Natco International Inc.
OTC Bulletin Board : NCII

June 08, 2007 09:30 ET

Natco International Inc.: Photo Violation Wins "Best of Show" at the Worlds Biggest Parking Trade Show

PVT continues to revolutionize the parking industry

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 8, 2007) - Mr. Raj-Mohinder Gurm, President of NATCO (OTCBB:NCII), announces that Photo Violation Technologies Corp. ("PVT"), a company that will take over NATCO pursuant to an executed binding Letter of Agreement, is honored to be named "Best of Show" by the International Parking Institute("IPI") at 2007 Trade show themed "Expanding the Synergy of Technology". PVT beat out several well-established industry leaders to win the Best of Show Award at the World's largest Parking Industry tradeshow of the year. Photo Violation's booth was themed "The Future of Parking" and it definitely delivered the future...

The innovative PhotoViolationMeter™ astonished audiences when it made its North American debut last year at this trade show themed "Growth 2006". PVT received a greater reaction this year with the highest booth attendance when they unveiled a number of new highly innovative products including, the most revolutionary, the PhotoViolationMeterPBS™(PBS™). "Seeing lineups at our booth and watching people viewing our booth calling other people on their cell phones saying "you got to see this booth" was a great reward itself, but winning the award was even greater," said Fred Mitschele, President & CEO. "The interest and attendance at our booth was even greater than my high expectations and will definitely drive the company to expand quicker to meet the market demand."

The PhotoViolationMeterPBS™ is the first and only Patented Self Enforcing meter that handles multiple parking spaces. The PBS™ Combines the original Photo Violation VehicleSensorPuck™(VSP™) with the new VehicleCameraPuck™(VCP™). When the VSP™ detects a vehicle, it will communicate with the PBS™ and alerts the VehicleCameraPuck™(VCP™), which captures the license plate of a vehicle in violation. Used in conjunction with the VehicleSensorPuck™(VSP™) and the VehicleCameraPuck™ the PhotoViolationMeterPBS™(PBS™) will capture 100% of the violations. The PhotoViolationMeterPBS™ offers all the user friendly benefits of the PhotoViolationMeter™, including the Every Way to Pay™, No Fine™, and the Grace Period™ feature. The PBS™ also issues violations automatically, and allows drivers to pay their fines at a reduced rate right at the meter with the PayYourFine™ Feature.

Photo Violation now is the only company to offer a complete self enforcing solution for Cities whether it is traditional parking meters or one multi-space meter that handles multiple parking spaces.

Visitors at the booth were just as intrigued by another of Photo Violation's new products the Self Enforcing VehicleCameraSensorPuck™. The Photo Violation VehicleCameraSensorPuck™(VCSP™) integrates the vehicle sensor, camera technology and wireless communications into one unit to self enforce parking regulations. Cities can place these pucks in red (No Parking), Bus zones where vehicle are prohibited from parking. Any vehicles detected and that violate parking regulations will have its license plate captured, and a photo violation issued automatically.

Aside from winning the award, the tradeshow allowed Photo Violation to reach out to leaders of the parking industry and demonstrate the synergy of our technology. PVT has received interest from dozens of city representatives that have expressed their interest using Photo Violation's new and existing products to solve their parking problems. The success of this tradeshow, along with past city trials, will lead to the widespread usage of the PVM™ and its counterparts across North America.

Photo Violation through its continued innovation is Revolutionizing The Parking Industry™.

Photo Violation Technologies Corp. has subsidiaries in Europe and Asia that has developed a patented, technologically innovative parking meter system - the PhotoViolationMeter™. Photo Violation Technologies Corp. has successfully forged relationships with Fortune 500 companies and global suppliers such as IBM, Honeywell, and Motorola. These relationships ensure the future success of Photo Violation Technologies Corp. on a global scale. Photo Violation Technologies Corp. is proud to be working with these partners to develop the most sophisticated parking system. Together we are Revolutionizing the Parking Industry™ by Perfecting How People Park™ through the PhotoViolationMeter™ solution. Visit our website www.photoviolation.com for more details on our company.

International Parking Institute, founded in 1962, is the worlds largest parking association dedicated to bringing leadership, education, technical resources, and information to the parking profession and its related fields. IPI represents the marketing, economical, and political concerns of the parking industry in corporate America. Members of the IPI include major transit authorities, airports, hospitals, universities, corporate complexes, shopping centers, state and federal government agencies, sports and entertainment complexes, theme parks, casinos, and more.

For more information, visit our website www.photoviolation.com.

Forward-Looking Statements

This press release contains certain statements that may include "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact included herein are "forward-looking statements" including statements regarding NATCO's business strategy, plans and objective and statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "believes", "expects", "intends" or similar expressions, involve known and unknown risks and uncertainties. Although NATCO believes that the expectations reflected in these forward-looking statements are reasonable, they may prove to be incorrect and do involve assumptions, risks and uncertainties. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. NATCO's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in NATCO's periodic reports that are filed with and available from the Securities and Exchange Commission. All forward-looking statements attributable to NATCO or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, NATCO does not assume a duty to update these forward-looking statements.

Contact Information

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