16th March 2006 -  NewTech Brake Corp. Receives Additional US$12M Financing

Mr. Vianney Dumoulin, Executive Vice-President of NewTech Brake Corp. is pleased to announce that the documents related to a US$12M financing have been completed and signed.

Mr. Dumoulin has stated: "These negotiations have taken place in a climate of mutual trust and confidence that has achieved a positive result. This financing will give NewTech the capital required to start the production and begin the commercialization phase of the NewTech's "Full Contact"(R) brake for the global heavy vehicle market."

Forward-looking statements

This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers with respect to, among other things: (i) the Company's financing plans; (ii) trends affecting the Company's financial condition or results of operations; and (iii) the Company's growth strategy and operating strategy. The words "may", "would", "will", expect", "estimate", "anticipate", "believe", "intend", and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

Source: NewTech Brake Corp. Press Release