used for general corporate purposes, including reissuances in connection with
acquisitions, employee stock options plans and other issues which would
advance the Company’s mission.

“We are thoroughly committed to our shareholders and to growing Adama
into an internationally recognized environmental remediation company,
exploiting our technology while allowing for viable, clean and sustainable
options for government agencies and private sectors entities,” stated Aviram
Malik
, CEO.

About Adama Technologies Corporation

Adama is a Brownfield remediation company whose foundation lies in its
patented technology. The technology successfully treats all metals within the
Resource and Recovery Act (RCRA) and Universal Treatment Standards (UTS). The
technology has successfully completed the U.S. (EPA) “SITE” program and is
ready for commercial use. For further information, visit:
http://www.adama-tech.com.

Safe Harbor Statement

This release includes forward looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. The statements involve
a number of known and unknown risks and uncertainties that may cause actual
results or outcomes to be materially different from those anticipated or
discussed herein.

    Contact:
    Aviram Malik
    +972-544459292
    aviram@adama-tech.com

SOURCE Adama Technology Corp.


Source: newswire



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