NW Tech Capital Announces Formation of Hong Kong/China Subsidiary as Part of Mergers & Acquisitions Strategy
April 24 2008 - 9:15AM
Marketwired
VANCOUVER, WA announced today that it has successfully
incorporated a new Hong Kong/China company effective April 17,
2008. The new company is NW Tech Capital Group (Hong Kong) Limited
with registration number 1228097. As previously announced on
February 21, 2008, NWTT sent a delegation to China to launch its
merger & acquisitions strategy.
The new company NW Tech Capital Group (Hong Kong) Limited will
be regulated in accordance with the Hong Kong Companies Ordinance
(Chapter 32). As a wholly owned subsidiary of NWTT all activities
will be compliant with the rules and regulations of the U.S.
Securities Exchange Commission. There will be a commonality of the
Board of Directors and management. As previously announced the new
Hong Kong subsidiary will actively engage in completing merger
& acquisition opportunities with private China companies. These
private companies will benefit from the expertise of NWTT relative
to the U.S. public financial markets.
James Wheeler, the President and CEO of NWTT, stated, "Our
recent trip earlier this month to China allowed us to meet a number
of private and public companies that want to go public in the USA.
These companies are representative of many industries in China.
Each of these companies have cash positive balance sheets and
experienced management teams. The economic boom in China is real
and these public and private companies are now ready to become
public companies in the United States. While NWTT is a growth
oriented company, we believe that our shareholders want more than
just organic growth. Our M&A strategy in China is designed to
give our shareholders equity participation in the world's second
largest economy."
About NW TECH CAPITAL, INC.
NW Tech Capital is a holding company with interests in areas of
telecommunications, data management, information systems and public
safety communication and response solutions.
NW Tech trades on the OTC Bulletin Board under the ticker symbol
"NWTT."
For more information on NW Tech Capital contact
investor@nwtechcapital.com.
Certain Information
Investors are cautioned that certain statements contained in
this document as well as some statements in periodic press releases
and some oral statements of NWTT officials are "Forward-Looking
Statements": within the meaning of the Private Securities
Litigation Reform Act of 1995 (the "Act"). Certain statements in
this news release may contain forward-looking information and are
based on Management's current expectations, estimates and
projections subject to change. Words such as "anticipates,"
"expects," "intends," "plans," "targets," "projects," "believes,"
"seeks," "estimates" and similar expressions are intended to
identify such forward-looking statements. These statements are not
guarantees of future performance and are subject to certain risks,
uncertainties and other factors, some of which are beyond our
control and are difficult to predict. Therefore, actual outcomes
and results may differ materially from what is expressed or
forecasted in such forward-looking statements. You should not place
undue reliance on these forward-looking statements. Unless legally
required, the Company undertakes no obligation to update publicly
any forward-looking statements, whether as a result of new
information, future events or otherwise. The Company disclaims any
information that is created or distributed by any outside party and
endorses only information that is communicated by its official
Press Releases.
Contact Information: NW Tech Capital, Inc. Vancouver, WA James
Wheeler Chairman & CEO E-mail: Email Contact
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