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Wall Street News Alert Featured Company: NATCO International, Inc. (NCII.OB) Receives State Approval

NATCO International recently announced that the law firm of Baker & McKenzia has finished analyzing the California Vehicle Code Section 40202 for Photo Violation Technology to insure that the company’s technologically advanced PhotoViolationMeter conforms to California Vehicle Code.

Baker & McKenzia reviewed California’s public policy and legislative history to support the use of the PhotoViolation Meter, which is an automated parking meter that utilizes proprietary technology for remote operation. The conclusion of the analysis reported that the use of the meters is supported by public policy, the intent of California Legislature, and the California case law.

Fred Mitschele, CEO of Photo Violation Technology, Corp. said, “This legal opinion removes any negative comments made by competitors in the parking industry whether the PhotoViolationMeter(TM) is allowed by California Vehicle Code, and paves the way for the PhotoViolationMeter(TM) to be installed throughout the state of California. This opinion also reassures the municipalities we are in discussions with, that the PhotoViolationMeter(TM) is in fact compliant to California Vehicle Code, Section 40202.”

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