<SUBMISSION>
<ACCESSION-NUMBER>0001179350-07-000001
<TYPE>8-K
<PUBLIC-DOCUMENT-COUNT>3
<PERIOD>20060117
<ITEMS>5.02
<ITEMS>8.01
<ITEMS>9.01
<FILING-DATE>20070117
<DATE-OF-FILING-DATE-CHANGE>20070117
<FILER>
<COMPANY-DATA>
<CONFORMED-NAME>AMERITYRE CORP
<CIK>0000945828
<ASSIGNED-SIC>3011
<IRS-NUMBER>870535207
<STATE-OF-INCORPORATION>NV
<FISCAL-YEAR-END>0630
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>8-K
<ACT>34
<FILE-NUMBER>000-50053
<FILM-NUMBER>07534363
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>1501 INDUSTRIAL ROAD
<CITY>BOULDER CITY
<STATE>NV
<ZIP>89005
<PHONE>7022931930
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>1501 INDUSTRIAL ROAD
<CITY>BOULDER CITY
<STATE>NV
<ZIP>89005
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>AMERICAN TIRE CORP
<DATE-CHANGED>19951117
</FORMER-COMPANY>
</FILER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>amty07jan17form8kfinal.htm
<DESCRIPTION>AMTY FORM 8K 1-17-07
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>SECURITIES AND EXCHANGE COMMISSION</TITLE>
<META NAME="author" CONTENT="User">
<META NAME="date" CONTENT="01/17/2007">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>SECURITIES AND EXCHANGE COMMISSION</B></P>
<P style="margin:0px" align=center>Washington, D.C. &nbsp;20549</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>FORM 8-K</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><B>CURRENT REPORT</B></P>
<P style="margin:0px" align=center>Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>Date of Report (Date of earliest event reported): <B>January 15, 2007</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:24px; margin:0px; font-size:21.333px" align=center><U>AMERITYRE CORPORATION</U></P>
<P style="margin:0px" align=center>(Exact name of registrant as specified in its charter)</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<TABLE style="font-size:13.333px" cellspacing=0><TR><TD width=212.8></TD><TD width=212.8></TD><TD width=212.8></TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0px" align=center><B><U>NEVADA</U></B></P>
</TD><TD valign=top width=212.8><P style="margin:0px" align=center><B><U>000-50053</U></B></P>
</TD><TD valign=top width=212.8><P style="margin:0px" align=center><B><U>87-0535207</U></B></P>
</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0px" align=center>(State or other jurisdiction</P>
</TD><TD valign=top width=212.8><P style="margin:0px" align=center>(Commission File Number)</P>
</TD><TD valign=top width=212.8><P style="margin:0px" align=center>(IRS Employer ID No.)</P>
</TD></TR>
<TR><TD valign=top width=212.8><P style="margin:0px" align=center>of incorporation)</P>
</TD><TD valign=top width=212.8><P style="font-size:2pt">&nbsp;</P></TD><TD valign=top width=212.8><P style="font-size:2pt">&nbsp;</P></TD></TR>
</TABLE>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center><B><U>1501 Industrial Road, Boulder City, Nevada &nbsp;89005</U></B></P>
<P style="margin:0px" align=center>(Address of principal executive office)</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center>Registrant's telephone number, including area code<B>: <U>(702) 294-2689</U></B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px" align=center>Copies to:</P>
<P style="margin:0px" align=center>John C. Thompson, Esq.</P>
<P style="margin:0px" align=center>John C. Thompson, LLC</P>
<P style="margin:0px" align=center>1371 East 2100 South, #202</P>
<P style="margin:0px" align=center>Salt Lake City, Utah 84105</P>
<P style="margin:0px" align=center>Phone: (801) 363-4854</P>
<P style="margin:0px" align=center>Fax: (801) 606-2855</P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px" align=center><BR></P>
<P style="margin:0px">Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>
<P style="margin:0px">[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>
<P style="margin:0px">[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>
<P style="margin:0px">[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px">Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">On January 17, 2007, Amerityre Corporation (the &#147;Company&#148;) announced the Company&#146;s Board of Directors has established a transition plan for the replacement of Amerityre&#146;s current Chairman and Chief Executive Officer, Richard Steinke. Mr. Steinke will step down as Chairman and Chief Executive Officer effective October 1, 2007. Upon stepping down as Chairman and Chief Executive Officer, Mr. Steinke will become a full-time technology consultant to the Company and work on specific projects designated by the Company. The terms for Mr. Steinke&#146;s consulting agreement will be negotiated prior to his stepping down.</P>
<P style="margin:0px">&nbsp;&nbsp;</P>
