Agreement Signed between Photo Violation Technologies and IBM Will Revolutionize the Parking Industry.SURREY, British Columbia Surrey is a Canadian city in the province of British Columbia that lies within the Metro Vancouver district, and geographically at the centre of the larger region known as the Lower Mainland of BC. It is the province's second-largest city by population after the city of Vancouver. -- Natco International, Inc. (OTCBB OTCBB See OTC Bulletin Board (OTCBB). :NCII NCII National Counselling Institute of Ireland ), is pleased to announce that Photo Violation Technologies Corp. (PVT) has signed a preliminary "SOW sow a female pig that has had a litter. sow mouth the maxilla is foreshortened and the lower jaw protrudes beyond it. sow stall " (service of work) contract with IBM (International Business Machines Corporation, Armonk, NY, www.ibm.com) The world's largest computer company. IBM's product lines include the S/390 mainframes (zSeries), AS/400 midrange business systems (iSeries), RS/6000 workstations and servers (pSeries), Intel-based servers (xSeries) . IBM will provide consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" to complete the design and development of the software for the PVM (Parallel Virtual Machine) Software that enables multiple Unix and Windows NT/2000 computers to function as one large, parallel machine. It is used to solve scientific, industrial and medical problems around the world. For information, visit www.epm.ornl.gov/pvm. (PhotoViolationMeter[TM]) Application and Server Applications for the global market. The MeterLink[TM] back-end software developed by IBM will enhance the future of the patented PhotoViolationMeter[TM] and guarantees stability and expandability for the global marketplace. IBM will also integrate a number of its products to ensure the 'best of breed' software solution. This agreement with IBM will guarantee that the software designed for PVT will be scalable globally. It will alleviate any growth issues for its MeterLink[TM] Software. In addition, IBM will be responsible for any custom integration that may be required by cities, municipalities or government agencies to their in-house systems. IBM's involvement will instill in·still v. To pour in drop by drop. in  stil·la tion n. confidence
for cities and municipalities for worry-free integration with the
PhotoViolationMeter[TM] solution.
IBM will also assist in hosting the MeterLink[TM] Software and provide operational support and training. IBM is aware of the global potential of this revolutionary new meter and software. It will provide sales and marketing support and project manage the installation of the PhotoViolationMeter[TM] in cities. IBM has also expressed interest in financing government purchases through its global financing arm. Fred Mitschele, Chairman, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and President of Photo Violation Technology, said, "It is a great honor to be working with a company like IBM at this stage of our company. Upon completion of this contract, we will be able to virtually guarantee the scalability of our PhotoViolationMeter[TM] System to any size municipality MUNICIPALITY. The body of officers, taken collectively, belonging to a city, who are appointed to manage its affairs and defend its interests. or private parking company who wishes to implement it." Photo Violation Technologies Corp., with subsidiaries in Europe and Asia, has developed a patented, technologically innovative parking meter system -- the PhotoViolationMeter[TM]. It has executed a binding Letter of Agreement to take over Natco International, Inc. once its 3-year financial audit has been completed. For more information, please visit our website at www.photoviolation.com. Forward-Looking Statement forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. 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 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 and 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 various 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 behalf are expressly qualified in the entirety by these factors. Other than as required under the securities laws, Natco does not assume a duty to update these forward-looking statements. |
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