CALGARY, Nov. 20 /CNW/ - NPC Growth Fund III G.P. Inc. ("Northern Plains") announced today that as a result of market purchases through the facilities of the Toronto Stock Exchange by Northern Plains of 1,000,000 common shares of Technicoil Corporation ("Technicoil"), Northern Plains' total holdings now represent approximately 11.3% of the total outstanding shares of Technicoil. Northern Plains acquired these shares for investment purposes and may, from time to time, acquire additional common shares, dispose of some or all of the additional shares or may continue to hold the common shares as it may deem appropriate.

Northern Plains is the general partner of NPC Growth Fund III Limited Partnership and NPC Growth Fund III (USA) Limited Partnership, with principal offices at Suite 504, 304 - 8th Avenue SW, Calgary, AB T2P 1C2.