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Amerityre Corporation Announces Going Concern Opinion per Nasdaq Rule 5250(b)(2)

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BOULDER CITY, Nev., Oct. 5 /PRNewswire-FirstCall/ -- Amerityre Corporation (Nasdaq: AMTY) today announced, as required by Nasdaq Marketplace Rule 5250(b)(2), that its previously filed consolidated financial statements for the fiscal year ended June 30, 2009, included in the Company's Annual Report on Form 10-K filed with the Securities and Exchange Commission on September 28, 2009, contained a going concern qualification from its independent registered public accounting firm. Nasdaq Marketplace Rule 5250(b)(2) requires separate public disclosure of a previously issued audit opinion that contains a going concern qualification. This announcement does not represent any change or amendment to the Company's fiscal year 2009 financial statements or to its Annual Report on Form 10-K.

For more information on Amerityre, visit its website at www.amerityre.com

This release may contain statements that are forward-looking. Such statements, including those related to the prospects for and/or the benefits of Amerityre's technology, materials, license and/or development agreements are made based upon current expectations that are subject to risks and uncertainties. Such risks and uncertainties include the factors discussed in our Annual Report on Form 10-K for the year ended June 30, 2009, as well as Forms 10-Q and other filings with the Securities and Exchange Commission. Amerityre does not undertake to update forward-looking statements in this news release to reflect actual results of and changes in assumptions or changes in other factors affecting such forward-looking information.

Contact: Amerityre Corporation Mike Kapral CEO and President mkapral@amerityre.com Anders Suarez Chief Financial Officer asuarez@amerityre.com

SOURCE Amerityre Corporation

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