Natco International Inc.
OTC Bulletin Board : NCII

May 17, 2006 15:54 ET

Natco will Convert Debt to Equity

SURREY, BRITISH COLUMBIA--(CCNMatthews - May 17, 2006) - NATCO INTERNATIONAL INC. (the "Company") (OTCBB:NCII) The company has reached an agreement with a number of its private lenders to convert their debt to equity in the company. The new shares will be issued at $0.10 per share. More details will follow once the shares have been issued.

Safe Harbor Statement

All statements contained herein, as well as oral statements that may be made by the company or by officers, directors or employees of the company acting on the company's behalf, that are not statements of historical fact, constitute "forward-looking statements" and are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that could cause the actual results of the company to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. The company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Contact Information

  • Natco International Inc.
    Raj-Mohinder Gurm
    (778) 908-4876