US$12M Financing - NewTech Brake Corp.

BLAINVILLE, QC, March 15 -- Mr. Vianney Dumoulin, Executive Vice- President of NewTech Brake Corp. (NASDAQ OTC: BB: NWTB) 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."