Natco International Inc.
OTC Bulletin Board : NCII

April 19, 2007 16:05 ET

Natco International Inc.: Photo Violation Nominated by IBM for Second Award

Photo Violation Short Listed To 4 Finalists

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 19, 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 and named a finalist for the CIOCAN (Chief Information Officer Association of Canada) Best of IT Award.

A judging panel comprised of five seasoned IT professionals narrowed the entries down to four finalists. Attendees at CIOCAN's CIO Peer Forum, to be held in Vancouver on April 19, will judge the finalists and select the winner.

IBM, who is providing software support for PVT, nominated the Vancouver-based company for the award.

"I would like to thank IBM for nominating Photo Violation Technologies for this award, and CIOCAN for short listing us," said Fred Mitschele, PVT President & CEO.

"It's a tremendous achievement for our company, our technology and our employees to be selected as a finalist."

Founded in 2004 by Mitschele, a 20-year parking industry veteran, PVT has developed a line of products that is Revolutionizing 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 Canadian corporation, with 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.

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

  • Natco International Inc.
    Raj-Mohinder Gurm
    (604) 592-0047