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Press Release Source: NW Tech Capital Inc. On Wednesday January 19, 2011, 1:15 pm EST HENDERSON, NEVADA--(Marketwire - 01/19/11) - NW Tech Capital Inc. (PINK SHEETS:NWTT - News) (www.nwtechcapital.com) management is using this opportunity to update the company shareholders and followers regarding several developments, and upcoming events within the company on various fronts.
Firstly, NWTT management would like to address some of our critics concerns re dilution. NWTT is not diluting. Our authorized and outstanding share structure stands very close to 5 billion shares and has been at those levels for some time now. See our quote at http://www.otcmarkets.com/stock/NWTT/company-info.
NWTT has been introduced to purchase and or take over an Ornamental Stone type company. NWTT management sees a great opportunity to complement the company's core business. The transaction should not disturb the share structure as it would be structured to be acquired on all cash basis, utilizing debt and other instruments as an example to complete the transaction. Be it known that stock is not the only currency at NWTT' disposal. The company is in the production stage and NWTT intends to make this venture a part of the NWTT family of companies.
Regarding NWTT new subsidiary Canada Corp; the company is seeking to retrieve geological test results from the previous owner of the property. Canada Corp. intends to do this to share more details about the property and furnish its followers with a better view of the property's huge and untapped potential in the mining industry. The company is of the opinion that its followers will be pleasantly surprised.
In other corporate updates, Bermal Contracting regarding the recent news on the company's negotiations with the local DirectBuy outlet: Bermal Contracting and DirectBuy are in an early and confidential negotiation stage. For these and other obvious reasons Bermal Contracting and NWTT management kindly requests from its followers not to disturb this vendor.
The company intends to provide timely and frequent updates to its followers not only on news worthy matters but on operational and up coming events as well.
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