SOURCE: NW Tech Capital, Inc.

April 24, 2008 09:15 ET

NW Tech Capital Announces Formation of Hong Kong/China Subsidiary as Part of Mergers & Acquisitions Strategy

VANCOUVER, WA--(Marketwire - April 24, 2008) - NW Tech Capital, Inc., (OTCBB: NWTT) announced today that it has successfully incorporated a new Hong Kong/China company effective April 17, 2008. The new company is NW Tech Capital Group (Hong Kong) Limited with registration number 1228097. As previously announced on February 21, 2008, NWTT sent a delegation to China to launch its merger & acquisitions strategy.

The new company NW Tech Capital Group (Hong Kong) Limited will be regulated in accordance with the Hong Kong Companies Ordinance (Chapter 32). As a wholly owned subsidiary of NWTT all activities will be compliant with the rules and regulations of the U.S. Securities Exchange Commission. There will be a commonality of the Board of Directors and management. As previously announced the new Hong Kong subsidiary will actively engage in completing merger & acquisition opportunities with private China companies. These private companies will benefit from the expertise of NWTT relative to the U.S. public financial markets.

James Wheeler, the President and CEO of NWTT, stated, "Our recent trip earlier this month to China allowed us to meet a number of private and public companies that want to go public in the USA. These companies are representative of many industries in China. Each of these companies have cash positive balance sheets and experienced management teams. The economic boom in China is real and these public and private companies are now ready to become public companies in the United States. While NWTT is a growth oriented company, we believe that our shareholders want more than just organic growth. Our M&A strategy in China is designed to give our shareholders equity participation in the world's second largest economy."

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 contact investor@nwtechcapital.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

  • Contact Information:
    NW Tech Capital, Inc.
    Vancouver, WA
    James Wheeler
    Chairman & CEO
    E-mail: Email Contact