Natco International Inc.
OTC Bulletin Board : NCII

April 04, 2007 14:58 ET

Photo Violation's CEO Wins One of the Top 50 Entrepreneurs Award of 2006!

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - April 4, 2007) - Mr. Raj-Mohinder Gurm, President of NATCO (OTCBB:NCII), announces that Fred Mitschele, the President & CEO of Photo Violation Technologies Corp. ("PVT"), a company that will take over NATCO pursuant to an executed binding Letter of Agreement, has been awarded one of the top 50 entrepreneurs of 2006 by The Angel Journal, a financial newspaper. It was announced in the first issue of 2007 of The Angel Journal.

"I am honored to be awarded one of the top 50 entrepreneurs of 2006 by The Angel Journal" says Fred Mitschele, President and CEO of Photo Violation Technologies. "It is much appreciated that someone has taken notice of what Photo Violation and I have achieved over the last year! I would like to thank, The Angel Journal for the award, my employees, investors and the opportunity to work with such an exceptional product, like the PhotoViolationMeter™."

Despite its name, The PhotoViolationMeter™ ("PVM") is being dubbed as "The Worlds Friendliest Parking Meter" as it eliminates the common frustrations of paying for on-street parking and the worry of receiving a parking violation. The PhotoViolationMeter™ provides a number of user-friendly features, which eliminates the stress of receiving a parking violation and telling you when not to park so that your vehicle doesn't get towed.

The PhotoViolationMeter™ will restore fairness and ensure everyone pays for parking and for violators that do not wish to pay for parking the PVM™ will issue a PhotoViolation™. The Grace Period™, No Fine™, Instant Notification and Every-Way-To-Pay™ features are an innovation implemented to eliminate the chances of drivers receiving violations. The PhotoViolationMeter™ is Revolutionizing The Parking Industry™, By Perfecting How People Park™.

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