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ATCO Receives Private Placement

San Diego-based American Technology Corp. announced an agreement to raise some $9.5 million through the private sale of common stock and warrants to institutional investors.

American Technology plans to use the funding for the marketing, sales and delivery of its directed sound products and long-range acoustic devices.

The agreement provides for the issuance of 4.8 million shares of common stock and warrants for the purchase of up to 1.9 million shares. The common stock shares will be issued at $1.95 and the warrants have an exercise price of $2.67 per share.

The warrants will be exercisable six months after issuance and could generate proceeds of up to $5.2 million.

American Technology’s offering is available strictly to institutional investors. Iroquois Capital and Special Situations, both of

New York City, participated in the company’s July 2005 financing and will spearhead the new offering.

American Technology Corp. is traded on the Nasdaq under the ticker symbol ATCO and closed on Aug. 7 at $2.30, up 7 cents from the Aug. 4 close.

, Andy Killion

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