News Release

Investment in Napier Environmental Technologies Inc. (“NIR”)
July 8, 2005

Vancouver, B.C. - Press Release

We are pleased to announce that the principals of I.C.T.C. Holdings Corporation “I.C.T.C.” of Vancouver, British Columbia, have agreed to provide financing to Napier Environmental Technologies Inc. pursuant to a transaction involving a combination of secured debt and share purchase warrants. I.C.T.C. operates the HERO Products Group, which manufacture and distribute a product range of equipment consisting of manual, semi-automatic and automatic colorant dispensers, mixers, shakers, industrial mixing devices, airless paint sprayers and commercial pressure washers.

Napier Environmental Technologies Inc. "Napier” is a publicly traded company trading on the Toronto Stock Exchange under the symbol “NIR”. This financing enables Napier to achieve its objectives of being a major supplier of environmentally friendly “green” products. Napier develop, manufacture and distribute a wide range of surface preparation products for coatings removal, as well as a complete line of wood restoration products that are distributed through major paint companies and retailers. These products are protected by an extensive portfolio of patents and trademarks, which include the Bio-wash and RemovALL labels. Napier is well recognized in the consumer, institutional and industrial markets and has a strong following of distributors and retailers. This line of products complements the HERO line of products and distribution and enables I.C.T.C. to provide a more complete line of products to its customers.
With this entry into the surface preparation and restoration products, I.C.T.C. Holdings Corporation is now well positioned through its HERO Products Group and NIR to provide a comprehensive line of paint equipment and related products for the global paint industry.
For further information please contact:
Steve Balmer
President & COO
Corporate Headquarters
2719 Lake City Way
Vancouver, BC Canada V5A 2Z6
1 (604) 420-6543


HERO an I.C.T.C. company

HERO Products Group
India Office and Factory

HERO Products India Pvt.Ltd.
 P1 & P2, Shree Rajlaxmi Hi-Tech Textile Park,
Sonale Village, Taluka Bhiwandi,
Dist Thane - 421 302, Maharashtra, INDIA
Visit us: www.hero.ca