HENDERSON, NEVADA--(Marketwire - 03/15/11) - NW Tech Capital Inc. (PINK SHEETS:NWTT - News) (www.nwtechcapital.com) subsidiary Bermal Contracting Ltd. continues to seek new markets for its unique, high quality stone and has several promising leads in Calgary, Alberta.
Alberta's oil industry has turned Calgary into a boomtown in recent years, and the province's largest city presents a variety of opportunities that Bermal could be a part of.
Housing starts increased by 46.6% to 9,262 units in 2010, according to Calgary Economic Development. The value of building permits last year was $2.92 billion, and there were 22 projects valued at more than $10 million. The estimated construction value of building permit applications for December was $241 million.
There are almost 200 major development projects in Calgary valued at $5 million or more (including nine worth more than $1 billion) that are planned, currently under construction or recently completed.
The company intends to explore the opportunities for expansion into this booming market and market its high quality product. Bermal is located near Kaslo, B.C. and excavates high quality stone used for landscaping, including rock walls, fireplaces, ponds, patios, house exteriors, fire pits, flower beds, stairs and walkways.
More updates will follow on a timely basis once new agreements are finalized.
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