Aerofoam Metals announces case of mistaken identity resolved and clarified

    MISSISSAUGA, ON, Aug. 4 /CNW/ - Aerofoam Metals Inc. (OTC: AFML)
( announced today its case of mistaken identity has
been resolved and clarified by the SEC on Friday August 3, 2007 by the
Division of Enforcement moving to amend the Order in Proceedings - originally
generated from Order of Suspension Of Trading dated June 13, 2007 - striking
Aerofoam Metals from the caption and all allegations about Aerofoam Metals in
the Order in Proceedings. This motion to amend was based on new facts being
revealed to the Division after the OIP on June 13, 2007 was initiated that
Aerofoam Metals is not the successor to Tam Restaurants Inc.
    "We are thankful that this matter was handled as expeditiously as
possible by the SEC. We have greatly appreciated the support from those
shareholders and strategic partners during the period and we are all working
very hard to fulfill everyone's expectations" said Paul Colacci, President and
Head of Product Development.

    About Aerofoam Metals
    Aerofoam produces a highly unique product, known as Aerometal(TM) which
has a myriad of final application uses in any industry, being a possible
substitute for any other metals, wood or plastic. Aerofoam's process allows it
to produce simple applications as well as complex 3D forms which are required
in the automotive, defense, and aerospace industries.
    Products made from Aerometal(TM) maintain the physical characteristics of
pure aluminum but at less density and weight. Product applications can be
customized for specific densities as required and enables the use of
Aerometal(TM) as a preferred material because of the properties of aluminum.
    Products made from Aerometal(TM) offer substantial material benefits such
as strength, durability, water resistance, energy/impact/blast absorption,
resistance to mold, resistance to termites and rodents, ease of use, thermal
conductivity, and electromagnetic (EMI) shielding, to name a few.
    Aerofoam is marketing Aerometal(TM) on a global basis in a variety of
manufacturing and industrial sectors and customers to integrate the use of
Aerometal(TM) into a wide range of applications as well as interacting with
qualified candidates to establish territorial or product licensing

    Forward-Looking Statement

    Statements included in this press release which are not historical in
nature, are intended to be, and are hereby identified as "Forward Looking
Statements" for purposes of safe harbor provided by Section 21E of the
Securities Exchange Act of 1934, as amended. Forward Looking Statements may be
identified by words including "anticipate", "await", "envision", "foresee",
"aim at", "believe", "intends", "estimates" including without limitation,
those relating to the company's future business prospects, that are subject to
certain risks and uncertainties that could cause actual results to differ
materially from those indicated in the Forward Looking Statements. Readers are
directed to the company's filings with the U.S. Securities and Exchange
Commission for additional information and a presentation of the risks and
uncertainties that may affect the company's business and results of

For further information:

For further information: Investor Contact: Paul Colacci, President and
Head of Product Development, Aerofoam Metals, Inc., (905) 569-2376,

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