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NCHP Nitar signs letter of intent

MISSISSAUGA, ON, May 21, 2007 /PRNewswire-FirstCall via COMTEX/ -- Nitar Tech
Corp. ('NITAR': NCHP), a company focused in the acquisition, development and
marketing of innovative and advanced technologies, is pleased to announce the
signing on May 7th, 2007 of a Letter of Intent to Purchase the company
Techpower-Semi Enterprise Pte. Ltd. ('TPS'), an established distributor of
state-of-the-art electronic components, based in Taipei, Taiwan. The NITAR Board
of Directors also stated that the company is completing a thorough due-diligence
process and preparations are underway to finalize a definitive Purchase
Agreement.

The NITAR Board of Directors also announced that, effective May 11, 2007, Mr.
Jose Gustavo Brazil has resigned as Director and Secretary-Treasurer and is being
substituted by the current Director of Finance, Mr. George Parselias, CGA, as
Secretary-Treasurer.

Established in 2002, TPS has its core business as the distribution of electronic
components produced by Asian manufacturers. The company product line includes
Semiconductors, Transistors, and Diodes, Rectifiers, Power Management, Touch
Display Panels, DRAM, Flash RAM and SRAM. Since inception, TPS has developed a
reliable distribution business that has grown into a important supply link
serving the Asian computer-manufacturing sector.

Safe Harbor: This release may contain forward-looking statements within the
meaning of the Private Securities Litigation Reform Act of 1995. The risks and
uncertainties that may affect the operations, performance development and results
of the company's business include, but are not limited to, fluctuations in
financial results, availability and customer acceptance of our products and
services, the impact of competitive products, services and pricing, general
market trends and conditions, and other risks detailed in the company's SEC
reports.

SOURCE NITAR Tech. Corp.
Nitar Tech Corp., Luiz O. Brasil, President and Director, Telephone: [phone],
Fax: [phone], [e-mail], http://www.nitartech.com

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