OTC Financial Network Issues Special Situations Report on nCoat

NEEDHAM, MA--(Marketwire - October 23, 2007) - OTC Financial Network (OTCFN), a division of National Financial Communications Corp., announced today that it has issued an OTC Special Situations (OTCSS) report on nCoat, Inc. (OTCBB: NCOA). The report includes a profile of NCOA's subsidiaries, intellectual properties, technology applications, acquisition strategies and prospects for growth. Interested parties can download the report at http://www.otcfn.com/ncoa/ncoa-report.pdf or call 781-444-6100 ext. 625 for reprints.

Publisher of OTCSS Geoffrey Eiten said, "nCoat's traditional coatings and nano-formulations meet the rugged performance requirements of its customers, which include NASA, the U.S. Department of Defense, NASCAR, the Indy 500 and many of the world's largest automotive manufacturers in the U.S. and Europe. To spur product innovation, NCOA is acquiring synergistic, revenue-positive companies within the highly fragmented $3.7 Billion high performance coatings industry. Combined with continued organic growth, NCOA projects total revenues to increase from $5.5 Million in 2006 to $9 Million in 2007 and over $20 Million in 2008."

OTC Financial Network (OTCFN) is the nation's leading investor relations company specializing in small/micro-cap public companies. For more information, visit http://www.otcfn.com. For disclaimer information, visit http://www.otcfn.com/ncoa/disclaimer.html.

About nCoat, Inc.

nCoat, Inc. is an emerging nanotechnology company with new nano-formulated and traditional coatings that make it an international leader in the development and marketing of coatings applied to metal, ceramics, fabric, and other materials. The Company specializes in nanotechnology research, commercialization, licensing, and distribution, and through its subsidiary companies develops and distributes commercially viable proprietary nanotechnology and traditional coatings products. At nCoat, we invite the world to "Innovate with us."

Except for statements of historical fact, the information presented herein may contain forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include general economic and business conditions, the ability to acquire and develop specific projects, the ability to fund operations and changes in consumer and business consumption habits and other factors over which nCoat, Inc. has little or no control. Additionally, words such as "may," "will," "expect," "believe," "anticipate," "estimate," "project," or "continue" or comparable terminology used in this release may identify forward-looking statements. We disclaim any obligation or intention to revise or update any forward-looking statements for any reason. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this statement.

Contact Information: CONTACT: At OTC Financial Network: Geoffrey Eiten 781-444-6100x613