NW Tech Capital, Inc. (Formerly Known as Cybertel Capital Corporation) Completes Audit of Teledigit, Inc. and Sets New Closing D
June 12 2008 - 9:15AM
Marketwired
VANCOUVER, WA and PORTLAND, OR announced today that it
successfully completed the financial audit of Teledigit, Inc. a
telecommunications company in the Pacific Northwest established in
1995. As previously announced NWTT entered into a purchase
agreement with Teledigit subject to completion of the audit.
Teledigit bases its operations out of Portland, Oregon, serving
customers in the greater Portland Metropolitan/Vancouver, WA areas,
and it is expanding its business nationwide. Teledigit provides
installation and service for business voice, wireless networks and
data services, including key systems, PBX's, voicemail, and
cabling. Partnering with Nortel Networks and Vertical, Teledigit
offers the best available telecommunications equipment, video and
network services, phones and communications systems.
James Wheeler, President and CEO of NWTT, stated, "We all worked
hard to complete the audit of Teledigit. The closing was originally
scheduled for July 31st, 2008 and we are way ahead of schedule. Our
new closing date will be June 16th, 2008. We are extremely pleased
with the outcome of the audit. This is a milestone for both
companies as we go forward with the filing of an 8-K with the SEC.
We previously reported sales of Teledigit were approximately $1.7m
per annum in 2007. The audit up held this number and the actual
audited revenue number for 2007 is $1,741,141. Looking forward to
2008 and beyond, our challenge is to grow Teledigit through new
sales and new acquisitions. Growth in the telecommunications
industry remains solid. We believe that our business customers will
continue to up-grade and expand their telecommunications and data
infra-structure to cut the increased costs of airline and ground
travel costs. Virtual meetings and telephony gives our customers
the tools that they need to compete in the high tech Business
environment."
Update on China: Our NWTT rep is currently on his third trip to
China. We anticipate an update on our China activities next
week.
About TeleDigit, Inc.
TeleDigit, Inc. is a locally owned and operated
telecommunications company in the Pacific Northwest. Established in
1995, TeleDigit, Inc. bases its operations out of Portland, Oregon
serving customers throughout the West coast, with a national
contract to service all voice systems for a National chain of
dentist offices. TeleDigit, Inc. provides installation and service
for your business voice needs, wireless networks and data services
including key systems, PBX's, voicemail, and cabling.
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 or Teledigit contact
investor@nwtechcapital.com or visit web site at
www.teledigitinc.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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