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.
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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