Natco International Inc.
OTC Bulletin Board : NCII

April 18, 2007 16:06 ET

Natco International Inc.: IBM Nominates Photo Violation Technologies for BCTIA Award

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 18, 2007) - Mr. Raj-Mohinder Gurm, President of NATCO (OTCBB:NCII), is pleased to announce Photo Violation Technologies Corp. ("PVT"), a company that will take over NATCO pursuant to an executed binding Letter of Agreement, has been nominated by IBM for the British Columbia Technology Industry Association's (BCTIA) Most Promising Start-Up Award.

This award acknowledges an early-stage (less than three years old) technology company with commercially available products that demonstrates significant potential, creativity and a promising future.

"It means a lot for a respected BCTIA member such as IBM to support our company and to nominate us for such a prestigious award," said Fred Mitschele, PVT President and CEO.

Founded in 2004 by Mitschele, a 20-year parking industry veteran, PVT has developed a line of products that will revolutionize the parking industry. Their PhotoViolationMeter™ (PVM) is an easy-to-use solution that gives customers Every Way To Pay™. Customers have a variety of payment options, including coin, credit card, debit card, smart card and pay-by-phone. The meters also have a programmable Grace Period™ feature and No Fine™ feature that prevent users from receiving parking violations.

Photo Violation Technologies Corp. is a private, Vancouver-based company with affiliates 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.

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.

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