SOURCE: NW Tech Capital, Inc.

October 14, 2008 09:45 ET

NW Tech Capital, Inc. Announces Letter of Intent to Acquire Pink Sheet Listed Company Microholdings US, Inc.

VANCOUVER, WA and PORTLAND, OR--(Marketwire - October 14, 2008) - NW Tech Capital, Inc. (OTCBB: NWTT) announced today that it has entered into a Letter of Intent to acquire the Pink Sheet listed company Microholdings US (PINKSHEETS: MCHU) Inc. on or before November 15, 2008.

James Wheeler stated, "our corporate strategy in China has given us a strong path towards increased mergers and acquisitions ('M&A'). Today, our negotiations with Microholdings US provides us with another opportunity to bring value to our shareholders who will benefit from both M&A in China and the organic growth of our wholly owned subsidiary Teledigit, Inc. The Letter of Intent provides us to acquire the control block of Microholdings US pursuant to a definitive Share Purchase Agreement and other customary closing documents. We anticipate further announcements in the near future regarding Microholdings US. Until then we are focusing on the growth of Teledigit which continues to produce historic revenues for us."

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

  • Contact Information:
    NW Tech Capital, Inc.
    Vancouver, WA
    James Wheeler
    Chairman & CEO
    (Tel) 360-823-4343
    E-mail: Email Contact