<P style="margin:0px">The search for a new Chief Executive Officer will be headed by Kenneth C. Johnsen, who was unanimously reappointed to the Board of Directors. &nbsp;In connection with his reappointment to the Board of Directors, Mr. Johnsen resigned as the Company&#146;s President. In addition to leading the search for a new Chief Executive Officer, Mr. Johnsen will be responsible for promptly concluding a consulting agreement with Mr. Steinke and will continue to work directly with Mr. Steinke as a consultant in advancing Amerityre&#146;s business strategies and completing key projects.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">In connection with Mr. Johnsen&#146;s tenure as President, the Board of Directors authorized a grant to Mr. Johnsen of 25,000 shares of the Company&#146;s restricted common stock valued at $3.55 per share and granted him an option to acquire an additional 25,000 shares at an exercise price of $3.55 per share for a term of three (3) years &nbsp;Mr. Johnsen was receiving $500 per day for his services as President. &nbsp;Effective on his reappointment to the Board, Mr. Johnsen will receive his pro-rata share of annual board compensation &nbsp;for service through November 2007.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Mr. Johnsen, age 48, currently serves as a member of the board of directors of Joy Global, Inc., Milwaukee, Wisconsin, a worldwide leader in manufacturing, servicing and distributing equipment for surface and underground mining. &nbsp;Joy Global, Inc. is traded on the NASDAQ National Market under the symbol &#147;JOYG.&#148; From April 2001 to June 2005, Mr. Johnsen was a Director, President and Chief Executive Officer of Geneva Steel, Vineyard, Utah. &nbsp;Mr. Johnsen also served in various other capacities at Geneva Steel, including Executive Vice President, Secretary and General Counsel for the period between October 1991 and April 2001. &nbsp;Geneva Steel filed a voluntary petition for reorganization under Chapter 11 in 2002. &nbsp;Prior to joining Geneva, Mr. Johnsen was an attorney with Parr, Waddoups, Brown, Gee &amp; Loveless in Salt Lake City, Utah from 1986 to 1991. &nbsp;Mr. Johnsen earned a B.A. in Finance from Utah State University (1982), and a J.D. from Yale Law School in 1985.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Amerityre also announced that Elliott N. Taylor, the Company&#146;s Chief Administrative Officer, Executive Vice President, Secretary and General Counsel will return to the private practice of law and become the Company&#146;s outside legal counsel following a 30 to 60 day transition period. Mr. Taylor&#146;s executive and administrative duties &nbsp;will be assigned to &nbsp;new or current Amerityre executive officers</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The full text of the press release announcing the foregoing management changes is attached to this filing as an exhibit and incorporated herein by reference.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Item 8.01 Other Events</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">On January 17, 2007, Amerityre issued an update on Federal Motor Vehicle Safety Standard testing for its Arcus&#174; polyurethane elastomer run-flat passenger car tire. In addition, Amerityre provided an operational update on several of its technology initiatives. </P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">The full text of the press release announcing the foregoing operation update is attached to this filing as an exhibit and incorporated herein by reference.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Item 9.01 Financial Statements and Exhibits</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px">Exhibit 99.01</P>
<P style="margin:0px; text-indent:96px">Press release dated January 17, 2007 &#150; Amerityre Announces Senior Management Transition Plan</P>
<P style="margin:0px"><BR></P>
<P style="margin-top:0px; margin-bottom:-16px">Exhibit 99.02</P>
<P style="margin-top:0px; margin-bottom:-16px; text-indent:96px">Press release dated January 17, 2007 &#150; Amerityre Issues Update on FMVSS Testing for Run-Flat </P>
<P style="margin:0px; text-indent:624px">&nbsp;&nbsp;&nbsp;&nbsp;Tires</P>
<P style="margin:0px"><BR>
<BR></P>
<P style="margin:0px; page-break-before:always"><BR></P>
<P style="margin:0px; text-indent:48px" align=center><B>SIGNATURES</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunder duly authorized.</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">Dated: &nbsp;January 17, 2007</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><B>AMERITYRE CORPORATION</B></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px">By: /S/ Elliott N. Taylor</P>
<P style="margin:0px">Elliott N. Taylor</P>
