Basically no. Sweating doesn't make you lose fat, just some water, which will be replaced the next time you eat or drink. If it were really as easy as just wrapping an electronic belt around yourself, then wouldn't everyone be thin and gorgeous?
Ghost Man, I don't mean this to sound harsh, so please don't take this the wrong way. Judging from this post and the one about the "Hollywood Micracle Diet" you are looking for an easy, quick way to lose fat. Sorry, but there's no magic bullet. You'll need three basic things to lose fat, and it won't be more than 1-2lbs a week:
1) A healthy, balanced diet. If you want to post up everything you eat in a typical day, we can help you.
2) A quality
resistance training program. This helps preserve muscle (and build some more) to help keep the metabolism up so that fat can burn off. Are you currently performing any resistance training? If so, what exercises are you choosing.
3) Cardio. You are doing cardio already which is great. Once you get your nutrition (I hate the "d" word) in line and get some resistance training going, if you're still not losing, you will need to up the intensity of your cardio. You can try doing some
interval training 2-3 times a week. When doing cardio, you should be going hard enough that you can't speaking long, complete sentences, but can still say a few words at a time.
I hope this helps and I apologize if I have offended you.