SOURCE: NW Tech Capital

September 09, 2008 09:45 ET

NW Tech Capital, Inc. and Its Subsidiary, Teledigit Inc., Announce Results for July-August, a Record Breaking $410,712 in Revenue

VANCOUVER, WA and PORTLAND, OR--(Marketwire - September 9, 2008) - NW Tech Capital, Inc. (OTCBB: NWTT) today announced that its subsidiary, Teledigit Inc., is reporting that the unaudited revenues for July and August 2008 were in excess of $410,712.

As of August 31, 2008, unaudited revenues for July-August were approximately $410,712, as compared to Teledigit revenues of $377,445, representing a 12.5% increase in business during the same period last year.

James Wheeler, CEO of NW Tech Capital, stated: "We continue to see increases in sales related to our Cisco and Vertical partnerships. Being a Cisco Select Certification Registered Partner is paying off for Teledigit." Wheeler continues: "We are also continuing to increase sales for the Vertical wave system. We believe both of these systems are quality systems and leaders in the VoIP markets. We are very excited about the growth that Teledigit is making and look forward to posting a record quarter at the end of September with them."

UPDATE ON CHINA:

Wheeler states: "Today I leave for meetings in China to finalize an agreement with Zhuhai Jialun Guangcai Chain Drugstore Co., Ltd., http://www.gzhuang.cn/zhuhai/e_index.asp. We are looking forward to a favorable outcome from these meetings. We will be setting forth the plan and engaging the auditors that will be needed to audit the Drugstore chain. Growth of pharmaceutical products in China is expected to increase at 23.5% annually over the next 3 years and to reach $126 billion USD in revenue by 2011 (according to Frost & Sullivan, an independent market research and consulting firm). I anticipate that we will return from China with a signed agreement and a plan to advance the purchase."

About Teledigit Inc.

Teledigit Inc. operates a data & Telecommunications Company in the Pacific Northwest. Established in 1995, Teledigit Inc. bases its operations out of Portland, Oregon serving customers throughout the United State.

About NW TECH CAPITAL, 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