<P style="margin:0px">Executive Vice-President and General Counsel</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>amty11707mangementtransition.htm
<DESCRIPTION>MANAGEMENT TRANSITION RELEASE 1-17-07
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Amerityre Corporation to Ring NASDAQ Closing Bell April 20</TITLE>
<META NAME="author" CONTENT="GeorgeN">
<META NAME="date" CONTENT="01/16/2007">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="line-height:21.333px; margin:0px; font-size:18.667px" align=center><B>Amerityre Announces Senior Management Transition Plan</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px" align=center><B>Company founder sees key projects as near completion</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px"><B>Boulder City, Nevada (January 17, 2007)</B> &#150; Amerityre Corporation (NASDAQ: AMTY), a leading developer of polyurethane elastomer tire technologies, today announced that the Company&#146;s Board of Directors has established a transition plan for the eventual replacement of Amerityre&#146;s current Chairman and Chief Executive Officer, Richard Steinke. Mr. Steinke is the founder of Amerityre and has led the development of its innovative polyurethane technologies since the Company&#146;s inception in 1995. &nbsp;Mr. Steinke intends to resign as Chairman and Chief Executive Officer on October 1, 2007.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">&#147;I have discussed transition plans with the Board for some time,&#148; said Mr. Steinke. &nbsp;&#147;However, I feel it is extremely important that I oversee completion of several key ongoing projects at the Company, while allowing adequate time to make an orderly transition. &nbsp;I believe that the Board and I have designed a transition plan that meets my objectives while also ensuring that Amerityre continues its exciting progress toward achieving its significant potential.&#148;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">Since August 2006, Kenneth C. Johnsen, a former member of Amerityre&#146;s Board of Directors, has served as President of the Company. On January 15, 2007, the Board unanimously re-appointed Mr. Johnsen to the Board, assigning to him the responsibility of leading the Company&#146;s search for a new CEO and supervising the transition process. In connection with his re-appointment to the Board of Directors, Mr. Johnsen has resigned as President. Mr. Johnsen will, however, continue to consult for the Company and work with Mr. Steinke in advancing Amerityre&#146;s business strategies and completing key ongoing projects. During the transition period, Mr. Steinke will resume the title of President.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">&#147;I am extremely confident that Richard is capable of spearheading completion of the key projects at hand while contributing to an orderly leadership transition over the next several months,&#148; said Mr. Johnsen. &nbsp;&#147;Among my responsibilities will be to ensure Amerityre&#146;s continued access to Richard&#146;s vision and technical knowledge on a consulting basis. &nbsp;I am also gratified that the Board has entrusted me with the job of leading the transition. I intend for the CEO search to be thoroughly objective and to involve the assistance of outside professionals. The other members of the Board will be kept fully apprised every step of the way.&#148;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">Amerityre also announced that Elliott N. Taylor, the Company&#146;s Chief Administrative Officer, Executive Vice President, Secretary and General Counsel will return to the private practice of law and become the Company&#146;s outside legal counsel following a 30 to 60 day transition period to allow Mr. Taylor&#146;s executive duties to be reassigned to Amerityre&#146;s other executive officers.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">&#147;We have asked Elliott to take on several responsibilities over the past 5 years. He has always been willing to do what is required and has worked diligently to carry out his duties. He is the consummate professional and has been core to the Company&#146;s operations. We&#146;re glad he will continue to be involved with the Company and provide us with advice as outside counsel,&#148; commented Mr. Steinke.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px"><B>About Amerityre</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">Amerityre is actively engaged in the development of revolutionary new polyurethane elastomer tire technologies. Amerityre is commercializing its technologies through licensing agreements with strategic partners, co-development projects and the sale of equipment and its proprietary chemical formulations. &nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">For more information on Amerityre, visit its website at <FONT COLOR=#0000FF><U>www.amerityre.com</U></FONT></P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px"><FONT COLOR=#000000><I>This release may contain statements that are forward-looking. Such statements, including those related to the prospects for and/or the benefits of Amerityre&#146;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, 2006, 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.</I></FONT></P>
