Newtech Brake Corp. Finalyses Its Private Placement - US$25M BLAINVILLE, June 1 /PRNewswire-FirstCall/ -- Mr. Yvon Rancourt, President of NewTech Brake Corp. (OTC:BBOTC::OTC:NWTB) is pleased to announce that the documents related to the issuance of its convertible debenture offered as a private placement have been completed and signed on May 27, 2005. The funds are expected within a few weeks. Mr. Rancourt has stated: "I would like to thank particularly our investment bankers, Alps Resources Bankers Inc. USA, for believing in our company and for their contribution to the finalization of our new financing." Mr. Bernard Lapointe, President and CEO of Alps Resources Bankers Canada, is quoted as saying: "Alps Resources Bankers is very proud to have elaborated a financial instrument for a value up to 25 millions $USD in favour of NewTech Brake Corp. We would like to mention the precious and tenacious collaboration of the directors, Mr. Yvon Rancourt, President, Mr. Vianney Dumoulin, Executive Vice-President, and Mr. Claude Rancourt, Secretary, to make this deal happen. We are extremely confident that NewTech will become a leader on the international market of the brake industry and that our trust in this project will be much rewarded in the near future". For further information, please refer to Form 8K filed by the company with the Securities Exchange Commission at the following website address: http://www.sec.gov/edgar/searchedgar/companysearch.html NewTech Brake Corp. intends to develop and market a new, high value-added generation of safer, more efficient and cost-effective full contact disc brakes and related components in 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. DATASOURCE: NEWTECH BRAKE CORP. CONTACT: NewTech Brake Corp., Investors relation, (450) 434-6432, Fax. : (450) 434-6078;

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