HENDERSON, NEVADA--(Marketwire - 01/21/11) - NW Tech Capital Inc. (PINK SHEETS:NWTT - News) (www.nwtechcapital.com) Further to the company various previous press releases, where amongst other things NWTT management advised its followers of its aspirations to complete up to 5 new mergers and expand and grow its business model further the company is pleased to introduce its 3rd targeted merger candidate.
This 3rd targeted merger candidate is located in British Columbia, Canada. This Ornamental Stone Quarry has a lot of virgin rock available and a road leading to the property. The stone on the property offers a wide range of beautiful colors with numerous intrusions of the pure quartz between the layers, which works very favourable for the Stone price. Stone slabs offer sizes from small to large images of the quarry and other relevant information will be made available at the OTCMarkets and the company web site over the weekend. The company research and beliefs are that the Quarry site contains extensive deposits of this quality stone.
Quarry operations maybe one of the fastest way of turning mining claims into profitable producers, as most of the time company mines visible stone deposits, and whole development process doesn't need a lot of time and speculation. Exploitation cost is a second highly favourable element of Quarry business, as it cost only a fraction of cost necessary to operate any other kind of mining operations.
This stone can be used in variety of ways. NWTT sees a great and profitable opportunity in expanding and distributing this stone to the stone masonry work. Stone masonry uses quality stone for production of some of the lasting and the most beautiful works in human history and with great popularity in the modern urban settings. Future plans of the company is to begin using this property as a starting point for launching stone masonry services in the claims locale.
NWTT management sees a great opportunity to complement the company's core business.
Again, as with the recent Ontario merger the share structure of NWTT will remain undisturbed. Because of the already established relationship in financing with the previous Ontario merger, the company does not foresee this merger to take as long to complete as it did with the Ontario property.
The company intends to provide its followers with timely news and updates on a regular basis. Moreover all non news worthy updates or daily important updates will be made available as a filing on OTCMarkets web site and through the company's IR "support suite" web site.
More details will be released shortly.
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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