BLAINVILLE, QC, Feb. 22 /PRNewswire-FirstCall/ -- Mr. Vianney, Executive Vice- President of NewTech Brake Corp. (NASDAQ OTC: BB: NWTB) informs that "Due to unacceptable disbursement delays, the company has ended, as of February 20th, 2006, the financing agreement with Capital Power International Inc. However, the management of the company is working on another financing alternative to allow the production of the brakes in China and is expecting to conclude the said financing alternative within a reasonable delay." 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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