<P style="margin:0px"><BR></P>
</DIV><DIV style="width:576px"><P style="line-height:17.333px; margin:0px; font-size:14.667px">Company Contact:</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">David P. Martin</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">dpmartin@amerityre.com</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">(702) 293-1930 x121</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">CCG Contact:</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">Sean Collins, Senior Partner</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">CCG Investor Relations and Strategic Communications</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">(310) 477-9800</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px" align=center># # #</P>
<P style="margin:0px" align=center><BR>
<BR></P>
</DIV></BODY>
</HTML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>amty11707operationupdaterele.htm
<DESCRIPTION>OPERATIONS UPDATE RELEASE 1-17-07
<TEXT>
<!doctype html public "-//IETF//DTD HTML//EN">
<HTML>
<HEAD>
<TITLE>Amerityre Corporation to Ring NASDAQ Closing Bell April 20</TITLE>
<META NAME="author" CONTENT="GeorgeN">
<META NAME="date" CONTENT="01/16/2007">
</HEAD>
<BODY style="line-height:12pt; font-family:Times New Roman; font-size:10pt; color:#000000">
<DIV style="width:624px"><P style="line-height:21.333px; margin:0px; font-size:18.667px" align=center><B>Amerityre Issues Update on FMVSS Testing for Run-Flat Tires</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px" align=center><B>Also provides operational updates on several technology initiatives</B></P>
<P style="margin:0px" align=center><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px"><B>Boulder City, Nevada (January 17, 2007)</B> &#150; Amerityre Corporation (NASDAQ: AMTY), a leading developer of polyurethane elastomer tire technologies, today announced that it has successfully completed significant portions of the pending FMVSS 139 safety standard testing on its Arcus&#174; run-flat tire design. </P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">Successfully completed components of the testing to date include bead unseating, tire strength and the strenuous high speed component. &nbsp;The Company is now working on the remaining endurance component of the testing protocol and management believes that it is on track to complete that testing successfully. &nbsp;&#147;Passing FMVSS testing on the run-flat passenger car tire design is a high priority for our company and serves as the foundation for completing our development of the run-flat trailer tire,&#148; commented Richard A Steinke, Amerityre&#146;s founder, Chairman and Chief Executive Officer.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">&#147;Over the past few months Richard and the rest of the Amerityre team have made steady progress on several projects that are key to Amerityre&#146;s business prospects, including the significant progress on the FMVSS 139 testing the Company is announcing today&#148; commented Ken Johnsen, a member of the Company&#146;s Board of Directors. </P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">&#147;Since we signed a license agreement in September 2006 with Qingdao Qizhou Rubber Company, Qingdao has begun construction of its facility to begin using our polyurethane elastomer material to start retreading off-the-road (OTR) tires,&#148; Mr. Steinke reported. &nbsp;&#147;Dr. Gary Benninger, our Chief Operating Officer, is currently in China inspecting Qingdao&#146;s progress and gaining insight for future retreading facilities that could potentially be built elsewhere. The construction of the Qingdao Qizhou facility is expected to be completed this year and will give Amerityre access to large OTR retreads for conducting trials with other customers, such as Phelps-Dodge pursuant to our development arrangement with them. &nbsp;We are hopeful that the Qingdao project will create incentives for others to build similar plants, obviating the need for Amerityre to build its own plant in North America. &nbsp;We continue to talk with other companies regarding retreading opportunities and look forward to pursuing those opportunities with them,&#148; said Mr. Steinke.