Natco International Inc: Company Report

Natco International Inc. (Natco) manufactured two distinct product lines that had separate customer bases and manufacturing processes: a jewelry cleaner line and a tire sealant line. The Company phased out both lines of product during the fiscal year ended March 31, 2007. On December 5, 2006, the Company announced a letter of intent had been signed with Photo Violation Technologies Corp. (PVT) of Vancouver, Canada that will lead to PVT holding 85% of the outstanding shares of NATCO at the conclusion of the transaction. NATCO will retain a 15% interest in the re-organized company. On March 19, 2007, the Company announced the signing of a binding letter of agreement with PVT.