NATCO Signs Binding Letter of Agreement with Lassen Energy, Inc. (DBA P2SOLAR)

SURREY, B.C.--(Business Wire)--
Mr. Raj Gurm, President of NATCO (OTCBB:NCII), announced that on
February 22nd, 2008, the Company entered into a Binding Letter of
Agreement (the "Letter Agreement") with Lassen Energy, Inc.
("Lassen"), a company incorporated in the State of California, and all
of its shareholders for the acquisition of all the issued and
outstanding shares of Lassen, subject to the terms and conditions of
the Letter Agreement.

Lassen has patented a revolutionary solar power generating system
that incorporates advanced solar and fuel cell technologies to produce
energy at a superior performance efficiency level.

The principal of Lassen is Darry K. Boyd.

Darry K. Boyd, BS in electronic engineering and graduate studies
in physics, the Chairman and CEO of Lassen, is a general engineering
contractor with a Class A license, and is a specialist in constructing
power plants and manufacturing. He has 30 years of experience in the
construction of many power plants and manufacturing projects.

Pursuant to the Letter Agreement, the Company shall have completed
a reverse split of its outstanding common shares ("Share Split") on
such a basis as may be necessary so that the number of common shares
outstanding immediately prior to closing ("Pre Split") will be
increased to such number of common shares following completion of the
Share Split ("Post Split") that will, after closing, represent 7.5% of
the common shares of the Company then issued and outstanding. On
closing, the Company will acquire all of the issued and outstanding
shares of Lassen by the issuance of a total of 32,375,000 shares of
the Company representing 92.5% of the Company then issued and
outstanding common shares.

Completion of the transaction is subject to a number of conditions
set out in the Letter Agreement including, principally, completion of
all due diligence review to the satisfaction of the Company, the
execution of a Formal Agreement, receipt of all necessary corporate
approvals for Lassen and the Company, accuracy of representations and
warranties provided under the Letter Agreement, execution and delivery
of formal closing documentation and completion of additional
deliveries and conditions to be provided therein.

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.

Capital Group Communications, Inc.
Investor Relations
Mark Bernhard, VP Corporate Communications
Office: 415-332-7200
Fax: 415-332-7201
www.capitalgc.com

Copyright Business Wire 2008