SOURCE: NW Tech Capital

August 11, 2008 09:45 ET

NW Tech Capital, Inc. and Its Subsidiary Teledigit Inc. Announce Preliminary Results for Period Ended June 30, 2008; Record Revenues Reported

VANCOUVER, WA and PORTLAND, OR--(Marketwire - August 11, 2008) - NW Tech Capital, Inc. (OTCBB: NWTT) today announced that its subsidiary, Teledigit Inc., is reporting that both unaudited second quarter revenues and unaudited net income for NWTT improved in comparison to the same period(s) for that of the prior year (2007).

As of June 30, 2008, second quarter unaudited revenues were approximately $62,735. This compares with second quarter 2007, posting revenues of $0.00 representing NWTT 1st revenues since early 2006. This revenue reflects Teledigit revenue from June 16, 2008 (the date of Purchase) to June 30, 2008. Teledigit posted a record breaking year's revenue for 2007 in excess of $1.7 million and is currently on track for another record breaking year. The full 10Q second quarter review for NW Tech Capital will be filed within the next couple of days with the SEC and once filed can be found at www.sec.gov.

James Wheeler, CEO of NW Tech Capital, stated: "In the last 60 days NWTT has taken many steps to improve its financial condition and benefits to its shareholders. With the purchase of Teledigit we have posted our 1st revenue of the year. Since the purchase of Teledigit we also signed a deal with Cisco for Teledigit to become a Cisco Select Certification Registered Partnership. Since the signing of the Cisco agreement Cisco has delivered Teledigit several leads that are now turning into sales. NWTT will announce Teledigit's July 2008 numbers next week and the preliminary numbers are showing a large increase in monthly revenue." Wheeler continues "In regards to our China activities, we have made several trips to China in the last few months and are scheduled for another trip in September. We are looking into several possibilities and hope to have a signed Letter of Intent before leaving for China this time. We believe that the China market has many possibilities for NWTT and its shareholders and look forward to completing our 1st deal in China soon."

About TECH CAPITAL, INC. & Teledigit, Inc.

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