NetCo Investments Inc.
OTC Bulletin Board : NIVS

May 19, 2006 18:53 ET

NetCo to Raise US$2 Million Through a Private Placement to Fund Ethanol Catalyst Development

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - May 19, 2006) - Further to its news release of April 12, 2006, NetCo Investments Inc. (OTCBB:NIVS) ("NetCo") is pleased to announce that it has undertaken to increase the private placement subscription offering from $1 million to US two million dollars (US$2,000,000), pursuant to Regulation D, Rule 506 and Regulation S under the United States Securities Act of 1933, as amended. The offering is a total of 2,000,000 units (the "Units") of NetCo's securities for subscription at a price of US one dollar (US$1.00) per Unit. Each Unit will consist of one common share in the capital of NetCo (a "Share") and one non-transferable share purchase warrant (a "Warrant") entitling the holder thereof to purchase one additional common share of NetCo (a "Warrant Share"), as presently constituted, for a period of one year from the date of issue of the Warrant at a price of US one and a half dollars (US$1.50) per Warrant Share.

The funds will be used to provide funding for the development of the catalyst being acquired from Syntec Biofuel Inc. ("Syntec"), which has been developed to convert Syngas into Ethanol and for business development.

Currently over 90% of Ethanol production in the USA comes from traditional grain fermentation processes using corn, wheat or barley. Syntec technology focuses on an entirely different and innovative production process by using a Gasification-Catalytic Synthesis, which is a thermo-chemical process that converts Syngas into Ethanol. Unlike the current fermentation processes, Syntec's catalysts will produce Ethanol from unlimited sources of feedstock using waste gas, such as biogas from landfills, sewage, manure, wood waste, and producer gas (thermal gasification of biomass or other carbonaceous material such as municipal solid waste). This process will also create far greater green house gas (GHG) reductions and carbon credits than the fermentation process.

NetCo trades on the OTC.B.B. under the symbol 'NIVS'.

This press release contains statements about future performance, events or developments, which are also known as "forward-looking statements". Forward-looking statements are based on current expectations, estimates, forecasts and projections about us, our future performance and the industries in which we operate as well as on our management's assumptions and beliefs. Statements that contain words like "expects", "anticipates", "targets", "goals", "projects", "intends", "plans", "believes", "seeks", "estimates" or variations of such words and similar expressions are forward-looking statements. Since they relate to future developments, results or events, these statements are highly speculative and involve risks, uncertainties and assumptions that are difficult to assess. You should not construe any of these statements as a definitive or invariable expression of what will actually occur or result. Actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. Some of the risks and uncertainties include: the successful conclusion of the auction under Riverstone's bankruptcy court proceeding; our ability to operate effectively in a highly competitive industry with many participants; our ability to keep pace with technological advances and correctly identify and invest in the technologies that become commercially accepted; our reliance on a small number of key customers; fluctuations in the telecommunications market; the pricing, cost and other risks inherent in our long-term sales agreements; exposure to the credit risk of our customers; our reliance on two contract manufacturers to supply most of the products we sell; the social, political and economic risks of our foreign operations; the costs and risks associated with our pension and postretirement benefit obligations; the complexity of our products; changes to existing regulations or technical standards; existing and future litigation; our ability to protect our intellectual property rights and exposure to infringement claims by others; and compliance with environmental, health and safety laws. For a description of these and some other risks and uncertainties, you should read the reports we have filed with the Securities and Exchange Commission, including periodic reports on Forms 10-K, 10-Q and 8-K. Except as required under the federal securities laws and the rules and regulations of the SEC, we do not have any intention or obligation to update publicly any forward-looking statements we make, even if new information, future events, changes in assumptions or any other reason would alter those statements.

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