HIENERGY TECH INC

March 11, 2008 - 8:02 AM EDT Notice of Pendency and Partial Dismissal of Class Action On Behalf of Those Who Acquired Any Common Stock of HiEnergy Technologies, Inc. Announced by The Rosen Law Firm, P.A. and Catanzarite Law Corporation -- HIET LOS ANGELES, March 11, 2008 (PRIME NEWSWIRE) -- The Rosen Law Firm, P.A. and Catanzarite Law Corporation Announces the Notice of Pendency and Partial Dismissal of Class action Involving HiEnergy Technologies, Inc. IN THE UNITED STATES DISTRICT COURT FOR THE CENTRAL DISTRICT OF CALIFORNIA WESTERN DIVISION, AT LOS ANGELES SACV 04-01226-VBF (JTLx) SUMMARY NOTICE OF PENDENCY AND PARTIAL DISMISSAL OF CLASS ACTION To: All Persons Who Acquired Any Common Stock of HiEnergy Technologies, Inc. During the Period from February 22, 2002 Through July 8, 2004, Inclusive, and Were Damaged Thereby (The "Class") YOU ARE HEREBY NOTIFIED, pursuant to Rule 23 of the Federal Rules of Civil Procedure, that a class action lawsuit alleging violations of Sections 10(b) of the Securities Exchange Act of 1934 is pending against HiEnergy Technologies, Inc. ("HiEnergy") in the United States District Court for Central District of California. If you acquired any common stock of HiEnergy during the period described above your rights may be affected by this action. The action initially named as defendants HiEnergy and its former officers and directors Bogdan Maglich, Barry Alter and Gregory Gilbert and an alleged control person of HiEnergy, Phillip Gurian. The court has dismissed these individual defendants from the action, which will now proceed only against HiEnergy. If you wish to maintain your own individual lawsuit against these individuals, you will have until June 23, 2008 to file a separate lawsuit at your own expense. You may wish to consult your own attorney concerning how best to protect your rights. If you have not yet received the Notice of Pendency and Partial Dismissal of Class Action ("Notice"), which more completely describes the Action and your rights thereunder, you may obtain a copy of the Notice by identifying yourself as a member of the Class and by writing to Administrator, HiEnergy Technologies, Inc. Securities Litigation, c/o Strategic Claims Services, PO Box 230, Media, PA 19063, or by calling (866) 274-4004, or by downloading a copy from www.strategicclaims.net. Inquiries should NOT be directed to HiEnergy, the Court, or the Clerk of the Court. If you desire to be excluded from the Class, you must submit a request for exclusion by April 19, 2008, in the manner and form explained in the Notice. All members of the Class who have not requested exclusion from the Class will be bound by any judgment entered in the Action.

Heiliger Strohsack! Ich bin in hienergy im november 06 mit deutlich fünfstellig rein, und jetzt seh ich heute dass hier! Was war los mit deren WUNDERKISTEN?

On March 10, 2007, the Company announced by press release that its Board of Directors had authorized the Company and its subsidiaries to file for voluntary protection under the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Central District of California. The decision to seek court protection was approved unanimously by the Company's directors in attendance. grüße gianni

March 10, 2007 - 8:00 PM EST HiEnergy Technologies, Inc. Announces Decision to Seek Bankruptcy Protection to Address Financial and Operational Challenges IRVINE, Calif., March 10, 2007 (PRIME NEWSWIRE) -- HiEnergy Technologies, Inc. (OTCBB:HIET) announced today that its Board of Directors authorized the Company and its subsidiaries to file for voluntary protection under the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the Central District of California. Today's action was taken in order to protect the Company's operations and assets while it works to resolve its financial and business challenges and was approved unanimously by the Directors in attendance. "While the decision to seek court protection was not an easy one, the Board of Directors determined that it was the best means of addressing our business and financial challenges. We also believe it is in the best interests of both HiEnergy and its creditors that we be afforded the time and protection necessary to stabilize the Company and to develop a long-term plan that will enable HiEnergy to meet those challenges," stated William A. Nitze, Chairman of HiEnergy Technologies. The Company also announced that it is currently seeking debtor-in-possession (DIP) financing, which, subject to court approval, would be available to fund its continued operations under a plan of reorganization. As referenced in the Company's public filings, most recently in the quarterly report on Form 10-QSB for the period ending October 31, 2006, as filed with the Securities and Exchange Commission (SEC) on December 20, 2006, there can be no assurance that it will be successful in securing the appropriate financing in a timely fashion. The Company does not expect that it will timely file its quarterly report for the period ended January 31, 2007 by the anticipated deadline. The Company intends to announce any notice of delisting, upon which it will evaluate the trading of its common stock in the pink sheets. Additional information about HiEnergy's filing and possible reorganization will be made available in subsequent releases and on the Company's Web site at http://www.hienergyinc.com. grüße gianni