NW Tech Capital Inc. (NWTT) Finalized Merger With BC Gravel Company
August 03 2010 - 10:15AM
Marketwired
NW Tech Capital Inc, (PINK SHEETS: NWTT)
(http://www.nwtechcapital.com) is pleased to announce, that the
company had finalized the merger with Bermal Contracting Ltd., a BC
Canada company.
Bermal Contracting Ltd. offers substantial revenues and a
sizable operations, currently excavating patio stone (Horizontal
& Stand up Veneer), ledge stone, stackable stone & corner
stone, and boulder stone. All stone comes in a number of unique
colors, variety of textures and shades, allowing landscapers to
create individualized and customized designs.
Based on the Share Purchase Agreement (Pink Sheets filing July
30, 2010) NWTT had purchased Bermal Contracting Ltd. for six
hundred million (600,000,000) shares of NWTT Common Stock. This
stock will be restricted, and subject to rule 144. Moreover NWTT
has secured contractual assurances that Bermal Contracting must
meet reasonable financial and business obligations and milestones
set between the parties, satisfactory to NWTT board and in the best
interest of NWTT shareholders.
In other company news and events, this week the company will
complete a set of filings with OTC Markets appointing new
officers/directors of Bermal to NWTT roster in conjunction with the
merger.
Bermal Contracting Ltd. is a viable already operational business
with substantial revenues assets operations and goodwill. The
company is in the process of updating its new web site and
unveiling its future plans with its recent marriage to NWTT. Bermal
plans to start producing stone and pallets of varying size that
will be sold directly to medium and high-end landscapers. At this
time, the company is investing in equipment in order to start and
run operations. The company plans to be on target in 2011 for this
further planned expansion.
Bermal Contracting Ltd. financials will be posted shortly.
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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.
CONTACTS:
Investor Relations:
Tel: 1-647-426-1640; www.minamargroup.net/helpdesk, Investor
Relations Department Inquiry, www.minamargroup.net (IR), for
(M&A) and Corporate Matters, www.minamargroup.com
Contacts: Mina Mar Group, Inc. Investor Relations 1-647-426-1640
www.minamargroup.net/helpdesk NWTT corporate@nwtechcapital.com
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