posted
NW Tech Capital, Inc. and Its Subsidiary, Teledigit Inc., Announce Results for July-August, a Record Breaking $410,712 in Revenue Tuesday September 9, 9:45 am ET
VANCOUVER, WA and PORTLAND, OR--(MARKET WIRE)--Sep 9, 2008 -- NW Tech Capital, Inc. (OTC BB:NWTT.OB - News) today announced that its subsidiary, Teledigit Inc., is reporting that the unaudited revenues for July and August 2008 were in excess of $410,712. ADVERTISEMENT
As of August 31, 2008, unaudited revenues for July-August were approximately $410,712, as compared to Teledigit revenues of $377,445, representing a 12.5% increase in business during the same period last year.
James Wheeler, CEO of NW Tech Capital, stated: "We continue to see increases in sales related to our Cisco and Vertical partnerships. Being a Cisco Select Certification Registered Partner is paying off for Teledigit." Wheeler continues: "We are also continuing to increase sales for the Vertical wave system. We believe both of these systems are quality systems and leaders in the VoIP markets. We are very excited about the growth that Teledigit is making and look forward to posting a record quarter at the end of September with them."
UPDATE ON CHINA:
Wheeler states: "Today I leave for meetings in China to finalize an agreement with Zhuhai Jialun Guangcai Chain Drugstore Co., Ltd., http://www.gzhuang.cn/zhuhai/e_index.asp. We are looking forward to a favorable outcome from these meetings. We will be setting forth the plan and engaging the auditors that will be needed to audit the Drugstore chain. Growth of pharmaceutical products in China is expected to increase at 23.5% annually over the next 3 years and to reach $126 billion USD in revenue by 2011 (according to Frost & Sullivan, an independent market research and consulting firm). I anticipate that we will return from China with a signed agreement and a plan to advance the purchase."
About Teledigit Inc.
Teledigit Inc. operates a data & Telecommunications Company in the Pacific Northwest. Established in 1995, Teledigit Inc. bases its operations out of Portland, Oregon serving customers throughout the United State.
About NW TECH CAPITAL, 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.
-------------------- I said it aint no fun waiting around to be a millionaire. Posts: 130 | From: United States of America | Registered: Oct 2005
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NW Tech Capital, Inc. Announces Letter of Intent to Acquire Pink Sheet Listed Company Microholdings US, Inc.
VANCOUVER, WA and PORTLAND, OR, Oct 14, 2008 (MARKET WIRE via COMTEX) -- NW Tech Capital, Inc. (OTCBB: NWTT) announced today that it has entered into a Letter of Intent to acquire the Pink Sheet listed company Microholdings US (PINKSHEETS: MCHU) Inc. on or before November 15, 2008. James Wheeler stated, "our corporate strategy in China has given us a strong path towards increased mergers and acquisitions ('M&A'). Today, our negotiations with Microholdings US provides us with another opportunity to bring value to our shareholders who will benefit from both M&A in China and the organic growth of our wholly owned subsidiary Teledigit, Inc. The Letter of Intent provides us to acquire the control block of Microholdings US pursuant to a definitive Share Purchase Agreement and other customary closing documents. We anticipate further announcements in the near future regarding Microholdings US. 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
posted
Just got some NWTT last Friday merger supposed to be done ON OR BEFORE NOVEMBER 15TH per last PR. Read 1st paragraph.
NW Tech Capital, Inc. Announces Letter of Intent to Acquire Pink Sheet Listed Company Microholdings US, Inc. VANCOUVER, WA and PORTLAND, OR -- (Marketwire) -- 10/14/08 -- NW Tech Capital, Inc. (OTCBB: NWTT) announced today that it has entered into a Letter of Intent to acquire the Pink Sheet listed company Microholdings US (PINKSHEETS: MCHU) Inc. on or before November 15, 2008.
James Wheeler stated, "our corporate strategy in China has given us a strong path towards increased mergers and acquisitions ('M&A'). Today, our negotiations with Microholdings US provides us with another opportunity to bring value to our shareholders who will benefit from both M&A in China and the organic growth of our wholly owned subsidiary Teledigit, Inc. The Letter of Intent provides us to acquire the control block of Microholdings US pursuant to a definitive Share Purchase Agreement and other customary closing documents. We anticipate further announcements in the near future regarding Microholdings US. 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
Source: Marketwire (October 14, 2008 - 9:45 AM EDT)
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NW Tech Capital, Inc. Announces It Has Signed and Closed a Definitive Agreement and Has Purchased Microholdings US, Inc.
VANCOUVER, WA and PORTLAND, OR -- (Marketwire) -- 11/17/08 -- 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.
posted
More news the other day... Chart doesn't look bad for a .000 stock
NW Tech Capital, Inc. Highlights This Year's Accomplishments and CEO's Forecast for 2009
VANCOUVER, WA and PORTLAND, OR, Dec 02, 2008 (MARKET WIRE via COMTEX) -- NW Tech Capital, Inc. (OTCBB: NWTT) Highlights for 2008 were many and forecast for 2009 looks even better.
