NW Tech Capital, Inc. and Its Subsidiary Teledigit Inc. Announce Preliminary Results for Period Ended June 30, 2008; Record Reve
August 11 2008 - 9:45AM
Marketwired
NW Tech Capital, Inc. (OTCBB: NWTT) today announced that its
subsidiary, Teledigit Inc., is reporting that both unaudited second
quarter revenues and unaudited net income for NWTT improved in
comparison to the same period(s) for that of the prior year (2007).
As of June 30, 2008, second quarter unaudited revenues were
approximately $62,735. This compares with second quarter 2007,
posting revenues of $0.00 representing NWTT 1st revenues since
early 2006. This revenue reflects Teledigit revenue from June 16,
2008 (the date of Purchase) to June 30, 2008. Teledigit posted a
record breaking year's revenue for 2007 in excess of $1.7 million
and is currently on track for another record breaking year. The
full 10Q second quarter review for NW Tech Capital will be filed
within the next couple of days with the SEC and once filed can be
found at www.sec.gov.
James Wheeler, CEO of NW Tech Capital, stated: "In the last 60
days NWTT has taken many steps to improve its financial condition
and benefits to its shareholders. With the purchase of Teledigit we
have posted our 1st revenue of the year. Since the purchase of
Teledigit we also signed a deal with Cisco for Teledigit to become
a Cisco Select Certification Registered Partnership. Since the
signing of the Cisco agreement Cisco has delivered Teledigit
several leads that are now turning into sales. NWTT will announce
Teledigit's July 2008 numbers next week and the preliminary numbers
are showing a large increase in monthly revenue." Wheeler continues
"In regards to our China activities, we have made several trips to
China in the last few months and are scheduled for another trip in
September. We are looking into several possibilities and hope to
have a signed Letter of Intent before leaving for China this time.
We believe that the China market has many possibilities for NWTT
and its shareholders and look forward to completing our 1st deal in
China soon."
About TECH CAPITAL, INC. & Teledigit, Inc.
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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