Natco International Inc.
OTC Bulletin Board : NCII

September 23, 2005 11:41 ET

Natco Decides to Expand into India

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Sept. 23, 2005) - NATCO INTERNATIONAL INC. (the "Company")(OTCBB:NCII) The Board of Directors of the NATCO are proud to announce that the Company is seeking to start its business operations in India on or about September 2006. The Company should have an approval to set up business from Indian Government by the end of January 2006. It is also in the process of setting up a distributor network in all States of India.

The company currently manufactures and distributes a line of jewelry cleaners, a line of tire sealants, and has developed an extensive line of beauty products. The Company intends to manufacture and distribute the beauty products in India. In addition the Company is also negotiating with three well known North American, and one European manufacturer for exclusive distribution rights to sell their products in India. The completion of these negotiations is expected to be during the next sixty days.

India is a country of more than a billion people, with a middle class of over 300 million people and growing rapidly. The demand for beauty products has increased tremendously as awareness has increased; thanks to several beauty pageants held throughout the country each year. As well as female consumers, male consumers are now forming a major segment of buyers of beauty products in India. It implies that there is a lot of scope and potential within the beauty industry in India as the demand increases due to rising incomes of the ever-increasing number of middle class and urban consumers. It is estimated that the Indian market is worth more than US$2.0 billion and is rising at 20 to 25 percent a year - twice as fast as the US and Europe markets. It is projected the Indian beauty market could easily surpass US$7.0 billion by year 2010.

The low market penetration of many personal care products leaves room for tremendous growth. Current consumption of many products is well below that of more developed countries in Asia opening the door for NATCO to venture into the Indian Market.

The Company intends to raise US$2 million to fund this project.

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