EXHIBIT 99.1

                Airtrax Community Mourns Death of CEO Peter Amico

BLACKWOOD,  N.J., Aug. 28  /PRNewswire-FirstCall/ -- Airtrax, Inc. (OTC Bulletin
Board: AITX - News), a developer of patented,  Omni-Directional  technology with
military and  commercial  applications,  announced  today that Company CEO Peter
Amico passed away over the weekend on August 25, 2006.

In  addition,  on August 28, 2006 the  Company's  Board of  Directors  appointed
Nicholas Fenelli,  the Company's Chief Operating  Officer,  as the Interim Chief
Executive  Officer of Airtrax.  Fenelli  stated,  "Pete's death is a shock to us
all.  This is a very,  very sad day for anyone who ever had the  opportunity  to
work with Pete firsthand. Everyone in the Airtrax community sends their prayers,
kind thoughts,  and condolences to the Amico family. His years of dedication and
commitment  to Airtrax as a company  founder,  entrepreneur,  team  leader,  and
friend will never be forgotten and our  collective  thoughts and prayers will be
with Pete  forever."

The Board of Directors will be meeting this week to discuss  further changes and
actions that will be taken, as warranted,  in an attempt to minimize disruptions
to the Company's ongoing operations. Further Company updates will be provided to
the financial community as information becomes available.

A memorial  funeral  service  will be held at noon on  Wednesday in the Pancoast
Funeral Home, 676 S. Main Road,  Vineland,  NJ, where relatives and friends will
be received after 10:30 a.m.  Masonic funeral  services will be held at the same
location beginning at 11:45 a.m.

In lieu of flowers,  memorial contributions may be made to the Deborah Hospital,
P.O. Box 820, Browns Mills, NJ,  08015-0820.

About Airtrax,  Inc.:

A  U.S.-based  developer of  Omni-Directional  technology,  Airtrax  designs and
manufactures  Omni-Directional vehicles. The Airtrax patented wheel was designed
and  developed by Airtrax  after  receiving a technology  transfer from the U.S.
Navy in the form of a Cooperative Research and Development Agreement (CRADA).

The  SIDEWINDER(TM)  Omni-Directional  Lift Truck and the Airtrax  Cobra(TM) and
King  Cobra(TM)  aerial  work  platforms  (AWPs) are the first  Omni-Directional
vehicles using Omni-Directional  technology and the patented Airtrax wheel to be
commercially   produced.  The  nearly   maintenance-free   design  also  reduces
maintenance  costs,  delivering  cost  efficiencies  to companies both large and
small. The Airtrax-patented  Omni-Directional wheel is manufactured  exclusively
for  Airtrax  vehicles.  For more  information  and to view a  must-see  product
demonstration, visit http://www.airtrax.com.

    For further information, contact:

    At the Company:
    Airtrax Inc.
    856-232-3000

    http://www.airtrax.com

    Investor Relations:
    Equity Performance Group
    Don Wilkinson
    617-723-0070
    don@equityperfgp.com
    http://www.equityperformancegroup.com

The Private Securities Litigation Reform Act of 1995 provides a "Safe harbor"
for forward-looking statements. Certain of the statements contained herein,
which are not historical facts, are forward-looking statements with respect to
events, the occurrence of which involved risks and uncertainties. These
forward-looking statements may be impacted, either positively or negatively, by
various factors. Information concerning potential factors that could affect the
company is detailed from time to time in the company's reports filed with the
Securities and Exchange Commission.