HENDERSON, NEVADA--(Marketwire - 01/18/11) - NW Tech Capital Inc. (PINK SHEETS:NWTT - News) (www.nwtechcapital.com) subsidiary Bermal Contracting Ltd. is pleased to announce that it is in negotiations with a commercial development company to supply it with up to $250,000 CAD worth of flagstone for its newly built condominium development.
This development company has expressed an interest in using Bermal's popular black flagstone for the interior and exterior finishing of the 16 condo units that are under construction. The company is looking to order approximately 15,000 square feet of sheet rock for this order worth up to $250,000. Bermal's black flagstone is a favorite among customers, and Bermal is the only quarry in the region to produce this color.
The development company owns and operates 6 various companies, and this deal would provide Bermal with a great opportunity to get its product out. Bermal believes that working with this development company could become an ongoing project and offer a serious growth opportunity for the company. The company expects the transaction to close shortly.
In other company news and events, NWTT will be appointing new officers, directors and board members as a result of the recent 7662491 Canada Incorporated (Canada Corp.) mining merger completion. (Announcement of Jan. 14, 2011) The company will post certain filings of this event with OTC Markets shortly.
The company confirms that other previously announced mergers are still in play.
More day to day operational updates and other news will follow shortly and on a timely basis.
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.
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