SOURCE: Notch Novelty Corporation

May 12, 2006 08:02 ET

Notch Novelty Announces Private Placement; Announces Appearance at the 18th Annual Money Show in Las Vegas

REDLANDS, CA -- (MARKET WIRE) -- May 12, 2006 -- 18th Annual Money Show -- Notch Novelty Corporation (OTC: NHNV), a manufacturer and distributor of high-value unique sign products and novelty items, is pleased to announce the terms of the proposed private placement and appearance at the 18th Annual Money Show in Las Vegas, Nevada.

Mr. Brett Weiss, CEO of Notch Novelty Co., reports the terms of the proposed private placement as follows: up to 100 units are to be issued at a price of $10,000 per unit, for aggregate consideration of up to $1,000,000. Each unit will take the form of a senior convertible note bearing 9% interest plus warrants convertible at a preferred price. The proceeds will be used to increase Notch Novelty's working capital.

In addition, Notch Novelty will be in attendance at the 18th Annual Money Show in Las Vegas taking place on May 15-18, 2006, at Paris/Bally's Resort. The Money Show is a unique, one-stop educational resource for everything relating to investing, the economy, and personal finance. Visitors can also participate in specific investment strategies in over 200 free workshops and compare the investor's mega-marketplace featuring over 200 of the top financial products and services firms in the country, all under one roof.

For more information on the 18th Annual Money Show, please visit: http://www.lasvegasmoneyshow.com

This press release is available on the Company's official on-line Investor Relations HUB at http://www.AGORACOM.com/IR/NotchNovelty for investor questions, answers and monitored commentary. Alternatively, investors are able to e-mail all questions and correspondence to NHNV@AGORACOM.com where they can also request addition to the investor e-mail list to receive all future press releases and updates in real time.

About Notch Novelty Corporation

Notch Novelty Corporation manufactures and distributes unique sign products and novelty items to the Extreme Value industry in the United States and Canada. Notch leads this industry in sign products for resale and also develops novelty items for sale to major distributors and retailers offering goods at the $1 price point. Products are manufactured at contracted factories throughout Mainland China at the lowest possible cost and most efficient turnaround times possible. Notch revenue continues to grow through a cooperative agreement with Disney licensee National Design LLC of San Diego. Notch Novelty developed and distributes an exclusive line of Disney Fuzzy artboards and Write-On Magnetic Dry Erase boards in the top selling brands: Mickey Mouse, Winnie the Pooh, Princess, Tinkerbell, and now the much-anticipated Disney/Pixar movie, "Cars." You can see Notch items on-line at www.notchnovelty.com or by visiting high-value retailers in your neighborhood.

Please visit the company website at: http://www.notchnovelty.com for more information.

Safe Harbor Statement Except historical matter contained herein, matters discussed in this news release are forward-looking statements and are made pursuant to the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect assumptions and involve risk and uncertainties, which may affect the Company's business and prospects and cause actual results to differ materially from these forward-looking statements.

Contact Information