SOURCE: NW Tech Capital

February 21, 2008 09:15 ET

NW Tech Capital, Inc. (Formerly: Cybertel Capital Corp) Announces It Will Seek Acquisitions in China Targeting Companies With $5,000,000 in Revenue

VANCOUVER, WA--(Marketwire - February 21, 2008) - NW TECH CAPITAL, INC. (OTCBB: NWTT) announced today that its Board of Directors had approved sending a delegation to China to seek out merger and acquisition opportunity. Formerly known as Cybertel Capital Corp, NWTT is a technology base provider to national and regional businesses and other consumers in the Pacific Northwest.

James Wheeler President and CEO stated, "We are an established technology company looking for merger and acquisition opportunities. As a public company, we can offer companies in China entry into the USA financial markets through a business strategy that leverages our position as a public company. As a small business issuer reporting to the Securities and Exchange Commission, we believe private companies in China will team up with us to take them public in the USA. This model has been proven successfully by other companies who used their management and regulatory experience to close M&A opportunities with much larger private and public companies."

"We are targeting companies in China that have approximately $5,000,000 in annual revenues, EBIDTA of in excess of $500,000 or more and a 5-year history of operations. Also, we will look for a professional management team in place with a proven business line. We think that there is a great opportunity for synergy in China with US-based companies like NWTT. The reason we have approved a foreign market such as China is that management feels they have a better opportunity to find companies that fit our requirements and will allow NWTT to grow faster with a more consistent and higher rates of return. Many companies in China are very profitable and looking for ways to enter the US Market. By acquiring these companies it gives them entrance into the USA Public market and at the same time increase the Shareholder value of NWTT."

NWTT's delegation to China will depart in March 2008 in search of M&A opportunities. Further information will be made available upon execution of definitive agreements."

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