NewTech Announces Nomination of New Auditors BLAINVILLE, Qc, March 24 /PRNewswire-FirstCall/ -- Mr. Yvon Rancourt, Chairman of NewTech Brake Corp. is pleased to announce a change in certifying accountant in order to comply with the American Stock Exchange (AMEX) listing requirements. The Board of Directors has retained the firm of Daszkal Bolton LLP, certified public accountants, as the Company's principal independent accountants. Daszkal Bolton LLP will audit the Company's annual consolidated financial statements and review the Company's quarterly consolidated financial statements. In compliance with Securities Exchange Commission (SEC) a Form 8-K is being filed to that effect. The Board of Directors also approved corporate governance Charters in accordance with AMEX listing standards. 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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