SOURCE: NW Tech Capital

January 29, 2008 09:20 ET

NW Tech Capital, Inc. (Formerly Known as Cybertel Capital Corporation) Signs a Definitive Acquisition Agreement to Purchase TeleDigit, Inc.

VANCOUVER, WA and PORTLAND, OR--(Marketwire - January 29, 2008) - NW TECH CAPITAL, INC.'s (formerly known as Cybertel Capital Corp) (OTCBB: NWTT) Board of Directors has announced the Company has signed a definitive acquisition agreement to acquire the Portland, Oregon based telecommunications company TeleDigit, Inc. Under the stock exchange transaction NW Tech Capital will acquire 100% ownership of TeleDigit, Inc. as a subsidiary of NW Tech Capital.

"Over the past ten years TeleDigit has had progressive growth every year and we look forward to its continued growth in the future," states Jim Wheeler, CEO of NW Tech Capital. "The acquisition will add to NW Tech Capital TeleDigit's existing business which will produce approximately 1.75 million dollars in revenue for 2007." Jim Wheeler, CEO of NW Tech Capital, also states: "The revenues are up approximately 11% from what we thought they would be when we signed the letter of intent in December and we continue to be pleased with the TeleDigit results."

The transaction will include a business and funding plan to expand the growth of TeleDigit, Inc.'s current service offerings, as well as to introduce additional service offerings to the existing market that TeleDigit, Inc. provides, such as Data and Wireless networking and integration and engineering, providing a full scope of Telecommunication and Data networking services to include: Voice Over IP (VoIP), Telecom and data equipment sales and service, Wireless equipment sales and service, including integration and engineering services.

The closing date of the agreement is subject to the approval of a qualified PACOB certified public auditor. We believe that the audit should get under way within the next two weeks. Complete details of the transaction will be filed in the form of an 8K within the 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, including key systems, PBXs, 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
    Email Contact