Our accomplishments for 2008
Teledigit accomplishments
-- On June 30, 2008 Teledigit became a Select Certified Registered Partner with Cisco Systems, opening up a whole new market for Teledigit products and services.
-- On July 7, 2008 Teledigit completed a Major installation of a Nortel switch for a Large Health Care Provider in the Northwest, establishing itself as a company that can not only handle the small to medium size businesses, but can also handle the larger businesses Telecom needs.
-- Also in July, 2008 Teledigit started offering the Vertical Communications WAVE IP 2500 VoIP PBX systems which deliver new generation enterprise-level communications capabilities at a small business price. During July Teledigit installed 3 of these new systems opening up a new business segment for Teledigit.
-- On August 20, 2008 Teledigit became an Adtran Advantage Partner, reselling the full line of data networking, telecom and wireless products Adtran offers.
-- September 9, 2008, July and August revenues for Teledigit where announced and Teledigit revenues were up by 12.5% for the same period the previous year.
-- November 7, 2008 NWTT files its quarterly 10Q, announcing its revenues from the acquisition exceeding $500,000 for the 3rd quarter 2008.
China accomplishments
-- February 21, 2008, the Board of Directors of NWTT approved sending a delegation to China to seek out merger and acquisition opportunity. Targeting companies in China that have approximately $5,000,000 in annual revenues, EBIDTA of in excess of $500,000 or more and a 5 year history of operations. Also, looking for a professional management team in place with a proven business line.
-- April 24, 2008, NW Tech Capital, Inc. announced that it has successfully incorporated a new Hong Kong/China company effective April 17, 2008. The new company is NW Tech Capital Group (Hong Kong) Limited with registration number 1228097. This company is a subsidiary of NWTT and will be used as a management company to bridge the gap between NWTT and possible mergers and acquisitions in China.
-- August 19, 2008, NW Tech Capital, Inc., announced that it has entered into a Letter of Intent to acquire 51% of the controlling shares of Zhuhai Jialun Guangcai Chain Drugstore Co., Ltd. ("ZJG Drugstores"). Although this purchase was not completed the company has made many valuable steps into entering the China market and believes it will have future success in this market in 2009. NWTT is still working on a joint venture with the ZJG Drugstores.
-- October 9, 2009, NW Tech Capital announced the change in Direction with ZJG Drugstores to enter into a joint venture to develop new distribution centers for ZJG Drugstores.
NW Tech Capital accomplishments
-- In January 2008 NWTT announced a purchase agreement signed with Teledigit Inc., to purchase 100% of Teledigit Inc., pending an audit of their financials on or before July 31, 2008.
-- June 12, 2008 the audit on Teledigit was completed ahead of schedule.
-- On June 17, 2008 the deal to purchase Teledigit Inc. was completed 45 days ahead of schedule.
-- On August 12, 2008, NWTT announced a settlement with the SEC for violations dating back to 2002-2005 which did not involve the current management of NWTT. But management was able to negotiate a settlement with the SEC, although the settlement provides for disgorgement in the amount of $5,330,198, plus prejudgment interest thereon in the amount of $1,502,535 for a total amount of $6,832,733, it specifically states that the Court is not ordering the Company to pay a civil penalty and the payment of all disgorgement and pre-judgment interest thereon is waived. Whereby saving the company nearly $7 million and allowing it to move on with its current business plans.
-- On November 11, 2008 NWTT purchased another subsidiary "Microholdings US (PINKSHEETS: MCHU)" a publicly traded pink-sheet trading under the symbol "MCHU." NWTT is currently seeking a merger or acquisition candidate for Microholdings.
Outlook for the future from CEO James Wheeler
James Wheeler states: "I believe there is a bright future for NWTT in 2009. We have laid a lot of ground work in 2008 that will be needed to make us more successful in 2009. The acquisitions of both Teledigit and Microholdings US, should make NWTT attractive to new investments and new shareholder interest in 2009. We plan to continue to grow Teledigit through added services and working with our new vendors this year; such as Cisco, the new Vertical products like the WAVE IP 2500 VoIP systems and new added network and data services. We believe Teledigit has great growth possibilities in 2009 and look forward to helping them reach their fullest potential." He continues: "With the acquisition of Microholdings US we are looking for a new source of revenue for NWTT. We plan to use MCHU to seek new acquisition or merger candidates. We are currently negotiating deals for MCHU and will be announcing these deals as agreements are signed. We will also continue to work on our China connections for mergers and acquisitions to increase the value of NWTT."
Mr. Wheeler also states: "We are looking forward to the new year. Many great possibilities are in our grasp and we will be working hard to complete each and every deal for advancement of NW Tech Capital and its valued shareholders. We hope that the market will soon realize that the company is currently undervalued and respond accordingly. I would like to thank all of our shareholders for their support in 2008 and wish them all a very Merry Christmas and a very prosperous new year with NWTT."
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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