NW Tech Capital, Inc. Announces It Has Signed and Closed a Definitive Agreement and Has Purchased Microholdings US, Inc. a Publi
November 17 2008 - 9:45AM
Marketwired
NW Tech Capital, Inc. (OTCBB: NWTT) announced today that it has
entered into and closed a definitive agreement to acquire the Pink
Sheet listed company Microholdings US, (PINKSHEETS: MCHU) Inc. The
closing took place November 14, 2008.
James Wheeler stated: "Today, our purchase of Microholdings US
provides us with another opportunity to bring value to our
shareholders who will benefit from both M&A with Microholdings
US and the organic growth of our wholly owned subsidiary Teledigit,
Inc. The purchase agreement provides us with controlling interest
in Microholdings US. We anticipate further announcements in the
near future regarding Microholdings US. NWTT is currently
considering two separate deals for placement into Microholdings.
More information can be found on Microholdings US at
www.microholdingsus.com. Until then we are focusing on the growth
of Teledigit which continues to produce historic revenues for
us."
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 (Tel) 360-823-4343 E-mail: Email
Contact
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