NetCo Investments Inc.
OTC Bulletin Board : NIVS

April 10, 2006 18:24 ET

NetCo to Raise $1 Million Through a Private Placement to Fund Marketing and Ethanol Catalyst

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 10, 2006) - NetCo Investments Inc. (OTCBB:NIVS) today announced that it is filing a subscription agreement relating to an offering of securities under Regulation S and Rule 506 of the United States Securities Act of 1933, as amended to raise US $1 million at an offering price of $1.00 a share. These funds will be used to continue marketing the Vitabeast.com product and provide funding for the development of the catalyst being acquired from Syntec Biofuel Inc. which has been developed to convert Syngas into Ethanol.

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.

For more information on NetCo Investments Inc., which is a Washington State Company with headquarters in Vancouver, Canada - contact Jeff Eltom at ir@syntecbiofuel.com.

NetCo trades on the OTC.B.B. under the symbol 'NIVS' call 604-648-2092 or 604-648-2095.

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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