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NCVT -- Netco Investments, Inc.
Com ($0.0001)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Privada Inc. fka Netco Invsmts: Privada Inc. Retains Consultant
Mar 14, 2007 (M2 PRESSWIRE via COMTEX) -- Privada Inc. f/k/a Netco Investments, Inc. (Pink Sheets: NCVT) today announced the hiring of Louie Saffell as a consultant to assist it in restructuring. While the terms of the employment have not been finalized, Marco Chavarria, acting President of Privada, Inc., said, "One thing is for certain, Mr. Saffell's consultancy will not involve issuing shares to himself. I'm not here to run a printing press." Mr. Saffell, 35, is a citizen of the United States.
The announcement about the retention of Mr. Saffell is to update present shareholders, not a subtle solicitation to spark interest in the company's shares. Privada Inc. management warned, "Don't misinterpret this press release as an indication that our company is on the move. We're not. We continue to investigate the prior behaviour of the former control persons and we still have no assets and no sales. We have no business plan in place and we are not actively seeking a merger partner. We remain subject to court directives as to our share structure and nothing new has developed from the judicial proceedings," said Mr. Chavarria.
The company's shareholders remain plagued by the refusal to turn over corporate records by its former transfer agent, Madison Stock Transfer. "Madison Stock Transfer has an obligation to our innocent shareholders and that is to turn the records over to the company. There's no legitimate reason to withhold them other than gamesmanship, and one this is for certain, I'd like to end the games," Mr. Chavarria stated.
CONTACT: Marco Chavarria, acting President, Privada Inc. e-mail: netco@onebox.com