NW Tech Capital, Inc. (Formerly Known as Cybertel Capital Corporation) Files the Acquisition Agreement to Purchase Teledigit, In
February 06 2008 - 8:00AM
Marketwired
VANCOUVER, WA and PORTLAND, OR (OTCBB: NWTT) -- The Board of
Directors filed the acquisition agreement to acquire the Portland,
Oregon-based telecommunications company Teledigit, Inc. with the
SEC. Teledigit revenue for 2007 was approximately 1.74 million and
was up 16% over 2006 revenue of 1.49 million. The filing discloses
the terms and conditions of the acquisition of Teledigit, Inc. by
NW Tech Capital, Inc.
The acquisition is subject (among other conditions) to an
approval of a certified audit conducted by a PACOB certified public
auditor. "We have started compiling the financials needed to supply
to the public auditor. We feel the financial information should be
ready to send to the PACOB certified auditor by the end of this
week," states James Wheeler, CEO of NW Tech Capital, Inc.
The transaction will include a business and funding plan to
expand the growth of Teledigit, Inc.'s current service offerings,
as well as to introduce additional service offerings to the
existing market that Teledigit, Inc. provides, such as; Data and
Wireless networking and integration and engineering, providing a
full scope of Telecommunication and Data networking services to
include: Voice Over IP (VoIP), Telecom and data equipment sales and
service, Wireless equipment sales and service; including
integration and engineering services.
NW Tech Capital, Inc. not only wants to build on what Teledigit
has started but will look for other qualified acquisitions that
will complement the Teledigit acquisition. James Wheeler also
states, "We will continue to look for other good solid companies
that will fit with our growth strategy to build NW Tech Capital
into a substantial player in voice, data and wireless solutions for
our customers."
About Teledigit, Inc.
Teledigit, Inc. is a locally owned and operated
telecommunications company in the Pacific Northwest. Established in
1995, Teledigit, Inc. bases its operations out of Portland, Oregon
serving customers throughout the West coast, with a national
contract to service all voice systems for a National chain of
dentist offices. Teledigit, Inc. provides installation and service
for your business voice needs, including key systems, PBXs,
voicemail, and cabling.
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 E-mail: Email Contact
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