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Haber, Inc. To Begin Commercial Recovery of Precious Metals From Electronic Scrap and Gold Ores Using Environmentally Friendly Processing; Leases Industrial Facility in Wakefield, Mass.

Posted on: Wednesday, 2 August 2006, 12:00 CDT

Haber, Inc, (OTC: HABE), a Massachusetts based company with proprietary technology for the environmentally friendly processing of electronic scrap (e-scrap) and precious metal bearing ores, announced today that it has signed a lease agreement for a 3,000 square foot industrial building located in Wakefield, Mass., to begin pilot/commercial operations using its precious metals recovery technologies.

Haber plans to install one precious metals recovery line that will be capable of processing both electronic scrap and gold ore. This small-scale facility will allow the Company to begin production operations on various precious metal bearing materials.

"This is the first of a new and revolutionary type of recycling business model," said Albert B. Conti, president and chief operating officer of Haber Inc. "Learning to optimize our unique operations in this small-scale facility is more focused and cost effective than beginning immediately with a large-scale plant."

There are numerous types of electronic scrap materials that need to be qualified for use with the Haber process and this facility will begin generating the data necessary for a planned scale-up to a larger facility in the United States. The proprietary hydrometallurgical extraction and recovery technology developed by Haber for e-scrap and gold ores requires that the established operating parameters for each type of material be confirmed under production conditions.

"This site will be used to evaluate our process flow configurations and confirm equipment specifications while, at the same time, recovering precious metals, producing various metal compounds and selling them through established sales channels," continued Conti. "Haber has made major advancements in its electronic scrap recovery process and is anxious to demonstrate the unique performance and the overwhelming economic advantages this technology offers when compared to competing recycling processes. Importantly, this facility also affords the Company additional time to weigh and evaluate a number of diverse business opportunities before committing to a larger permanent site location. We anticipate that revenues from batch lots will begin within the next 90 days."

About Haber, Inc.

Haber, Inc. is a high technology process development company with proprietary technologies in extractive metallurgy and electrochemical separations. These technologies include the company's Haber Gold Process (HGP), a chemical system discovered by Norman Haber, the chairman of the company, for the hydrometallurgical extraction of gold from its ores. The Haber Gold Process is both non-toxic and more efficient than conventional solvents such as cyanide. This technology accelerates the gold extraction rate and may increase gold recovery from its ores by a substantial factor. The company's Electromolecular Propulsion (EMP) technology is an electrochemical process that enables the electrically controlled movement or positioning of a variety of different molecules. It is distinguished from the techniques of electrophoresis and chromatography by its wide variety of potential applications and the greater speed and control of the results. For more information, call Peter R. D'Angelo (781) 643-2727, or visit the company's website at http://www.habercorp.com.

Safe Harbor Statement

Any statements contained herein that are not historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, and involve risks and uncertainties. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance and underlying assumptions. These statements are subject to uncertainties and risks including, but not limited to, economic conditions, the impact of competition and pricing, government regulation, and other risks. All forward-looking statements made by or on behalf of the Company are qualified. The Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

Source: Business Wire

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