SURREY, British Columbia, Jan. 7, 2009 (GLOBE NEWSWIRE) -- Natco International, Inc. (OTC BB:NCII.OB - News) is pleased to announce that it has completed the Private placement for $200,000 and is looking forward to closing its agreement with Lassen Energy, Inc. Once the initial funds are received by Lassen from Natco, the two companies will execute the share exchange referred to as the Final Closing.
Natco has been in talks with numerous entities within India, Canada, and the State of Hawaii and the level of interest is very high. Natco is currently in negotiations with Indian officials regarding Solar Hybrid Power Plants in the State of Punjab. Natco will be updating its shareholders on a regular basis regarding progress to its strategic business plan and the status with the various projects currently under discussion.
About Natco
Natco (p2solar) is dedicated to bringing high tech solar systems into the mainstream. Our mission is to provide green sustainable energy 24 hours, 7 days a week. This is accomplished by reducing the overall cost of solar through the company's new Lassen Hybrid Solar Panel technology. P2Solar will manufacture the Lassen Hybrid Solar Panel for application in both the Residential, Commercial, and Industrial markets. Also, P2Solar will build and operate power plants. For additional information please visit our web site at http://www.p2solar.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.
Natco International, Inc.
Investor Relations
Jon Brainard
888.945.4440
www.p2solar.com
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