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">&#147;Our test work on using our polyurethane elastomer material for specialty tires with a major specialty tire manufacturer continues,&#148; said Mr. Steinke. &nbsp;&#147;We are benchmarking the performance characteristics of our proprietary polyurethane materials and evaluating specific commercial applications in which the materials can serve as a replacement for rubber. &nbsp;Additional work and testing remain, but we are pleased with the performance characteristics of the material.&#148;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">&#147;Our testing of our polyurethane elastomer material for glass encapsulation also continues,&#148; Mr. Steinke commented. &nbsp;&#147;After having achieved positive test results for our material in weatherization testing, we are now in a similar testing program with a major chemical supplier to determine a broader range of performance characteristic so the material can be specified for use in certain automotive glass applications.&#148;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">&#147;We have also begun discussions with a major foreign conglomerate regarding a potential business arrangement for the production of automobile tires in a range of popular sizes,&#148; Mr. Johnsen commented. &nbsp;&#147;We have received sample tire sizes from them and expect to send them several prototype samples of our innovative Arcus&#174; run-flat prototypes for them to test and evaluate in the next several weeks. Following their evaluation, we expect to conduct further discussions. &nbsp;Although testing and negotiating remain to be done, if a business arrangement comes to fruition, it could represent a very substantial opportunity for our passenger car tire technology in the global markets.&#148;</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px; page-break-before:always">The Company believes that revenues from sales of the Company&#146;s closed-cell polyurethane foam tire products will continue to trend upward at margins consistent with the Company&#146;s September 30, 2006 quarterly results. The Company&#146;s Board of Directors recently authorized the appropriation of additional resources to strengthen and expand the Company&#146;s sales and marketing efforts for tires and to introduce a polyurethane foam tire fill material.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">&#147;Our company is working to effectuate a paradigm shift from rubber and other materials to our polyurethane materials and manufacturing technologies. &nbsp;We have developed the technology to enable the shift and are working to gain momentum. We believe that we are on the right track and are operating in a manner consistent with the milestones and objectives laid out for our shareholders at our annual meeting in December,&#148; said Mr. Steinke.</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px"><B>About Amerityre</B></P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">Amerityre is actively engaged in the development of revolutionary new polyurethane elastomer tire technologies. Amerityre is commercializing its technologies through licensing agreements with strategic partners, co-development projects and the sale of equipment and its proprietary chemical formulations. &nbsp;</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">For more information on Amerityre, visit its website at <FONT COLOR=#0000FF><U>www.amerityre.com</U></FONT></P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px"><FONT COLOR=#000000><I>This release may contain statements that are forward-looking. Such statements, including those related to the prospects for and/or the benefits of Amerityre&#146;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, 2006, 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.</I></FONT></P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">Company Contact:</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">David P. Martin</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">dpmartin@amerityre.com</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">(702) 293-1930 x121</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">CCG Contact:</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">Sean Collins, Senior Partner</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">CCG Investor Relations and Strategic Communications</P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px">(310) 477-9800</P>
<P style="margin:0px"><BR></P>
<P style="line-height:17.333px; margin:0px; font-size:14.667px" align=center># # #</P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR></P>
<P style="margin:0px"><BR>
<BR></P>
</DIV></BODY>
</HTML>
</TEXT>
</DOCUMENT>
</SUBMISSION>
