BELFAST, June 23 /PRNewswire-FirstCall/ - NW Tech Capital
Inc.'s (PinkSheets: NWTT) interim management seeks a consulting
firm to facilitate merger opportunities for the company. This news
follows the press release on June 14,
where amongst other things the company announced a sale of the
controlling interested to a European based consortium and change in
NWTT management (effective June 11,
2010).
With the management change, the EU based NW Tech Capital Inc.,
will start to seek viable merger candidates to imbue the holding
company with value. To assist with this process, the company is
currently in discussions with a Toronto
Canada based investor relations (IR) company Mina Mar
Marketing Group (www.minamargroup.net) and a mergers and
acquisition's (MA) firm Mina Mar Group (www.minamargroup.com) for
the purpose of IR work and consulting the interim management and
NWTT to accommodate these merger opportunities.
While NWTT has a specific interest in merging with stable, UK or
EU based companies and/or Chinese companies that would offer a
strong growth opportunities.; a USA based manufacturing opportunity (south
eastern part of USA) is currently
being carefully looked at. Management also believes in the
presented growth potential of China, and desires to retain an advisor with
specific knowledge of the region, and explore that opportunity as
well.
Immediate plans in NWTT turnaround plan include a new web site
that will be updated on a timely basis, frequent communications
with its shareholders and the commencement of filings to achieve
transparency.
Further updates will follow.
Safe Harbor Statement
Information in this news release may contain statements about
future expectations, plans, prospects or performance of NW Tech
Capital Inc. that constitute forward-looking statements for
purposes of the Safe Harbor Provisions under the Private Securities
Litigation Reform Act of 1995. The words or phrases "can be",
"expects", "may affect", "believed", "estimate", "project" and
similar words and phrases are intended to identify such
forward-looking statements. NW Tech Capital Inc. cautions you that
any forward-looking information provided by or on behalf of NW Tech
Capital Inc. is not a guarantee of future performance. None of the
information in this press release constitutes or is intended as an
offer to sell securities or investment advice of any kind. NW Tech
Capital Inc.'s actual results may differ materially from those
anticipated in such forward-looking statements as a result of
various important factors, some of which are beyond NW Tech Capital
Inc.'s control. In addition to those discussed in NW Tech Capital
Inc.'s press releases, public filings, and statements by NW Tech
Capital Inc.'s management, including, but not limited to, NW Tech
Capital Inc.'s estimate of the sufficiency of its existing capital
resources, NW Tech Capital Inc.'s ability to raise additional
capital to fund future operations, NW Tech Capital Inc.'s ability
to repay its existing indebtedness, the uncertainties involved in
estimating market opportunities, and in identifying contracts which
match NW Tech Capital Inc.'s capability to be awarded contracts.
All such forward-looking statements are current only as of the date
on which such statements were made. NW Tech Capital Inc. does not
undertake any obligation to publicly update any forward-looking
statement to reflect events or circumstances after the date on
which any such statement is made or to reflect the occurrence of
unanticipated events.
CONTACT: nwttech@nym.hush.com
SOURCE NW Tech Capital Inc.