Apogee Technology, Inc. Files Form 10-KSB/A

NORWOOD, MA -- (MARKET WIRE) -- April 27, 2007 -- Apogee Technology, Inc. (AMEX: ATA), a nanotechnology and micro-electrical mechanical systems company that designs, develops and commercializes drug delivery and sensor systems, previously issued its Annual Report on Form 10-KSB for the fiscal year ended December 31, 2006 and is amending the 10-KSB to include, among other items, the Part III information regarding management and its compensation. Apogee is currently in the process of scheduling its 2007 Annual Meeting and preparing its Proxy and Notice to Stockholders. In compliance with the AMEX Company Guide Rule 610(b), the Company is disclosing that its previously issued audit report for the fiscal year ended December 31, 2006, contains a going concern qualification. There is no change or amendment to the financial statements as originally filed.