SOURCE: NW Tech Capital, Inc.

June 12, 2008 09:15 ET

NW Tech Capital, Inc. (Formerly Known as Cybertel Capital Corporation) Completes Audit of Teledigit, Inc. and Sets New Closing Date

VANCOUVER, WA and PORTLAND, OR--(Marketwire - June 12, 2008) - NW Tech Capital, Inc. (OTCBB: NWTT) announced today that it successfully completed the financial audit of Teledigit, Inc. a telecommunications company in the Pacific Northwest established in 1995. As previously announced NWTT entered into a purchase agreement with Teledigit subject to completion of the audit.

Teledigit bases its operations out of Portland, Oregon, serving customers in the greater Portland Metropolitan/Vancouver, WA areas, and it is expanding its business nationwide. Teledigit provides installation and service for business voice, wireless networks and data services, including key systems, PBX's, voicemail, and cabling. Partnering with Nortel Networks and Vertical, Teledigit offers the best available telecommunications equipment, video and network services, phones and communications systems.

James Wheeler, President and CEO of NWTT, stated, "We all worked hard to complete the audit of Teledigit. The closing was originally scheduled for July 31st, 2008 and we are way ahead of schedule. Our new closing date will be June 16th, 2008. We are extremely pleased with the outcome of the audit. This is a milestone for both companies as we go forward with the filing of an 8-K with the SEC. We previously reported sales of Teledigit were approximately $1.7m per annum in 2007. The audit up held this number and the actual audited revenue number for 2007 is $1,741,141. Looking forward to 2008 and beyond, our challenge is to grow Teledigit through new sales and new acquisitions. Growth in the telecommunications industry remains solid. We believe that our business customers will continue to up-grade and expand their telecommunications and data infra-structure to cut the increased costs of airline and ground travel costs. Virtual meetings and telephony gives our customers the tools that they need to compete in the high tech Business environment."

Update on China: Our NWTT rep is currently on his third trip to China. We anticipate an update on our China activities next week.

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, wireless networks and data services including key systems, PBX's, 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

  • Contact Information:

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